Singapore Car Export Data 2024-25: List of Top Singapore Car Exporters & Exports by Country

In recent years, Singapore has emerged as a key player in the global automotive industry, particularly in the arena of car exports. The city-state boasts a robust infrastructure, skilled workforce, and strategic location that make it an ideal hub for exporting vehicles to countries all over the world. According to the Singapore export data and Singapore car export data, the total value of Singapore car exports reached $395.68 million in 2024, a 1% increase from the previous year. In the first quarter of 2025, Singapore exported cars worth $113.63 million. As per the global trade data, Singapore is the 42nd largest car exporter in the world. In this article, we will delve into the Singapore car export data for the years 2024-25 and highlight the top Singapore car exporters and their exports by country.   

Singapore Car Exports by Country: Top 10 Car Export Destinations of Singapore

Singapore's car exports exhibit a robust performance, with various countries serving as top export destinations. The top 10 car export destinations of Singapore include prominent markets such as Indonesia, Malaysia, Thailand, and the United States, as per the data on Singapore car exports by Country. These destinations not only highlight Singapore's strategic positioning but also underscore the country's strong presence in the global automotive and car trading landscape. The top 10 car export destinations of Singapore, as per Singapore exports statistics and Singapore shipment data for 2024-25, include:

1. Indonesia: $71.81 million (18.2%)

Indonesia emerges as the top destination for Singapore's car exports, accounting for a sizeable 18.2% of the total export value. With a strong demand for vehicles in Indonesia, Singapore has established itself as a reliable supplier of cars to this neighboring country.

2. Brunei Darussalam: $65.73 million (16.6%)

Coming in at a close second is Brunei Darussalam, with a significant share of 16.6% of Singapore's car exports. The strong economic ties between Singapore and Brunei have facilitated the smooth flow of cars between the two countries.

3. Malaysia: $60.39 million (15.3%)

Malaysia is another key destination for Singapore's car exports, accounting for 15.3% of the total export value. The proximity of the two countries and the well-established trade relations contribute to the high volume of cars exported to Malaysia.

4. Thailand: $24.03 million (6.1%)

Thailand holds the fourth position in the list of top car export destinations of Singapore, with a share of 6.1% of the total export value. The demand for Singaporean cars in Thailand is driven by factors such as quality and reliability.

5. Tanzania: $23.32 million (5.9%)

Tanzania emerges as a significant market for Singapore's car exports, representing 5.9% of the total export value. The growing economy and increasing disposable income in Tanzania have fueled the demand for cars, making it a lucrative market for Singapore.

6. Vietnam: $23.26 million (5.9%)

Vietnam holds a comparable share of 5.9% of Singapore's car exports, making it a key destination in the region. The expanding middle class in Vietnam has contributed to the rising demand for cars, providing ample opportunities for Singaporean exporters.

7. United Kingdom: $16.27 million (4.1%)

Moving beyond the Asian region, the United Kingdom stands out as a notable destination for Singapore's car exports, with a share of 4.1% of the total export value. The strong historical ties between the two countries have paved the way for a steady flow of cars from Singapore to the UK.

8. USA: $15.07 million (3.8%)

The USA retains its position as a prominent market for Singapore's car exports, accounting for 3.8% of the total export value, as per the data on US car imports from Singapore. The demand for luxury and high-quality cars in the US market makes it an attractive destination for Singaporean car manufacturers.

9. Cambodia: $11.77 million (3%)

Cambodia emerges as a growing market for Singapore's car exports, capturing a 3% share of the total export value. The increasing urbanization and rising purchasing power in Cambodia have created a conducive environment for the sale of Singaporean cars.

10. United Arab Emirates: $10.04 million (2.5%)

Rounding off the top 10 list is the United Arab Emirates, with a share of 2.5% of Singapore's car exports. The UAE's status as a hub of luxury and high-end cars makes it an attractive market for Singaporean car exporters.

List of Top Car Exporters in Singapore: Singapore Car Exporters Database 2025

The Singapore Car Exporters Database provides a comprehensive list of the top car exporters in Singapore, showcasing the industry leaders in the market. This database serves as a valuable resource for businesses and individuals looking to engage with reputable car exporters in Singapore. The leading car exporters in Singapore, as per the Singapore car exporters data & Singapore suppliers list for cars, in 2024-25, include: 

Singapore Car Exports in the Last 10 Years: Historical Singapore Car Export Data

Singapore Car Market Makes a Roaring Comeback in 2024

After a decline in 2021, the Singapore Car Market recovered in 2024, reporting 43,022 units sold, a 42.4% increase.  With 7,876 sales (+8.7%) as of December 2024, Toyota remained the top brand, followed by BYD (6,191 sales +337.2%), Mercedes (5,101 sales +18.2%), and BMW (5,071 sales +47.6%).  Hyundai came in second with 2,053 sales (+79.6%), Nissan in eighth with 1,638 sales (+22.6%), and Honda in fifth place with 3,892 registrations (+47.9%). Tesla came in sixth with 2,384 units sold (+153.3%).  With 1,260 sales (+7.1%), Mazda took ninth place, and Kia finished in the top 10 with 1,214 registered vehicles (+13%).  When comparing individual models, the Mazda3 increased by 22.9%, while the Toyota Corolla took first place with a growth of 31.4% from the year before.

Singapore Car Export Market Overview & Context

Singapore is unique in the global automotive landscape. Lacking domestic auto manufacturing, it has developed a high-turnover market driven by policies that push vehicle renewal every 10 years via the Certificate of Entitlement (COE). This system, combined with the Preferential Additional Registration Fee (PARF) rebates, yields a steady supply of high-quality used cars for export, making Singapore the second-largest exporter of used vehicles worldwide, trailing only Japan.

Export volumes remain substantial: in 2024, Singapore shipped 28,000 passenger cars worth USD 392 million, just shy of its peak (42,000 cars in 2020). Across the 2023–2024 twelve-month span, there were 6,174 shipments to 890 buyers, marking a –44 % volume decline from the previous year. Yet, export value held steady due to higher average prices and vehicle quality.

Quantitative Singapore Car Exports Analysis

Passenger Cars (HS 8703)

• 2024 Volume: 28,000 units

• 2024 Value: USD 395 million ($14,000/unit average). 

• Year-over-Year Trends: +1 % from 2023; an inclining CAGR (2020–23): –0.8 %

Despite falling volume, price stability suggests Singapore's used-car exports remain positioned well as higher-end entries.

Goods Vehicles (HS 8704)

• 2023 Export Value: Dominated by China (32% of total, USD 15.8 M), followed by Philippines (17%) & Vietnam (8%).

• Volume to India: SGD 244,000 worth in 2023

Goods vehicles form a smaller but dynamically growing segment, often involving commercial fleet turnover under the Early Turnover Scheme (ETS).

Auto Parts & Components

• Transmissions (HS 870840): Top destinations include the Philippines (USD 1.82 M/ton), China, Malaysia, Belgium, and Hong Kong.

• Seats (HS 940120): Exports valued at USD 2.03 M in 2024, with Luxembourg, Australia, Indonesia, India, and Thailand as top markets. 

Singapore is also emerging as a regional hub for automotive parts manufacturing and distribution, hosting MNC procurement and trade centers.

Singapore’s Destination Markets for Passenger Cars by Shipment

Top importers of Singapore’s used passenger cars in 2023:

1. Malaysia – 7,900 units

2. Tanzania – 3,800 units

3. Indonesia – 2,000 units

4. Brunei – 2,000 units

5. Others: South Africa, UK, UAE, USA, Kenya, Jamaica. 

These numbers highlight a mix of regional Southeast Asian demand and secondary-market exports to Africa and occasional shipments to Europe and North America.

Goods Vehicles & Parts

• Goods vehicle exports flow heavily to China, the Philippines, and Vietnam. 

• Transmissions are exported largely to the Philippines, China, Malaysia, and Belgium. 

• Seats destined predominantly for luxury car markets in Luxembourg and Australia, followed by emerging markets like Indonesia and India.

Underlying Drivers

COE & Turnover Incentives

• The COE system enforces vehicle turnover every decade unless renewed (expensive).

• Owners typically deregister by age 10 to claim PARF rebates, leading to a consistent supply of high-quality used cars. 

• Exporting became more economically attractive than continued ownership, especially for luxury and mid-tier vehicles.

Early Turnover Scheme (ETS)

• Aimed at commercial vehicles, the ETS accelerates fleet renewal to cleaner models.

• A spike in goods-vehicle exports in 2025 is likely as companies turn over fleets ahead of the December 2025 ETS deadline.

EV Adoption & Policy Alignment

• By May 2025, EVs comprised 35% of new registrations, and EV sales are projected to rise 36% yoy, reaching ~22,200 units. 

• The government’s Green Plan 2030 targets 60,000 charging stations and all new cars from 2030 to be cleaner energy vehicles. 

• Local EV assembly at Hyundai’s Jurong facility (since Jan 2023) and growing battery EV imports further shape export dynamics. 

Regional Trade Dynamics

• Singapore’s FTA network (India, ASEAN, China, Australia, EU, UK, US) provides duty-free access and incentivizes transhipment of vehicle parts. 

• Despite global trade headwinds, NODX (non-oil domestic exports) dropped 0.9% yoy in the first 10 months of 2024, and automotive remains fairly resilient. 

Trends, Risks & Future Path

Sustained Used-Car Export Volumes

• Expect stable high export volumes (25–35k units/year), anchored by COE expiries and growing fleet turnovers.

• The forecast suggests 100k used-car exports annually, consistent with historical output. 

EV-Driven Shifts

• A growing share of exported vehicles may be EVs, especially as older ICE vehicles are deregistered.

• Exporters could pivot toward RHD-friendly EV markets (Malaysia, NZ, UK, Africa), capitalizing on Singapore’s clean vehicle supply.

Commercial Vehicle Export Uptick

• ETS-driven deregistration of old fleets yields a timely surge in goods-vehicle exports in 2025.

• Demand from construction-heavy markets (Philippines, Vietnam, China) is expected to stay strong. 

Global Trade Risks

• Protective tariffs, especially from the US or China, might dampen demand for commercial vehicles.

• Fluctuating shipping costs and trade disruptions can squeeze margins for exporters.

Parts Distribution & Manufacturing

• Singapore’s emerging role as a trade hub for transmissions and seats could expand, with exports to Europe (Belgium, Luxembourg), North America, and emerging markets.

• Corporate presence of MNC auto-part giants reinforces this trend. 

Major Insights & Outlook

Singapore’s car exports in 2024–2025 reflect a multi-layered, policy-driven ecosystem:

• Volume baseline (25–30k used passenger cars) is rooted in COE cycles and high vehicle quality.

• Goods vehicles are poised for 2025 growth via ETS-driven fleet clearance.

• EVs are emerging—SGs used EVs could lead regional RHD markets as domestic ICE cars age out.

• Parts and components exports (transmissions, seats) anchor Singapore’s extended automotive hub functions.

• Risks include global trade friction, shipping volatility, and domestic policy shifts.

Projections & Strategic Indicators

Strategic Opportunities

• EV refurbishing & certification: Giving resale value back to Singapore’s quality EVs in secondary markets,

• Trade partnerships: Expanding trucks & parts exports to markets like ASEAN, Africa, Latin America,

• Infrastructure leverage: Positioning Singapore as a pivot for EV trade in Southeast Asia.

Key Takeaways of Singapore Car Export Data

• Singapore exported 28k passenger cars (USD 395M) in 2024, with core markets in Southeast Asia and Africa.

• Policy-driven turnover (COE & ETS) keeps the export pipeline strong through 2025.

• Goods vehicle exports will accelerate under the 2025 ETS deadline.

• EVs and parts exports are emerging growth vectors, backed by policy alignment.

• Trade-smart infrastructure and EV-readiness make Singapore a rare and resilient automotive export center.  

Conclusion and Final Thoughts 

In conclusion, the Singapore car export data is expected to show a positive trend in exports, with top Singapore car exporters leading the way in supplying high-quality vehicles to customers worldwide. As Singapore continues to establish itself as a key player in the global automotive industry, the future looks bright for the country's car export sector. With a strong focus on quality, innovation, and sustainability, Singaporean car exporters are well-positioned to meet the growing demand for vehicles in key markets globally.

We hope that you liked our insightful & data-driven blog report on Singapore car exports 2025. For more such reports on the latest Singapore import-export data or to search live global trade data by country, visit TradeImeX. Contact us at info@tradeimex.in to get a customized trade database report of cars, along with a verified list of the top car exporters in Singapore, as per your business needs.