2022
Exports
$29.5MWorld Rnk 19 / 161
Flag Rnk 395 / 1198
2022
PRODUCT COMPLEXITY IN Metal Finishing Machines
1.51Rnk 48 / 1025
2022
Imports
$15.3MWorld Rnk 36 / 210
Flag Rnk 720 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $29.5M in Metal Finishing Machines, making it the 19th largest exporter of Metal Finishing Machines in the world. At the same year, Metal Finishing Machines was the 395th most exported product in Singapore. The main destination of Metal Finishing Machines exports from Singapore are: China ($7.06M), Japan ($5.83M), United States ($4.22M), Malaysia ($2.18M), and Indonesia ($2.15M).

The fastest growing export markets for Metal Finishing Machines of Singapore between 2021 and 2022 were China ($1.93M), Thailand ($1M), and Indonesia ($586k).

Imports In 2022, Singapore imported $15.3M in Metal Finishing Machines, becoming the 36th largest importer of Metal Finishing Machines in the world. At the same year, Metal Finishing Machines was the 720th most imported product in Singapore. Singapore imports Metal Finishing Machines primarily from: China ($3.4M), United States ($2.94M), Japan ($2.22M), Switzerland ($2.03M), and Chinese Taipei ($1.72M).

The fastest growing import markets in Metal Finishing Machines for Singapore between 2021 and 2022 were China ($1.54M), Switzerland ($1.27M), and United States ($483k).

Latest Trends

Jul 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 Metal Finishing 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)$29.5M
IMPORTS (2022)$15.3M
NET TRADE (2022)$14.2M

In 2022, Singapore exported $29.5M in Metal Finishing Machines. The main destinations of Singapore exports on Metal Finishing Machines were China ($7.06M), Japan ($5.83M), United States ($4.22M), Malaysia ($2.18M), and Indonesia ($2.15M).

In 2022, Singapore imported $15.3M in Metal Finishing Machines, mainly from China ($3.4M), United States ($2.94M), Japan ($2.22M), Switzerland ($2.03M), and Chinese Taipei ($1.72M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metal Finishing Machines EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
China$1.93M (37.5%)
Thailand$1M (565%)
Indonesia$586k (37.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Finishing Machines BY Singapore WERE (2021 - 2022):
Philippines-$13.1M (-96.6%)
Russia-$458k (-100%)
Italy-$440k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Metal Finishing Machines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $2.07M
TOP IMPORT POTENTIALChina+ $875k

Metal Finishing Machines’s highest export potential is China. With an export gap of $2.07M.   Metal Finishing Machines’s highest import potential is China with an import gap of $875k.

See methodology.

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