2022
Exports
$7.7MWorld Rnk 22 / 166
Flag Rnk 616 / 1198
2022
PRODUCT COMPLEXITY IN Soldering and Welding Machinery
1.33Rnk 87 / 1025
2022
Imports
$14MWorld Rnk 24 / 214
Flag Rnk 735 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $7.7M in Soldering and Welding Machinery, making it the 22nd largest exporter of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 616th most exported product in Singapore. The main destination of Soldering and Welding Machinery exports from Singapore are: United States ($1.81M), Malaysia ($1.43M), Thailand ($956k), Indonesia ($879k), and Burma ($872k).

The fastest growing export markets for Soldering and Welding Machinery of Singapore between 2021 and 2022 were Thailand ($893k), Burma ($369k), and Netherlands ($149k).

Imports In 2022, Singapore imported $14M in Soldering and Welding Machinery, becoming the 24th largest importer of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 735th most imported product in Singapore. Singapore imports Soldering and Welding Machinery primarily from: China ($4.85M), Burma ($3.01M), Netherlands ($1.22M), Chinese Taipei ($1.13M), and United States ($996k).

The fastest growing import markets in Soldering and Welding Machinery for Singapore between 2021 and 2022 were Burma ($2.82M), Netherlands ($557k), and Chinese Taipei ($385k).

Latest Trends

Oct 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 Soldering and Welding 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 (2022)$7.7M
IMPORTS (2022)$14M
NET TRADE (2022)-$6.26M

In 2022, Singapore exported $7.7M in Soldering and Welding Machinery. The main destinations of Singapore exports on Soldering and Welding Machinery were United States ($1.81M), Malaysia ($1.43M), Thailand ($956k), Indonesia ($879k), and Burma ($872k).

In 2022, Singapore imported $14M in Soldering and Welding Machinery, mainly from China ($4.85M), Burma ($3.01M), Netherlands ($1.22M), Chinese Taipei ($1.13M), and United States ($996k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soldering and Welding Machinery EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Thailand$893k (1.41k%)
Burma$369k (73.4%)
Netherlands$149k (751%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soldering and Welding Machinery BY Singapore WERE (2021 - 2022):
China-$976k (-83.2%)
Australia-$391k (-96.9%)
Malaysia-$269k (-15.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Soldering and Welding Machinery were:
In 2022, Singapore's main importing competitors in Soldering and Welding Machinery were:

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Trade Value of Soldering and Welding Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $214k
TOP IMPORT POTENTIALChina+ $540k

Soldering and Welding Machinery’s highest export potential is China. With an export gap of $214k.   Soldering and Welding Machinery’s highest import potential is China with an import gap of $540k.

See methodology.

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