2022
Exports
$32.6MWorld Rnk 34 / 187
Flag Rnk 376 / 1198
2022
PRODUCT COMPLEXITY IN Industrial Food Preperation Machinery
0.74Rnk 263 / 1025
2022
Imports
$71.5MWorld Rnk 50 / 221
Flag Rnk 390 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $32.6M in Industrial Food Preperation Machinery, making it the 34th largest exporter of Industrial Food Preperation Machinery in the world. At the same year, Industrial Food Preperation Machinery was the 376th most exported product in Singapore. The main destination of Industrial Food Preperation Machinery exports from Singapore are: China ($8.34M), Malaysia ($6.9M), Indonesia ($6.2M), Bangladesh ($2.75M), and India ($1.53M).

The fastest growing export markets for Industrial Food Preperation Machinery of Singapore between 2021 and 2022 were China ($7.53M), Malaysia ($5.16M), and Bangladesh ($2.54M).

Imports In 2022, Singapore imported $71.5M in Industrial Food Preperation Machinery, becoming the 50th largest importer of Industrial Food Preperation Machinery in the world. At the same year, Industrial Food Preperation Machinery was the 390th most imported product in Singapore. Singapore imports Industrial Food Preperation Machinery primarily from: China ($15.2M), Germany ($9.72M), Japan ($8.24M), Italy ($6.19M), and United States ($6.01M).

The fastest growing import markets in Industrial Food Preperation Machinery for Singapore between 2021 and 2022 were Japan ($4.82M), China ($4.46M), and Germany ($3.1M).

Latest Trends

Oct 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 Industrial Food Preperation Machinery. 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)$32.6M
IMPORTS (2022)$71.5M
NET TRADE (2022)-$38.9M

In 2022, Singapore exported $32.6M in Industrial Food Preperation Machinery. The main destinations of Singapore exports on Industrial Food Preperation Machinery were China ($8.34M), Malaysia ($6.9M), Indonesia ($6.2M), Bangladesh ($2.75M), and India ($1.53M).

In 2022, Singapore imported $71.5M in Industrial Food Preperation Machinery, mainly from China ($15.2M), Germany ($9.72M), Japan ($8.24M), Italy ($6.19M), and United States ($6.01M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Food Preperation Machinery EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
China$7.53M (927%)
Malaysia$5.16M (296%)
Bangladesh$2.54M (1.18k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Food Preperation Machinery BY Singapore WERE (2021 - 2022):
Indonesia-$4.14M (-40%)
Laos-$3.19M (-100%)
Nigeria-$329k (-95.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Industrial Food Preperation Machinery were:
In 2022, Singapore's main importing competitors in Industrial Food Preperation Machinery were:

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Trade Value of Industrial Food Preperation Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $1.35M
TOP IMPORT POTENTIALChina+ $3.84M

Industrial Food Preperation Machinery’s highest export potential is China. With an export gap of $1.35M.   Industrial Food Preperation Machinery’s highest import potential is China with an import gap of $3.84M.

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