2023
Exports
$10.1MWorld Rnk 43 / 151
Flag Rnk 513 / 1202
2023
PRODUCT COMPLEXITY IN Locomotive Parts
0.82Rnk 247 / 1025
2023
Imports
$36.5MWorld Rnk 39 / 199
Flag Rnk 504 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $10.1M in Locomotive Parts, making it the 43rd largest exporter of Locomotive Parts in the world. At the same year, Locomotive Parts was the 513th most exported product in Singapore. The main destination of Locomotive Parts exports from Singapore are: Indonesia ($3.06M), United States ($3.03M), Japan ($1.78M), Germany ($474k), and China ($328k).

The fastest growing export markets for Locomotive Parts of Singapore between 2022 and 2023 were United States ($2.98M), Indonesia ($2.44M), and Japan ($1.01M).

Imports In 2023, Singapore imported $36.5M in Locomotive Parts, becoming the 39th largest importer of Locomotive Parts in the world. At the same year, Locomotive Parts was the 504th most imported product in Singapore. Singapore imports Locomotive Parts primarily from: China ($11.9M), Japan ($6.64M), United States ($4.55M), Australia ($4.27M), and United Kingdom ($2.32M).

The fastest growing import markets in Locomotive Parts for Singapore between 2022 and 2023 were China ($2.57M), United States ($2.56M), and United Kingdom ($1.57M).

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 Locomotive Parts. 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)$10.1M
IMPORTS (2023)$36.5M
NET TRADE (2023)-$26.4M

In 2023, Singapore exported $10.1M in Locomotive Parts. The main destinations of Singapore exports on Locomotive Parts were Indonesia ($3.06M), United States ($3.03M), Japan ($1.78M), Germany ($474k), and China ($328k).

In 2023, Singapore imported $36.5M in Locomotive Parts, mainly from China ($11.9M), Japan ($6.64M), United States ($4.55M), Australia ($4.27M), and United Kingdom ($2.32M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Locomotive Parts EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
United States$2.98M (5.56k%)
Indonesia$2.44M (400%)
Japan$1.01M (130%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locomotive Parts BY Singapore WERE (2022 - 2023):
Philippines-$631k (-98.5%)
India-$370k (-72.8%)
Czechia-$233k (-98.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Locomotive Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $372k
TOP IMPORT POTENTIALChina+ $2.56M

Locomotive Parts’s highest export potential is India. With an export gap of $372k.   Locomotive Parts’s highest import potential is China with an import gap of $2.56M.

See methodology.

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