2022
Flag  
GDP
$508BCURRENT US$
Rnk 28 / 186
2012-2022
Flag
GDP GROWTH
32%CURRENT US$
Rnk 93 / 186
2022
Flag
 GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC 
$53,758CURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP PC GROWTH
21.1%CURRENT US$
Rnk 81 / 186
2022
Flag
GDP PC
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186

About

United Arab Emirates-Singapore Trade: In 2022, United Arab Emirates exported $8.61B to Singapore. The main products that United Arab Emirates exported to Singapore were Crude Petroleum ($8.22B), Refined Petroleum ($4.07B), and Gold ($743M). Over the past 5 years the exports of United Arab Emirates to Singapore have increased at an annualized rate of 46.8%, from $1.26B in 2017 to $8.61B in 2022.

In 2022, United Arab Emirates did not export any services to Singapore.

Singapore-United Arab Emirates Trade: In 2022, Singapore exported $2.71B to United Arab Emirates. The main products that Singapore exported to United Arab Emirates were Jewellery ($630M), Gas Turbines ($595M), and Broadcasting Equipment ($574M). Over the past 5 years the exports of Singapore to United Arab Emirates have increased at an annualized rate of 26.5%,  from $836M in 2017 to $2.71B in 2022.

In 2022, Singapore did not export any services to United Arab Emirates.

Comparison: In 2022,  United Arab Emirates ranked 53 in the Economic Complexity Index (ECI 0.24), and 18 in total exports ($402B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Arab Emirates exported $8.61B to Singapore. The main products exported from United Arab Emirates to Singapore were Crude Petroleum ($8.22B), Refined Petroleum ($4.07B), and Gold ($743M). During the last 5 years the exports of United Arab Emirates to Singapore have increased at an annualized rate of 46.8%, from $1.26B in 2017 to $8.61B in 2022.

In 2017, Singapore exported $2.71B to United Arab Emirates. The main products exported from Singapore to United Arab Emirates were Jewellery ($630M), Gas Turbines ($595M), and Broadcasting Equipment ($574M). During the last 22 years the exports of Singapore to United Arab Emirates have increased at an annualized rate of 26.5%, from $836M in 1995 to $2.71B in 2017.

Exports from United Arab Emirates (Flag) to Singapore (Flag) (2022)

Exports from Singapore (Flag) to United Arab Emirates (Flag) (2022)

Latest Data

Trade between United Arab Emirates (Flag) and Singapore (Flag)

United Arab Emirates Exports

Singapore Exports

Market Competitiveness

Color
United Arab Emirates
Top Destination
India$51B
Singapore
Top Destination
Hong Kong$51.6B

This map shows whether countries import more from United Arab Emirates or Singapore. Each country is colored based on the difference in imports they receive from United Arab Emirates and Singapore or the difference in the growth in imports.

In 2022, countries that imported more from United Arab Emirates than Singapore included India ($51B), Japan ($40.9B), and Saudi Arabia ($27.8B).

In 2022, countries that imported more from Singapore than United Arab Emirates included Hong Kong ($51.6B), Malaysia ($35.9B), and United States ($28.9B).

Difference in imports from Singapore (Flag) and United Arab Emirates (Flag) (2022)

Comparative Advantage United Arab Emirates - Singapore

Flow
Scale

This chart compares trade between United Arab Emirates and Singapore by product, considering products traded by both, United Arab Emirates and Singapore.

During 2022, United Arab Emirates had a large net trade with Singapore in the exports of Mineral Products ($12.3B), Precious Metals ($1.06B), and Machines ($569M).

During 2017, Singapore had a large net trade with United Arab Emirates in the exports of Machines ($1.71B), Precious Metals ($1.02B), and Chemical Products ($686M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Arab Emirates Singapore+$233MRefined Petroleum
Top Product Potential Singapore United Arab Emirates+$155MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United Arab Emirates and Singapore. This means that a dot/product with the flag of United Arab Emirates indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over United Arab Emirates.

Product Space of United Arab Emirates (Flag) and Singapore (Flag) (2022)

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