2022
Exports
$7.72MWorld Rnk 28 / 200
Flag Rnk 614 / 1198
2022
PRODUCT COMPLEXITY IN Wrenches
1.67Rnk 30 / 1025
2022
Imports
$28.3MWorld Rnk 30 / 219
Flag Rnk 593 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $7.72M in Wrenches, making it the 28th largest exporter of Wrenches in the world. At the same year, Wrenches was the 614th most exported product in Singapore. The main destination of Wrenches exports from Singapore are: Indonesia ($1.28M), India ($1.25M), China ($780k), Malaysia ($768k), and Germany ($339k).

The fastest growing export markets for Wrenches of Singapore between 2021 and 2022 were Indonesia ($423k), Germany ($278k), and Malaysia ($252k).

Imports In 2022, Singapore imported $28.3M in Wrenches, becoming the 30th largest importer of Wrenches in the world. At the same year, Wrenches was the 593rd most imported product in Singapore. Singapore imports Wrenches primarily from: China ($9.23M), United States ($7.06M), Brunei ($3.23M), Chinese Taipei ($2.21M), and Germany ($1.35M).

The fastest growing import markets in Wrenches for Singapore between 2021 and 2022 were China ($5.33M), Brunei ($3.19M), and United States ($1.03M).

COMPANIES In 2023, leading companies such as At Home Procurement (4), ABB Motors and Mechanical (2), and Linak (1) were at the forefront of shipping Wrenches from Singapore to the United States.

Latest Trends

Aug 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 Wrenches. 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)$7.72M
IMPORTS (2022)$28.3M
NET TRADE (2022)-$20.6M

In 2022, Singapore exported $7.72M in Wrenches. The main destinations of Singapore exports on Wrenches were Indonesia ($1.28M), India ($1.25M), China ($780k), Malaysia ($768k), and Germany ($339k).

In 2022, Singapore imported $28.3M in Wrenches, mainly from China ($9.23M), United States ($7.06M), Brunei ($3.23M), Chinese Taipei ($2.21M), and Germany ($1.35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Indonesia$423k (49.3%)
Germany$278k (457%)
Malaysia$252k (48.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Singapore WERE (2021 - 2022):
Philippines-$154k (-38.5%)
Papua New Guinea-$149k (-99.6%)
Thailand-$109k (-34.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $291k
TOP IMPORT POTENTIALChina+ $2.52M

Wrenches’s highest export potential is United States. With an export gap of $291k.   Wrenches’s highest import potential is China with an import gap of $2.52M.

See methodology.

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