2022
Exports
$8.47MWorld Rnk 41 / 158
Flag Rnk 604 / 1198
2022
PRODUCT COMPLEXITY IN Industrial Furnaces
0.84Rnk 229 / 1025
2022
Imports
$33.4MWorld Rnk 37 / 213
Flag Rnk 553 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $8.47M in Industrial Furnaces, making it the 41st largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 604th most exported product in Singapore. The main destination of Industrial Furnaces exports from Singapore are: Australia ($2.91M), Costa Rica ($919k), Italy ($733k), Hong Kong ($574k), and Nepal ($561k).

The fastest growing export markets for Industrial Furnaces of Singapore between 2021 and 2022 were Australia ($2.9M), Costa Rica ($919k), and Italy ($724k).

Imports In 2022, Singapore imported $33.4M in Industrial Furnaces, becoming the 37th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 553rd most imported product in Singapore. Singapore imports Industrial Furnaces primarily from: China ($9.66M), Italy ($6.49M), United States ($3.84M), Japan ($3.74M), and Germany ($2.43M).

The fastest growing import markets in Industrial Furnaces for Singapore between 2021 and 2022 were China ($3.33M), Italy ($2.34M), and Belgium ($712k).

Latest Trends

Aug 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 Furnaces. 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)$8.47M
IMPORTS (2022)$33.4M
NET TRADE (2022)-$24.9M

In 2022, Singapore exported $8.47M in Industrial Furnaces. The main destinations of Singapore exports on Industrial Furnaces were Australia ($2.91M), Costa Rica ($919k), Italy ($733k), Hong Kong ($574k), and Nepal ($561k).

In 2022, Singapore imported $33.4M in Industrial Furnaces, mainly from China ($9.66M), Italy ($6.49M), United States ($3.84M), Japan ($3.74M), and Germany ($2.43M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Australia$2.9M (30.3k%)
Costa Rica$919k (1%)
Italy$724k (7.44k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Singapore WERE (2021 - 2022):
United States-$554k (-60%)
Bangladesh-$367k (-83.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
In 2022, Singapore's main importing competitors in Industrial Furnaces were:

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $434k
TOP IMPORT POTENTIALChina+ $3.05M

Industrial Furnaces’s highest export potential is Indonesia. With an export gap of $434k.   Industrial Furnaces’s highest import potential is China with an import gap of $3.05M.

See methodology.

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