2022
Exports
$1.08BWorld Rnk 19 / 224
Flag Rnk 50 / 1198
2022
PRODUCT COMPLEXITY IN Valves
1.35Rnk 81 / 1025
2022
Imports
$1.84BWorld Rnk 15 / 224
Flag Rnk 29 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $1.08B in Valves, making it the 19th largest exporter of Valves in the world. At the same year, Valves was the 50th most exported product in Singapore. The main destination of Valves exports from Singapore are: China ($156M), Malaysia ($113M), Indonesia ($107M), Saudi Arabia ($77.3M), and United States ($71.8M).

The fastest growing export markets for Valves of Singapore between 2021 and 2022 were China ($64.5M), Kuwait ($28.8M), and United States ($26M).

Imports In 2022, Singapore imported $1.84B in Valves, becoming the 15th largest importer of Valves in the world. At the same year, Valves was the 29th most imported product in Singapore. Singapore imports Valves primarily from: United States ($425M), China ($274M), Germany ($149M), Malaysia ($145M), and Japan ($140M).

The fastest growing import markets in Valves for Singapore between 2021 and 2022 were China ($48.2M), United Kingdom ($35.4M), and Indonesia ($23.3M).

COMPANIES In 2023, leading companies such as CONTINENTAL AUTOMOTIVE SYSTEMS, INC (42), BOEING (1), and Team Hardinger (1) were at the forefront of shipping Valves from Singapore to the United States.

Latest Trends

Sep 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 Valves. 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)$1.08B
IMPORTS (2022)$1.84B
NET TRADE (2022)-$765M

In 2022, Singapore exported $1.08B in Valves. The main destinations of Singapore exports on Valves were China ($156M), Malaysia ($113M), Indonesia ($107M), Saudi Arabia ($77.3M), and United States ($71.8M).

In 2022, Singapore imported $1.84B in Valves, mainly from United States ($425M), China ($274M), Germany ($149M), Malaysia ($145M), and Japan ($140M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
China$64.5M (70.8%)
Kuwait$28.8M (257%)
United States$26M (56.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Singapore WERE (2021 - 2022):
United Arab Emirates-$41.6M (-37.6%)
Indonesia-$18M (-14.4%)
Brunei-$15.3M (-51.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Valves were:
In 2022, Singapore's main importing competitors in Valves were:

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $49.1M
TOP IMPORT POTENTIALChina+ $99.8M

Valves’s highest export potential is China. With an export gap of $49.1M.   Valves’s highest import potential is China with an import gap of $99.8M.

See methodology.

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