2023
Exports
$16.7BWorld Rnk 26 / 226
Flag Rnk 5 / 21
2023
PRODUCT COMPLEXITY IN Transportation
1.49Rnk 47 / 1025
2023
Imports
$24.5BWorld Rnk 23 / 226
Flag Rnk 4 / 21
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $16.7B in Transportation, making it the 26th largest exporter of Transportation in the world. At the same year, Transportation was the 5th most exported product in Singapore. The main destination of Transportation exports from Singapore are: Nigeria ($9.2B), Denmark ($823M), Philippines ($819M), United States ($701M), and Thailand ($514M).

The fastest growing export markets for Transportation of Singapore between 2022 and 2023 were Nigeria ($9.14B), Denmark ($796M), and Philippines ($374M).

Imports In 2023, Singapore imported $24.5B in Transportation, becoming the 23rd largest importer of Transportation in the world. At the same year, Transportation was the 4th most imported product in Singapore. Singapore imports Transportation primarily from: China ($7.99B), United States ($7.5B), Japan ($1.74B), France ($1.55B), and Germany ($1.06B).

The fastest growing import markets in Transportation for Singapore between 2022 and 2023 were China ($3.44B), United States ($3.11B), and France ($727M).

COMPANIES In 2024, leading companies such as Tredit Tire & Wheel (46), Team Hardinger (10), and YAMAHA CORPORATION OF AMERICA (9) were at the forefront of shipping Transportation from Singapore to the United States.

Latest Trends

Jan 2025

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 Transportation. 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)$16.7B
IMPORTS (2023)$24.5B
NET TRADE (2023)-$7.84B

In 2023, Singapore exported $16.7B in Transportation. The main destinations of Singapore exports on Transportation were Nigeria ($9.2B), Denmark ($823M), Philippines ($819M), United States ($701M), and Thailand ($514M).

In 2023, Singapore imported $24.5B in Transportation, mainly from China ($7.99B), United States ($7.5B), Japan ($1.74B), France ($1.55B), and Germany ($1.06B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Transportation EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Nigeria$9.14B (15.6k%)
Denmark$796M (2.95k%)
Philippines$374M (83.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Transportation BY Singapore WERE (2022 - 2023):
Saudi Arabia-$1.13B (-98.1%)
India-$745M (-79.4%)
China-$586M (-78.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Transportation were:
In 2023, Singapore's main importing competitors in Transportation were:

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Trade Value of Transportation by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $89.1M
TOP IMPORT POTENTIALGermany+ $214M

Transportation’s highest export potential is Malaysia. With an export gap of $89.1M.   Transportation’s highest import potential is Germany with an import gap of $214M.

See methodology.

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