2023
Exports
$4.36MWorld Rnk 36 / 129
Flag Rnk 651 / 1202
2023
PRODUCT COMPLEXITY IN Vending Machines
0.74Rnk 269 / 1025
2023
Imports
$8.3MWorld Rnk 40 / 196
Flag Rnk 790 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $4.36M in Vending Machines, making it the 36th largest exporter of Vending Machines in the world. At the same year, Vending Machines was the 651st most exported product in Singapore. The main destination of Vending Machines exports from Singapore are: Malaysia ($2.28M), Thailand ($813k), Chinese Taipei ($477k), Hong Kong ($408k), and United States ($79.4k).

The fastest growing export markets for Vending Machines of Singapore between 2022 and 2023 were Malaysia ($2.01M), Chinese Taipei ($477k), and Hong Kong ($246k).

Imports In 2018, Singapore imported $8.3M in Vending Machines, becoming the 40th largest importer of Vending Machines in the world. At the same year, Vending Machines was the 790th most imported product in Singapore. Singapore imports Vending Machines primarily from: China ($4.95M), Italy ($1.62M), United States ($414k), Chinese Taipei ($270k), and Canada ($258k).

The fastest growing import markets in Vending Machines for Singapore between 2022 and 2023 were China ($2.33M), Italy ($340k), and Spain ($117k).

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 Vending 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 (2023)$4.36M
IMPORTS (2023)$8.3M
NET TRADE (2023)-$3.94M

In 2023, Singapore exported $4.36M in Vending Machines. The main destinations of Singapore exports on Vending Machines were Malaysia ($2.28M), Thailand ($813k), Chinese Taipei ($477k), Hong Kong ($408k), and United States ($79.4k).

In 2023, Singapore imported $8.3M in Vending Machines, mainly from China ($4.95M), Italy ($1.62M), United States ($414k), Chinese Taipei ($270k), and Canada ($258k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Vending Machines EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Malaysia$2.01M (749%)
Chinese Taipei$477k (1%)
Hong Kong$246k (153%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vending Machines BY Singapore WERE (2022 - 2023):
Belgium-$5.81M (-99.8%)
Thailand-$5.53M (-87.2%)
United States-$1.83M (-95.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Vending Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $570k
TOP IMPORT POTENTIALMalaysia+ $227k

Vending Machines’s highest export potential is United States. With an export gap of $570k.   Vending Machines’s highest import potential is Malaysia with an import gap of $227k.

See methodology.

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