2022
Exports
$23.8MWorld Rnk 37 / 152
Flag Rnk 429 / 1198
2022
PRODUCT COMPLEXITY IN Buses
0.074Rnk 528 / 1025
2022
Imports
$33.2MWorld Rnk 79 / 217
Flag Rnk 556 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $23.8M in Buses, making it the 37th largest exporter of Buses in the world. At the same year, Buses was the 429th most exported product in Singapore. The main destination of Buses exports from Singapore are: Thailand ($12.6M), Hong Kong ($4.05M), Australia ($3.3M), United States ($2.01M), and Egypt ($601k).

The fastest growing export markets for Buses of Singapore between 2021 and 2022 were Thailand ($5.29M), United States ($1.62M), and Hong Kong ($813k).

Imports In 2022, Singapore imported $33.2M in Buses, becoming the 79th largest importer of Buses in the world. At the same year, Buses was the 556th most imported product in Singapore. Singapore imports Buses primarily from: China ($14.4M), Japan ($6.11M), Thailand ($6.1M), Malaysia ($5.07M), and Germany ($1.19M).

The fastest growing import markets in Buses for Singapore between 2021 and 2022 were China ($10M), Thailand ($4.32M), and Japan ($3.12M).

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 Buses. 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)$23.8M
IMPORTS (2022)$33.2M
NET TRADE (2022)-$9.41M

In 2022, Singapore exported $23.8M in Buses. The main destinations of Singapore exports on Buses were Thailand ($12.6M), Hong Kong ($4.05M), Australia ($3.3M), United States ($2.01M), and Egypt ($601k).

In 2022, Singapore imported $33.2M in Buses, mainly from China ($14.4M), Japan ($6.11M), Thailand ($6.1M), Malaysia ($5.07M), and Germany ($1.19M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Buses EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Thailand$5.29M (72.2%)
United States$1.62M (409%)
Hong Kong$813k (25.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buses BY Singapore WERE (2021 - 2022):
Australia-$1.75M (-34.7%)
France-$1.42M (-100%)
Malaysia-$568k (-95.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Buses were:
China $2.64B
Japan $1.95B
Turkey $1.52B
In 2022, Singapore's main importing competitors in Buses were:

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Trade Value of Buses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.26M
TOP IMPORT POTENTIALChina+ $4.01M

Buses’s highest export potential is United States. With an export gap of $1.26M.   Buses’s highest import potential is China with an import gap of $4.01M.

See methodology.

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