2022
Exports
$19.9MWorld Rnk 31 / 176
Flag Rnk 461 / 1198
2022
PRODUCT COMPLEXITY IN Textile Processing Machines
1.32Rnk 91 / 1025
2022
Imports
$36.2MWorld Rnk 46 / 216
Flag Rnk 533 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $19.9M in Textile Processing Machines, making it the 31st largest exporter of Textile Processing Machines in the world. At the same year, Textile Processing Machines was the 461st most exported product in Singapore. The main destination of Textile Processing Machines exports from Singapore are: Bangladesh ($3.98M), Malaysia ($3.07M), India ($2.3M), Germany ($1.78M), and Australia ($1.1M).

The fastest growing export markets for Textile Processing Machines of Singapore between 2021 and 2022 were Germany ($1.73M), Malaysia ($1.45M), and Australia ($809k).

Imports In 2022, Singapore imported $36.2M in Textile Processing Machines, becoming the 46th largest importer of Textile Processing Machines in the world. At the same year, Textile Processing Machines was the 533rd most imported product in Singapore. Singapore imports Textile Processing Machines primarily from: China ($12.4M), South Korea ($3.86M), Thailand ($3.81M), Poland ($2.23M), and United States ($1.93M).

The fastest growing import markets in Textile Processing Machines for Singapore between 2021 and 2022 were China ($2.5M), Malaysia ($755k), and United States ($642k).

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 Textile Processing 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)$19.9M
IMPORTS (2022)$36.2M
NET TRADE (2022)-$16.3M

In 2022, Singapore exported $19.9M in Textile Processing Machines. The main destinations of Singapore exports on Textile Processing Machines were Bangladesh ($3.98M), Malaysia ($3.07M), India ($2.3M), Germany ($1.78M), and Australia ($1.1M).

In 2022, Singapore imported $36.2M in Textile Processing Machines, mainly from China ($12.4M), South Korea ($3.86M), Thailand ($3.81M), Poland ($2.23M), and United States ($1.93M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textile Processing Machines EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Germany$1.73M (3.45k%)
Malaysia$1.45M (89.3%)
Australia$809k (274%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Processing Machines BY Singapore WERE (2021 - 2022):
Israel-$2.11M (-67.1%)
United Kingdom-$372k (-91.5%)
South Korea-$358k (-93.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Textile Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $748k
TOP IMPORT POTENTIALChina+ $3.3M

Textile Processing Machines’s highest export potential is India. With an export gap of $748k.   Textile Processing Machines’s highest import potential is China with an import gap of $3.3M.

See methodology.

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