2022
Exports
$58.2MWorld Rnk 38 / 167
Flag Rnk 286 / 1198
2022
PRODUCT COMPLEXITY IN Tractors
0.95Rnk 194 / 1025
2022
Imports
$68.7MWorld Rnk 85 / 215
Flag Rnk 395 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $58.2M in Tractors, making it the 38th largest exporter of Tractors in the world. At the same year, Tractors was the 286th most exported product in Singapore. The main destination of Tractors exports from Singapore are: Australia ($15M), Indonesia ($14.1M), United States ($10.5M), South Korea ($5.43M), and Netherlands ($2.9M).

The fastest growing export markets for Tractors of Singapore between 2021 and 2022 were Indonesia ($13.9M), Australia ($11.6M), and United States ($10.4M).

Imports In 2022, Singapore imported $68.7M in Tractors, becoming the 85th largest importer of Tractors in the world. At the same year, Tractors was the 395th most imported product in Singapore. Singapore imports Tractors primarily from: United States ($18.3M), Japan ($11.1M), Malaysia ($11M), Netherlands ($10.1M), and Sweden ($5.75M).

The fastest growing import markets in Tractors for Singapore between 2021 and 2022 were United States ($17.8M), Sweden ($5.18M), and Netherlands ($5M).

COMPANIES In 2023, leading companies such as CNH Industrial (14) were at the forefront of shipping Tractors from Singapore to the United States.

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 Tractors. 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)$58.2M
IMPORTS (2022)$68.7M
NET TRADE (2022)-$10.5M

In 2022, Singapore exported $58.2M in Tractors. The main destinations of Singapore exports on Tractors were Australia ($15M), Indonesia ($14.1M), United States ($10.5M), South Korea ($5.43M), and Netherlands ($2.9M).

In 2022, Singapore imported $68.7M in Tractors, mainly from United States ($18.3M), Japan ($11.1M), Malaysia ($11M), Netherlands ($10.1M), and Sweden ($5.75M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tractors EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Indonesia$13.9M (8.56k%)
Australia$11.6M (344%)
United States$10.4M (7.81k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tractors BY Singapore WERE (2021 - 2022):
Sri Lanka-$3.17M (-100%)
Vietnam-$2.9M (-100%)
Turkey-$1.42M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Tractors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.28M
TOP IMPORT POTENTIALChina+ $5.46M

Tractors’s highest export potential is United States. With an export gap of $7.28M.   Tractors’s highest import potential is China with an import gap of $5.46M.

See methodology.

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