2022
Flag  
GDP
$17.4BCURRENT US$
Rnk 124 / 186
2012-2022
Flag
GDP GROWTH
56.2%CURRENT US$
Rnk 48 / 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 
$1,303CURRENT US$
Rnk 161 / 186
2012-2022
Flag
GDP PC GROWTH
17.1%CURRENT US$
Rnk 95 / 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

Benin-Singapore Trade: In 2022, Benin exported $159k to Singapore. The main products that Benin exported to Singapore were Raw Plastic Sheeting ($140k), Excavation Machinery ($10.5k), and Iron Fasteners ($5.57k). Over the past 5 years the exports of Benin to Singapore have decreased at an annualized rate of 49.4%, from $4.81M in 2017 to $159k in 2022.

In 2022, Benin did not export any services to Singapore.

Singapore-Benin Trade: In 2022, Singapore exported $22.6M to Benin. The main products that Singapore exported to Benin were Rice ($10.1M), Palm Oil ($2.41M), and Hot-Rolled Iron Bars ($1.95M). Over the past 5 years the exports of Singapore to Benin have decreased at an annualized rate of 5.58%,  from $30.1M in 2017 to $22.6M in 2022.

In 2022, Singapore did not export any services to Benin.

Comparison: In 2022,  Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). 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, Benin exported $159k to Singapore. The main products exported from Benin to Singapore were Raw Plastic Sheeting ($140k), Excavation Machinery ($10.5k), and Iron Fasteners ($5.57k). During the last 5 years the exports of Benin to Singapore have decreased at an annualized rate of 49.4%, from $4.81M in 2017 to $159k in 2022.

In 2017, Singapore exported $22.6M to Benin. The main products exported from Singapore to Benin were Rice ($10.1M), Palm Oil ($2.41M), and Hot-Rolled Iron Bars ($1.95M). During the last 5 years the exports of Singapore to Benin have decreased at an annualized rate of 5.58%, from $30.1M in 2022 to $22.6M in 2017.

Exports from Benin (Flag) to Singapore (Flag) (2022)

Exports from Singapore (Flag) to Benin (Flag) (2022)

Latest Data

Trade between Benin (Flag) and Singapore (Flag)

Benin Exports

Singapore Exports

Market Competitiveness

Color
Benin
Top Destination
India$448M
Singapore
Top Destination
Hong Kong$51.6B

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

In 2022, countries that imported more from Benin than Singapore included Chad ($28M), Niger ($16.9M), and Mali ($7.69M).

In 2022, countries that imported more from Singapore than Benin included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

Difference in imports from Singapore (Flag) and Benin (Flag) (2022)

Comparative Advantage Benin - Singapore

Flow
Scale

This chart compares trade between Benin and Singapore by product, considering products traded by both, Benin and Singapore.

During 2022, Benin had a large net trade with Singapore in the exports of Plastics and Rubbers ($140k), Machines ($10.5k), and Metals ($5.57k).

During 2017, Singapore had a large net trade with Benin in the exports of Vegetable Products ($10.4M), Metals ($4.45M), and Animal and Vegetable Bi-Products ($2.41M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Benin Singapore+$115kRaw Plastic Sheeting
Top Product Potential Singapore Benin+$1.56MRefined 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 Benin and Singapore. This means that a dot/product with the flag of Benin indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Benin.

Product Space of Benin (Flag) and Singapore (Flag) (2022)

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