2023
Exports
$74.8MWorld Rnk 16 / 131
Flag Rnk 231 / 1202
2023
PRODUCT COMPLEXITY IN Metal Lathes
1.73Rnk 21 / 1025
2023
Imports
$22.3MWorld Rnk 45 / 190
Flag Rnk 596 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $74.8M in Metal Lathes, making it the 16th largest exporter of Metal Lathes in the world. At the same year, Metal Lathes was the 231st most exported product in Singapore. The main destination of Metal Lathes exports from Singapore are: Belgium ($20.2M), India ($12.1M), Germany ($8.76M), Japan ($5.9M), and Brazil ($4.84M).

The fastest growing export markets for Metal Lathes of Singapore between 2022 and 2023 were Belgium ($20.1M), Germany ($3.46M), and United States ($2.23M).

Imports In 2023, Singapore imported $22.3M in Metal Lathes, becoming the 45th largest importer of Metal Lathes in the world. At the same year, Metal Lathes was the 596th most imported product in Singapore. Singapore imports Metal Lathes primarily from: Japan ($6.08M), United States ($4.25M), South Korea ($3.42M), Poland ($2.84M), and Chinese Taipei ($1.73M).

The fastest growing import markets in Metal Lathes for Singapore between 2022 and 2023 were Poland ($2.84M), United States ($2.81M), and Japan ($2.72M).

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 Metal Lathes. 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)$74.8M
IMPORTS (2023)$22.3M
NET TRADE (2023)$52.5M

In 2023, Singapore exported $74.8M in Metal Lathes. The main destinations of Singapore exports on Metal Lathes were Belgium ($20.2M), India ($12.1M), Germany ($8.76M), Japan ($5.9M), and Brazil ($4.84M).

In 2023, Singapore imported $22.3M in Metal Lathes, mainly from Japan ($6.08M), United States ($4.25M), South Korea ($3.42M), Poland ($2.84M), and Chinese Taipei ($1.73M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Metal Lathes EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Belgium$20.1M (16.3k%)
Germany$3.46M (65.4%)
United States$2.23M (147%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Lathes BY Singapore WERE (2022 - 2023):
Vietnam-$1.77M (-69.2%)
Brazil-$1.63M (-25.1%)
Malaysia-$776k (-21.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Metal Lathes were:
Japan $1.84B
China $1.01B
In 2023, Singapore's main importing competitors in Metal Lathes were:

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Trade Value of Metal Lathes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.65M
TOP IMPORT POTENTIALChina+ $1.28M

Metal Lathes’s highest export potential is United States. With an export gap of $1.65M.   Metal Lathes’s highest import potential is China with an import gap of $1.28M.

See methodology.

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