2023
Exports
$665MWorld Rnk 18 / 217
Flag Rnk 55 / 1202
2023
PRODUCT COMPLEXITY IN Other Electrical Machinery
1.46Rnk 52 / 1025
2023
Imports
$2.33BWorld Rnk 5 / 225
Flag Rnk 21 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $665M in Other Electrical Machinery, making it the 18th largest exporter of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 55th most exported product in Singapore. The main destination of Other Electrical Machinery exports from Singapore are: United States ($140M), Malaysia ($92.1M), China ($83.5M), Indonesia ($50.1M), and South Korea ($40.2M).

The fastest growing export markets for Other Electrical Machinery of Singapore between 2022 and 2023 were Malaysia ($60.6M), Vietnam ($29.4M), and South Korea ($13.1M).

Imports In 2023, Singapore imported $2.33B in Other Electrical Machinery, becoming the 5th largest importer of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 21st most imported product in Singapore. Singapore imports Other Electrical Machinery primarily from: Indonesia ($1.07B), Malaysia ($307M), China ($240M), United States ($222M), and Japan ($127M).

The fastest growing import markets in Other Electrical Machinery for Singapore between 2022 and 2023 were Thailand ($21.5M), Italy ($8.17M), and Philippines ($5.75M).

COMPANIES In 2024, leading companies such as Panasonic (10) and General Motors (5) were at the forefront of shipping Other Electrical Machinery from Singapore to the United States.

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 Other Electrical Machinery. 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)$665M
IMPORTS (2023)$2.33B
NET TRADE (2023)-$1.66B

In 2023, Singapore exported $665M in Other Electrical Machinery. The main destinations of Singapore exports on Other Electrical Machinery were United States ($140M), Malaysia ($92.1M), China ($83.5M), Indonesia ($50.1M), and South Korea ($40.2M).

In 2023, Singapore imported $2.33B in Other Electrical Machinery, mainly from Indonesia ($1.07B), Malaysia ($307M), China ($240M), United States ($222M), and Japan ($127M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Electrical Machinery EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Malaysia$60.6M (192%)
Vietnam$29.4M (495%)
South Korea$13.1M (48.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Electrical Machinery BY Singapore WERE (2022 - 2023):
Laos-$53M (-99.9%)
Hong Kong-$24.1M (-40.8%)
India-$18.7M (-48.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Other Electrical Machinery were:
In 2023, Singapore's main importing competitors in Other Electrical Machinery were:

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Trade Value of Other Electrical Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $41.2M
TOP IMPORT POTENTIALChina+ $117M

Other Electrical Machinery’s highest export potential is United States. With an export gap of $41.2M.   Other Electrical Machinery’s highest import potential is China with an import gap of $117M.

See methodology.

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