2023
Exports
$622MWorld Rnk 1 / 113
Flag Rnk 61 / 1202
2023
PRODUCT COMPLEXITY IN Glass Working Machines
1.27Rnk 83 / 1025
2023
Imports
$258MWorld Rnk 5 / 180
Flag Rnk 158 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $622M in Glass Working Machines, making it the 1st largest exporter of Glass Working Machines in the world. At the same year, Glass Working Machines was the 61st most exported product in Singapore. The main destination of Glass Working Machines exports from Singapore are: Belgium ($341M), South Korea ($139M), Chinese Taipei ($110M), United States ($14.6M), and India ($9.03M).

The fastest growing export markets for Glass Working Machines of Singapore between 2022 and 2023 were South Korea ($71.7M), Malaysia ($836k), and Japan ($794k).

Imports In 2023, Singapore imported $258M in Glass Working Machines, becoming the 5th largest importer of Glass Working Machines in the world. At the same year, Glass Working Machines was the 158th most imported product in Singapore. Singapore imports Glass Working Machines primarily from: Chinese Taipei ($83.5M), China ($47.5M), India ($43.7M), United Arab Emirates ($40.8M), and Malaysia ($13.5M).

The fastest growing import markets in Glass Working Machines for Singapore between 2022 and 2023 were France ($7.49M), United States ($5.47M), and Belgium ($2.58M).

Latest Trends

Dec 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 Glass Working Machines. 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 (2023)$622M
IMPORTS (2023)$258M
NET TRADE (2023)$364M

In 2023, Singapore exported $622M in Glass Working Machines. The main destinations of Singapore exports on Glass Working Machines were Belgium ($341M), South Korea ($139M), Chinese Taipei ($110M), United States ($14.6M), and India ($9.03M).

In 2023, Singapore imported $258M in Glass Working Machines, mainly from Chinese Taipei ($83.5M), China ($47.5M), India ($43.7M), United Arab Emirates ($40.8M), and Malaysia ($13.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Glass Working Machines EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
South Korea$71.7M (107%)
Malaysia$836k (59.6%)
Japan$794k (3.03k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glass Working Machines BY Singapore WERE (2022 - 2023):
Belgium-$358M (-51.2%)
United States-$178M (-92.4%)
Chinese Taipei-$158M (-58.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Glass Working Machines were:
In 2023, Singapore's main importing competitors in Glass Working Machines were:

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Trade Value of Glass Working Machines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $4.21M
TOP IMPORT POTENTIALMalaysia+ $4.04M

Glass Working Machines’s highest export potential is India. With an export gap of $4.21M.   Glass Working Machines’s highest import potential is Malaysia with an import gap of $4.04M.

See methodology.

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