T3 · Product exporter position

Singapore exports of Floating or submersible drilling or production platforms (HS 890520)

See where Singapore stands in floating or submersible drilling or production platforms: export scale, destination breadth, market position, growth, and reported trade history.

Exporter SGPHS6 890520Latest year 2024Declining

Latest exports

$8.4BLatest observed lane total

Destination markets

9Reported active markets

Three-year growth

-10%Annualized change

Destination HHI

562Destination concentration

Weighted share

88.6%Reported market position

Exporter evidence

How strong is Singapore in Floating or submersible drilling or production platforms?

Reported exporter totals and calculated indicators for HS 890520. Values retain their observed coverage period.

Exporter scale

Latest exports$8.4B
Current 2024 exports$405.5M
Three-year average$1.3B
Historical peak$13.9B

Market position

Active destinations9
Destination HHI562
Weighted share88.6%
Share change+43.6 pp

Competitiveness

Three-year growth-10%
Volatility0.5
Maximum drawdown29.2%
TrendDeclining
MeasureValueWhat it describes
ExporterSingaporeCountry represented by this profile
Latest observed exports$8.4BSum of latest observed destination-lane values
Current 2024 exports$405.5MCommon-year comparison where reported
Three-year growth-10%Annualized change in exporter totals
Five-year growth-7.3%Annualized change in exporter totals
Leading destinationUSADestination with the largest observed export value
Leading destination share11.3%Share of observed exporter totals
Destination concentration562HHI across destination markets
Weighted share change+43.6 ppValue-weighted latest change in market share
Limited-history lanes65.1%Share of lanes with shorter history

Destination markets

Where does Singapore sell floating or submersible drilling or production platforms?

Leading destination observations ranked by reported export value, with market position and access context.

DestinationLatest exportsMarket shareGrowthAccessSignal
USA, Puerto Rico and US Virgin Islands$955.2M100%+228.3%FTA reportedAccelerating
Angola$468.3M100%+54.8%0.1% tariffAccelerating
Netherlands$385.5M99.5%+0%FTA reportedDeclining
United Arab Emirates$236.8M28.2%+95.4%FTA reportedAccelerating
Denmark$226.8M94.3%+0.1%FTA reportedGrowing
Equatorial Guinea$202.6M44.4%+0%Not reportedDeclining
Norway$180.2M99.7%+24.9%FTA reportedStable
United Kingdom$168.5M51.4%-13.7%FTA reportedGrowing
Marshall Isds$146.2M100%+0%Not reportedDeclining
Sri Lanka$100.6M100%+0%0.2% tariffDeclining

Destination

USA, Puerto Rico and US Virgin Islands

Latest exports
$955.2M
Market share
100%
Growth
+228.3%
Access
FTA reported
Signal
Accelerating

Destination

Angola

Latest exports
$468.3M
Market share
100%
Growth
+54.8%
Access
0.1% tariff
Signal
Accelerating

Destination

Netherlands

Latest exports
$385.5M
Market share
99.5%
Growth
+0%
Access
FTA reported
Signal
Declining

Destination

United Arab Emirates

Latest exports
$236.8M
Market share
28.2%
Growth
+95.4%
Access
FTA reported
Signal
Accelerating

Destination

Denmark

Latest exports
$226.8M
Market share
94.3%
Growth
+0.1%
Access
FTA reported
Signal
Growing

Destination

Equatorial Guinea

Latest exports
$202.6M
Market share
44.4%
Growth
+0%
Access
Not reported
Signal
Declining

Destination

Norway

Latest exports
$180.2M
Market share
99.7%
Growth
+24.9%
Access
FTA reported
Signal
Stable

Destination

United Kingdom

Latest exports
$168.5M
Market share
51.4%
Growth
-13.7%
Access
FTA reported
Signal
Growing

Destination

Marshall Isds

Latest exports
$146.2M
Market share
100%
Growth
+0%
Access
Not reported
Signal
Declining

Destination

Sri Lanka

Latest exports
$100.6M
Market share
100%
Growth
+0%
Access
0.2% tariff
Signal
Declining

Price intelligence

How does Singapore's price position vary?

Price comparisons are shown where market-level unit-value observations are available. They describe reported trade values and quantities, not quoted selling prices.

Highest reported price

Guyana: $6.0M / ton.

Lowest reported price

Qatar: $434.5 / ton.

Median price

$8.4K / ton across reported markets.

Export trend

Reported export history

Annual observations for Singapore and HS 890520 where available.

YearExportsYear-on-year changeActive destinations
2010$2.4B-26.4%14
2011$4.7B+98.4%19
2012$3.0B-36.2%17
2013$2.3B-23.8%18
2014$1.7B-27%18
2015$1.7B+4.3%13
2016$688.8M-60.6%15
2017$1.1B+61.7%12
2018$1.3B+16.2%13
2019$593.7M-54.1%7
2020$187.3M-68.5%8
2021$555.4M+196.6%11
2022$2.3B+306%11
2023$1.2B-45%10
2024$405.5M-67.3%9

Exporter context

Singapore economy and trade network

The exporter profile adds country-level trade and structural context to the selected product position. These indicators describe the country overall and are not limited to HS 890520.

Singapore has reported exports of $403.3B and a trade balance of -$23.8B in 2024.

Available structural indicators include 204.3% trade openness, 27.3% investment, and 270 active trade partners.

Reported values

Export totals and destination values describe reported merchandise trade for the stated exporter, HS6 classification, and available year.

Calculated indicators

Growth, concentration, weighted share, volatility, drawdown, and price comparisons are calculated from reported observations.

Coverage

Missing values remain “Not reported”. Country-level indicators are presented separately from product-level observations.

Frequently asked questions

Questions about Singapore floating or submersible drilling or production platforms exports

Quick answers based on the figures and coverage shown on this page.

How strong is this exporter?

Use latest exports, destination breadth, growth, concentration, and weighted share together rather than relying on one measure.

Which markets are most important?

The destination table ranks reported markets by the latest observed export value.

Does the price section show quotes?

No. It summarizes reported trade value and quantity observations converted to unit values.

What should be checked next?

Compare this exporter with buyer markets, corridors, and the product overview before making a commercial decision.