China (CHN) and Singapore (SGP) Trade

About

China-Singapore: In 2018, China exported $47.2B to Singapore. The main products that China exported to Singapore are Refined Petroleum ($8.08B), Integrated Circuits ($4.84B), and Office Machine Parts ($3.27B). During the last 23 years the exports of China to Singapore have increased at an annualized rate of 11.4%, from $3.96B in 1995 to $47.2B in 2018.

In 2018, China did not exported services to Singapore.

Singapore-China: In 2018, Singapore exported $44.3B to China . The main products that Singapore exported to China were Integrated Circuits ($9.76B), Refined Petroleum ($3.44B), and Ethylene Polymers ($2.43B). During the last 23 years the exports of China to Singapore have increased at an annualized rate of 11.4%, from $3.96B in 1995 to $47.2B in 2018.

In 2017, Singapore exported services to China worth $9.95B, with Transportation ($6.42B), Other business services ($2.63B), and Royalties and license fees ($415M) being the largest in terms of value.

Comparison: In 2018, China ranked 30 in the Economic Complexity Index (ECI 0.89), and 1 in total exports ($2.59T). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.71), and 17 in total exports ($323B).

Product Trade

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Bilateral Trade by Products

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Depth

Value

Year

In 2018, China exported $47.2B to Singapore. The main products exported from China to Singapore were Refined Petroleum ($8.08B), Integrated Circuits ($4.84B), and Office Machine Parts ($3.27B). During the last 23 years the exports of China to Singapore have increased at an annualized rate of 11.4%, from $3.96B in 1995 to $47.2B in 2018.

In 2018, Singapore exported $44.3B to China. The main products exported from Singapore to China were Integrated Circuits ($9.76B), Refined Petroleum ($3.44B), and Ethylene Polymers ($2.43B). During the last 23 years the exports of Singapore to China have increased at an annualized rate of 11.9%, from $3.34B in 1995 to $44.3B in 2018.

Latest Data

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Date

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Market Competitiveness

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Measure

SectionYear

China
Top Destination: United States, $499B

Singapore
Top Destination: China, $44.3B

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

In 2018, countries that imported more from China than Singapore were United States ($499B), Hong Kong ($282B), and Japan ($155B).

In 2018, countries that imported more from Singapore than China were Zimbabwe ($1.24B), Guam ($357M), and New Caledonia ($348M).

Comparative Advantage China - Singapore

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Depth

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

During 2018, China had a large net trade with Singapore in the exports of Machines ($24.1B), Mineral Products ($8.22B), and Metals ($3.1B).

During 2018, Singapore had a large net trade with China in the exports of Machines ($18.3B), Chemical Products ($6.51B), and Plastics and Rubbers ($5.44B).

Forecasts

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Trade Forecasts

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This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

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Service Trade

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Bilateral Service Trade

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Sgp Year

In 2017, Singapore exported services to China worth $9.95B, with Transportation ($6.42B), Other business services ($2.63B), and Royalties and license fees ($415M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red. This mean that the more blue a dot/product is, the more China has comparative advantage over Singapore. Similarly, the more red a dot/product is, the more Singapore has comparative advantage over China.

About

Product Trade

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage China - Singapore

Forecasts

Trade Forecasts

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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