2022
Exports
$164BWorld Rnk 10 / 226
Flag Rnk 1 / 21
2022
PRODUCT COMPLEXITY IN Machines
2.21Rnk 2 / 1025
2022
Imports
$166BWorld Rnk 10 / 226
Flag Rnk 1 / 21
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $164B in Machines, making it the 10th largest exporter of Machines in the world. At the same year, Machines was the 1st most exported product in Singapore. The main destination of Machines exports from Singapore are: Hong Kong ($45B), China ($27.7B), Malaysia ($14.9B), United States ($9.28B), and Chinese Taipei ($8.2B).

The fastest growing export markets for Machines of Singapore between 2021 and 2022 were Malaysia ($3.93B), China ($2.59B), and South Korea ($2.12B).

Imports In 2022, Singapore imported $166B in Machines, becoming the 10th largest importer of Machines in the world. At the same year, Machines was the 1st most imported product in Singapore. Singapore imports Machines primarily from: Chinese Taipei ($32.9B), China ($31.9B), Malaysia ($29B), United States ($12.6B), and South Korea ($11B).

The fastest growing import markets in Machines for Singapore between 2021 and 2022 were China ($4.42B), Malaysia ($3.59B), and South Korea ($3.18B).

COMPANIES In 2023, leading companies such as HP Inc (324), Panasonic (130), and Team Hardinger (106) were at the forefront of shipping Machines from Singapore to the United States.

Latest Trends

Sep 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 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 (2022)$164B
IMPORTS (2022)$166B
NET TRADE (2022)-$1.95B

In 2022, Singapore exported $164B in Machines. The main destinations of Singapore exports on Machines were Hong Kong ($45B), China ($27.7B), Malaysia ($14.9B), United States ($9.28B), and Chinese Taipei ($8.2B).

In 2022, Singapore imported $166B in Machines, mainly from Chinese Taipei ($32.9B), China ($31.9B), Malaysia ($29B), United States ($12.6B), and South Korea ($11B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machines EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Malaysia$3.93B (35.8%)
China$2.59B (10.3%)
South Korea$2.12B (38.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machines BY Singapore WERE (2021 - 2022):
Hong Kong-$1.73B (-3.7%)
Chinese Taipei-$717M (-8.04%)
Netherlands-$535M (-17.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Machines were:
In 2022, Singapore's main importing competitors in Machines were:

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Trade Value of Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.21B
TOP IMPORT POTENTIALChina+ $5.46B

Machines’s highest export potential is China. With an export gap of $4.21B.   Machines’s highest import potential is China with an import gap of $5.46B.

See methodology.

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