Key Market Indicators
Singapore's transformer exports are projected to reach $1.6 billion by 2026, up 0.8% year on year, according to a new report. In 2021, Singapore was ranked 15th in the world with exports of $1.5 billion. India was the highest, followed by Germany, the US, and Japan. Meanwhile, Singapore's transformer imports are projected to reach $1.8 billion by 2026, up 0.8% year on year. In 2021, Singapore was the 13th largest importer with imports of $1.7 billion. Italy was the highest, followed by China, Germany and Mexico. Since 1994, Singapore's supply and demand for transformers have grown 2.9% and 1.9% year on year, respectively.
