2022
Exports
$8.48BWorld Rnk 4 / 192
Flag Rnk 5 / 1198
2022
PRODUCT COMPLEXITY IN Gas Turbines
0.71Rnk 270 / 1025
2022
Imports
$7.92BWorld Rnk 7 / 207
Flag Rnk 7 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $8.48B in Gas Turbines, making it the 4th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 5th most exported product in Singapore. The main destination of Gas Turbines exports from Singapore are: Hong Kong ($1.12B), Japan ($663M), India ($634M), New Zealand ($600M), and United Arab Emirates ($595M).

The fastest growing export markets for Gas Turbines of Singapore between 2021 and 2022 were United Arab Emirates ($436M), India ($395M), and Japan ($392M).

Imports In 2022, Singapore imported $7.92B in Gas Turbines, becoming the 7th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 7th most imported product in Singapore. Singapore imports Gas Turbines primarily from: United Kingdom ($2.87B), United States ($1.6B), Canada ($487M), India ($349M), and United Arab Emirates ($343M).

The fastest growing import markets in Gas Turbines for Singapore between 2021 and 2022 were United Kingdom ($767M), United Arab Emirates ($304M), and China ($201M).

COMPANIES In 2023, leading companies such as Wistron (1) were at the forefront of shipping Gas Turbines from Singapore to the United States.

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Gas Turbines. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.48B
IMPORTS (2022)$7.92B
NET TRADE (2022)$556M

In 2022, Singapore exported $8.48B in Gas Turbines. The main destinations of Singapore exports on Gas Turbines were Hong Kong ($1.12B), Japan ($663M), India ($634M), New Zealand ($600M), and United Arab Emirates ($595M).

In 2022, Singapore imported $7.92B in Gas Turbines, mainly from United Kingdom ($2.87B), United States ($1.6B), Canada ($487M), India ($349M), and United Arab Emirates ($343M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
India$395M (165%)
Japan$392M (145%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Singapore WERE (2021 - 2022):
China-$229M (-29.2%)
United States-$130M (-18%)
Norway-$86.9M (-92.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Gas Turbines were:
In 2022, Singapore's main importing competitors in Gas Turbines were:

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $191M
TOP IMPORT POTENTIALMalaysia+ $56.6M

Gas Turbines’s highest export potential is United States. With an export gap of $191M.   Gas Turbines’s highest import potential is Malaysia with an import gap of $56.6M.

See methodology.

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