2023
Exports
$20.9BWorld Rnk 8 / 226
Flag Rnk 4 / 21
2023
PRODUCT COMPLEXITY IN Instruments
1.85Rnk 9 / 1025
2023
Imports
$15.5BWorld Rnk 13 / 226
Flag Rnk 6 / 21
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $20.9B in Instruments, making it the 8th largest exporter of Instruments in the world. At the same year, Instruments was the 4th most exported product in Singapore. The main destination of Instruments exports from Singapore are: United States ($4.53B), China ($3.13B), Japan ($1.99B), Malaysia ($1.31B), and Netherlands ($1.25B).

The fastest growing export markets for Instruments of Singapore between 2022 and 2023 were Japan ($859M), Malaysia ($363M), and United States ($284M).

Imports In 2023, Singapore imported $15.5B in Instruments, becoming the 13th largest importer of Instruments in the world. At the same year, Instruments was the 6th most imported product in Singapore. Singapore imports Instruments primarily from: United States ($3.66B), Switzerland ($2.34B), Malaysia ($2.03B), China ($1.54B), and Germany ($949M).

The fastest growing import markets in Instruments for Singapore between 2022 and 2023 were Switzerland ($314M), France ($80.4M), and Costa Rica ($50.3M).

COMPANIES In 2024, leading companies such as Baxter Healthcare (20), Fuyao Glass (18), and General Motors (11) were at the forefront of shipping Instruments from Singapore to the United States.

Latest Trends

Jan 2025

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 Instruments. 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)$20.9B
IMPORTS (2023)$15.5B
NET TRADE (2023)$5.43B

In 2023, Singapore exported $20.9B in Instruments. The main destinations of Singapore exports on Instruments were United States ($4.53B), China ($3.13B), Japan ($1.99B), Malaysia ($1.31B), and Netherlands ($1.25B).

In 2023, Singapore imported $15.5B in Instruments, mainly from United States ($3.66B), Switzerland ($2.34B), Malaysia ($2.03B), China ($1.54B), and Germany ($949M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Instruments EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Japan$859M (76%)
Malaysia$363M (38.5%)
United States$284M (6.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Instruments BY Singapore WERE (2022 - 2023):
Chinese Taipei-$2.69B (-86.6%)
India-$662M (-55.6%)
China-$112M (-3.46%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Instruments were:
In 2023, Singapore's main importing competitors in Instruments were:

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Trade Value of Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $373M
TOP IMPORT POTENTIALChina+ $390M

Instruments’s highest export potential is China. With an export gap of $373M.   Instruments’s highest import potential is China with an import gap of $390M.

See methodology.

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