2023
Flag  
GDP
$343BCURRENT US$
Rnk 44 / 195
2013-2023
Flag
GDP GROWTH
61.1%CURRENT US$
Rnk 55 / 195
2023
Flag
 GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC 
$31,591CURRENT US$
Rnk 45 / 195
2013-2023
Flag
GDP PC GROWTH
55.9%CURRENT US$
Rnk 36 / 195
2023
Flag
GDP PC
$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 195

About

Czechia-Singapore Trade: In 2023, Czechia exported $653M to Singapore. The main products that Czechia exported to Singapore were Office Machine Parts ($142M), Broadcasting Equipment ($87.7M), and Computers ($57.7M). Over the past 5 years the exports of Czechia to Singapore have increased at an annualized rate of 7.04%, from $465M in 2018 to $653M in 2023.

In 2019, Czechia exported services to Singapore worth $70.9M, with Computer and information services ($33.5M), Transportation ($16.3M), and Other business services ($15.4M) being the largest in terms of value.

Singapore-Czechia Trade: In 2023, Singapore exported $340M to Czechia. The main products that Singapore exported to Czechia were Office Machine Parts ($42.5M), Integrated Circuits ($28.8M), and Gas Turbines ($28.2M). Over the past 5 years the exports of Singapore to Czechia have decreased at an annualized rate of 5.98%,  from $462M in 2018 to $340M in 2023.

In 2023, Singapore did not export any services to Czechia.

Comparison: In 2023,  Czechia ranked 7 in the Economic Complexity Index (ECI 1.6), and 30 in total exports ($224B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Czechia exported $653M to Singapore. The main products exported from Czechia to Singapore were Office Machine Parts ($142M), Broadcasting Equipment ($87.7M), and Computers ($57.7M). During the last 5 years the exports of Czechia to Singapore have increased at an annualized rate of 7.04%, from $465M in 2018 to $653M in 2023.

In 2018, Singapore exported $340M to Czechia. The main products exported from Singapore to Czechia were Office Machine Parts ($42.5M), Integrated Circuits ($28.8M), and Gas Turbines ($28.2M). During the last 5 years the exports of Singapore to Czechia have decreased at an annualized rate of 5.98%, from $462M in 2023 to $340M in 2018.

Exports from Czechia (Flag) to Singapore (Flag) (2023)

Exports from Singapore (Flag) to Czechia (Flag) (2023)

Latest Data

Trade between Czechia (Flag) and Singapore (Flag)

Czechia Exports

Singapore Exports

Market Competitiveness

Color
Czechia
Top Destination
Germany$64.2B
Singapore
Top Destination
Hong Kong$44.5B

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

In 2023, countries that imported more from Czechia than Singapore included Germany ($64.2B), Slovakia ($15.8B), and Poland ($13.8B).

In 2023, countries that imported more from Singapore than Czechia included Hong Kong ($44.5B), China ($36.7B), and Malaysia ($31.4B).

Difference in imports from Singapore (Flag) and Czechia (Flag) (2023)

Comparative Advantage Czechia - Singapore

Flow
Scale

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

During 2023, Czechia had a large net trade with Singapore in the exports of Machines ($516M), Instruments ($49.6M), and Transportation ($24.2M).

During 2018, Singapore had a large net trade with Czechia in the exports of Machines ($212M), Instruments ($49.6M), and Chemical Products ($40.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Czechia Singapore+$61.9MTelephones
Top Product Potential Singapore Czechia+$50.8MIntegrated Circuits

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 Czechia and Singapore. This means that a dot/product with the flag of Czechia indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Czechia.

Product Space of Czechia (Flag) and Singapore (Flag) (2023)

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