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2022
Flag → Flag
Exports $7.71BRnk 14 / 224
2022
Flag → Flag
Top Product $2.87BGas Turbines
2022
Flag → Flag
Exports $2.53BRnk 23 / 215
2022
Flag → Flag
Top Product $367MGas Turbines
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$82,808CURRENT US$
Rnk 7 / 186
2012-2022
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GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

United Kingdom-Singapore Trade: In 2022, United Kingdom exported $7.71B to Singapore. The main products that United Kingdom exported to Singapore were Gas Turbines ($2.87B), Gold ($1.34B), and Hard Liquor ($461M). Over the past 5 years the exports of United Kingdom to Singapore have increased at an annualized rate of 4.82%, from $6.09B in 2017 to $7.71B in 2022.

In 2019, United Kingdom exported services to Singapore worth $4.29B, with Other business services ($2.59B), Transportation ($500M), and Travel ($468M) being the largest in terms of value.

Singapore-United Kingdom Trade: In 2022, Singapore exported $2.53B to United Kingdom. The main products that Singapore exported to United Kingdom were Gas Turbines ($367M), Nitrogen Heterocyclic Compounds ($232M), and Refined Petroleum ($186M). Over the past 5 years the exports of Singapore to United Kingdom have decreased at an annualized rate of 2.17%,  from $2.82B in 2017 to $2.53B in 2022.

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

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £445M and imported £235M from Singapore, resulting in a positive trade balance of £211M. Between August 2023 and August 2024 the exports of United Kingdom have decreased by £-115M (-20.5%) from £560M to £445M, while imports increased by £49M (26.4%) from £186M to £235M.

Trade In August 2024, the top exports of United Kingdom to Singapore were Gas Turbines (£222M), Hard Liquor (£31.5M), Cars (£12.8M), Transmissions (£10.3M), and Refined Petroleum (£9.63M). In August 2024 the top imports of United Kingdom from Singapore were Gas Turbines (£133M), Refined Petroleum (£29.1M), Precious Metal Scraps (£12.2M), Telephones (£10.4M), and Nucleic Acids (£9.72M).

Origins In August 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£261M), Felixstowe (£32.8M), Southampton (£30.6M), Immingham (£28.3M), and East Midlands Airport (£27.1M), while imports destinations were mainly London Heathrow Airport (£65.5M), East Midlands Airport (£56.3M), Southampton (£40.4M), Felixstowe (£33.5M), and Glasgow Airport (£13.3M).

Growth In August 2024, the decrease in United Kingdom's year-by-year exports to Singapore was explained primarily by an decrease in product exports in Gold (£-217M or -99.4%), Packaged Medicaments (£-2.92M or -44.2%), and Integrated Circuits (£-2.6M or -56.6%). In August 2024, the increase in United Kingdom's year-by-year imports  from Singapore was explained primarily by an increase in product imports  in Gas Turbines (£66.2M or 98.7%), Refined Petroleum (£29.1M or 1.41M%), and Precious Metal Scraps (£8.83M or 265%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£-115M(-20.5%)
IMPORT GROWTH (August 2023 - August 2024)£49M(26.4%)
MAIN EXPORTER (August 2024)London Heathrow Airport£261M

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Singapore and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Singapore and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $7.71B to Singapore. The main products exported from United Kingdom to Singapore were Gas Turbines ($2.87B), Gold ($1.34B), and Hard Liquor ($461M). During the last 5 years the exports of United Kingdom to Singapore have increased at an annualized rate of 4.82%, from $6.09B in 2017 to $7.71B in 2022.

In 2017, Singapore exported $2.53B to United Kingdom. The main products exported from Singapore to United Kingdom were Gas Turbines ($367M), Nitrogen Heterocyclic Compounds ($232M), and Refined Petroleum ($186M). During the last 5 years the exports of Singapore to United Kingdom have decreased at an annualized rate of 2.17%, from $2.82B in 2022 to $2.53B in 2017.

Exports from United Kingdom (Flag) to Singapore (Flag) (2022)

Exports from Singapore (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from United Kingdom than Singapore included Netherlands ($41.9B), Germany ($40.6B), and United States ($61.8B).

In 2022, countries that imported more from Singapore than United Kingdom included Hong Kong ($51.6B), Malaysia ($35.9B), and Indonesia ($22.5B).

Difference in imports from Singapore (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Singapore

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Singapore in the exports of Machines ($3.93B), Precious Metals ($1.4B), and Foodstuffs ($602M).

During 2017, Singapore had a large net trade with United Kingdom in the exports of Machines ($831M), Chemical Products ($698M), and Instruments ($347M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Singapore+$77.6MRefined Petroleum
Top Product Potential Singapore United Kingdom+$201MRefined 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 Kingdom and Singapore. This means that a dot/product with the flag of United Kingdom 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 Kingdom.

Product Space of United Kingdom (Flag) and Singapore (Flag) (2022)

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