2022
Exports
$121MWorld Rnk 12 / 93
Flag Rnk 208 / 1198
2022
PRODUCT COMPLEXITY IN Metalworking Transfer Machines
2.21Rnk 2 / 1025
2022
Imports
$34.6MWorld Rnk 37 / 169
Flag Rnk 545 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $121M in Metalworking Transfer Machines, making it the 12th largest exporter of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 208th most exported product in Singapore. The main destination of Metalworking Transfer Machines exports from Singapore are: China ($67.3M), United States ($13.6M), India ($8.17M), Vietnam ($7.09M), and Malaysia ($4.74M).

The fastest growing export markets for Metalworking Transfer Machines of Singapore between 2021 and 2022 were United States ($6.55M), Germany ($1.8M), and China ($1.2M).

Imports In 2022, Singapore imported $34.6M in Metalworking Transfer Machines, becoming the 37th largest importer of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 545th most imported product in Singapore. Singapore imports Metalworking Transfer Machines primarily from: Japan ($10.7M), Chinese Taipei ($7.36M), South Korea ($4.86M), China ($4.31M), and Germany ($3.08M).

The fastest growing import markets in Metalworking Transfer Machines for Singapore between 2021 and 2022 were China ($3M), South Korea ($1.38M), and Chinese Taipei ($143k).

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 Transfer 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)$121M
IMPORTS (2022)$34.6M
NET TRADE (2022)$86.9M

In 2022, Singapore exported $121M in Metalworking Transfer Machines. The main destinations of Singapore exports on Metalworking Transfer Machines were China ($67.3M), United States ($13.6M), India ($8.17M), Vietnam ($7.09M), and Malaysia ($4.74M).

In 2022, Singapore imported $34.6M in Metalworking Transfer Machines, mainly from Japan ($10.7M), Chinese Taipei ($7.36M), South Korea ($4.86M), China ($4.31M), and Germany ($3.08M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Transfer Machines EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
United States$6.55M (93.4%)
Germany$1.8M (75%)
China$1.2M (1.82%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Transfer Machines BY Singapore WERE (2021 - 2022):
United Arab Emirates-$4.91M (-100%)
India-$1.2M (-12.8%)
Malaysia-$780k (-14.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Metalworking Transfer Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.73M
TOP IMPORT POTENTIALChina+ $1.3M

Metalworking Transfer Machines’s highest export potential is United States. With an export gap of $3.73M.   Metalworking Transfer Machines’s highest import potential is China with an import gap of $1.3M.

See methodology.

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