2022
Exports
$6.53MWorld Rnk 25 / 160
Flag Rnk 642 / 1198
2022
PRODUCT COMPLEXITY IN Metalworking Machines
1.92Rnk 9 / 1025
2022
Imports
$13.3MWorld Rnk 34 / 212
Flag Rnk 743 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $6.53M in Metalworking Machines, making it the 25th largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 642nd most exported product in Singapore. The main destination of Metalworking Machines exports from Singapore are: Malaysia ($1.92M), China ($1.28M), Indonesia ($888k), Thailand ($584k), and Philippines ($312k).

The fastest growing export markets for Metalworking Machines of Singapore between 2021 and 2022 were China ($449k), Thailand ($419k), and Malaysia ($180k).

Imports In 2022, Singapore imported $13.3M in Metalworking Machines, becoming the 34th largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 743rd most imported product in Singapore. Singapore imports Metalworking Machines primarily from: China ($4.55M), United States ($1.92M), Germany ($1.38M), Chinese Taipei ($1.19M), and Malaysia ($833k).

The fastest growing import markets in Metalworking Machines for Singapore between 2021 and 2022 were China ($1.74M), United States ($1.4M), and Germany ($1.12M).

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 Metalworking 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)$6.53M
IMPORTS (2022)$13.3M
NET TRADE (2022)-$6.8M

In 2022, Singapore exported $6.53M in Metalworking Machines. The main destinations of Singapore exports on Metalworking Machines were Malaysia ($1.92M), China ($1.28M), Indonesia ($888k), Thailand ($584k), and Philippines ($312k).

In 2022, Singapore imported $13.3M in Metalworking Machines, mainly from China ($4.55M), United States ($1.92M), Germany ($1.38M), Chinese Taipei ($1.19M), and Malaysia ($833k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
China$449k (53.8%)
Thailand$419k (254%)
Malaysia$180k (10.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY Singapore WERE (2021 - 2022):
India-$698k (-70.6%)
Indonesia-$619k (-41.1%)
Brunei-$259k (-72.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Metalworking Machines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $671k
TOP IMPORT POTENTIALChina+ $516k

Metalworking Machines’s highest export potential is China. With an export gap of $671k.   Metalworking Machines’s highest import potential is China with an import gap of $516k.

See methodology.

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