2022
Exports
$899MWorld Rnk 34 / 226
Flag Rnk 55 / 1198
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1Rnk 170 / 1025
2022
Imports
$1.24BWorld Rnk 40 / 225
Flag Rnk 44 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $899M in Motor vehicles; parts and accessories (8701 to 8705), making it the 34th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 55th most exported product in Singapore. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Singapore are: India ($206M), Malaysia ($165M), Hong Kong ($71.7M), Indonesia ($64.8M), and United States ($52.6M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Singapore between 2021 and 2022 were India ($98.3M), Indonesia ($15.9M), and United States ($8.53M).

Imports In 2022, Singapore imported $1.24B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 40th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 44th most imported product in Singapore. Singapore imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Germany ($311M), China ($189M), United States ($143M), Malaysia ($95.3M), and Japan ($82.8M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Singapore between 2021 and 2022 were Germany ($81.5M), United States ($64.3M), and China ($55.1M).

COMPANIES In 2023, leading companies such as CONTINENTAL AUTOMOTIVE SYSTEMS, INC (58), Ford Motor Company (22), and Team Hardinger (7) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) from Singapore to the United States.

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 Motor vehicles; parts and accessories (8701 to 8705). 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)$899M
IMPORTS (2022)$1.24B
NET TRADE (2022)-$344M

In 2022, Singapore exported $899M in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Singapore exports on Motor vehicles; parts and accessories (8701 to 8705) were India ($206M), Malaysia ($165M), Hong Kong ($71.7M), Indonesia ($64.8M), and United States ($52.6M).

In 2022, Singapore imported $1.24B in Motor vehicles; parts and accessories (8701 to 8705), mainly from Germany ($311M), China ($189M), United States ($143M), Malaysia ($95.3M), and Japan ($82.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
India$98.3M (91.5%)
Indonesia$15.9M (32.4%)
United States$8.53M (19.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Singapore WERE (2021 - 2022):
Malaysia-$51.4M (-23.8%)
Hong Kong-$45M (-38.5%)
China-$28.3M (-37.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, Singapore's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $61.3M
TOP IMPORT POTENTIALChina+ $118M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is United States. With an export gap of $61.3M.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is China with an import gap of $118M.

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