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2023
Flag → Flag
Exports $8.2BRnk 12 / 223
2023
Flag → Flag
Top Product $3.95BGas Turbines
2023
Flag → Flag
Exports $2.9BRnk 22 / 217
2023
Flag → Flag
Top Product $776MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
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Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
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GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
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 GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
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GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
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GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
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GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
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GDP PC$84,734CURRENT US$
Rnk 8 / 196
2013-2023
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GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195

About

United Kingdom-Singapore Trade: In 2023, United Kingdom exported $8.2B to Singapore. The main products that United Kingdom exported to Singapore were Gas Turbines ($3.95B), Hard Liquor ($728M), and Aircraft parts (gliders, balloons, and powered aircraft) ($224M). Over the past 5 years the exports of United Kingdom to Singapore have increased at an annualized rate of 2.31%, from $7.31B in 2018 to $8.2B in 2023.

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 2023, Singapore exported $2.9B to United Kingdom. The main products that Singapore exported to United Kingdom were Packaged Medicaments ($776M), Gas Turbines ($216M), and Nitrogen Heterocyclic Compounds ($144M). Over the past 5 years the exports of Singapore to United Kingdom have increased at an annualized rate of 1.04%,  from $2.75B in 2018 to $2.9B in 2023.

In 2023, Singapore did not export any services to United Kingdom.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £480M and imported £499M from Singapore, resulting in a negative trade balance of £18.2M. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-67.5M (-12.3%) from £548M to £480M, while imports increased by £283M (131%) from £216M to £499M.

Trade In November 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 November 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 November 2024 the exports of United Kingdom were mainly from Birmingham Airport (£143M), London Heathrow Airport (£127M), Harwich (£43.6M), Southampton (£22.4M), and Immingham (£22.1M), while imports destinations were mainly London Heathrow Airport (£264M), East Midlands Airport (£75.1M), London (£55.1M), Felixstowe (£34.9M), and Southampton (£30.6M).

Growth In November 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 November 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 (November 2023 - November 2024)£-67.5M(-12.3%)
IMPORT GROWTH (November 2023 - November 2024)£283M(131%)
MAIN EXPORTER (November 2024)Birmingham Airport£143M

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 2023, United Kingdom exported $8.2B to Singapore. The main products exported from United Kingdom to Singapore were Gas Turbines ($3.95B), Hard Liquor ($728M), and Aircraft parts (gliders, balloons, and powered aircraft) ($224M). During the last 5 years the exports of United Kingdom to Singapore have increased at an annualized rate of 2.31%, from $7.31B in 2018 to $8.2B in 2023.

In 2018, Singapore exported $2.9B to United Kingdom. The main products exported from Singapore to United Kingdom were Packaged Medicaments ($776M), Gas Turbines ($216M), and Nitrogen Heterocyclic Compounds ($144M). During the last 5 years the exports of Singapore to United Kingdom have increased at an annualized rate of 1.04%, from $2.75B in 2023 to $2.9B in 2018.

Exports from United Kingdom (Flag) to Singapore (Flag) (2023)

Exports from Singapore (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Singapore
Top DestinationHong Kong$44.5B

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 2023, countries that imported more from United Kingdom than Singapore included Germany ($34.6B), Ireland ($29.1B), and United States ($59.7B).

In 2023, countries that imported more from Singapore than United Kingdom included Malaysia ($31.4B), Hong Kong ($44.5B), and Indonesia ($18.2B).

Difference in imports from Singapore (Flag) and United Kingdom (Flag) (2023)

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 2023, United Kingdom had a large net trade with Singapore in the exports of Machines ($5.07B), Foodstuffs ($882M), and Transportation ($486M).

During 2018, Singapore had a large net trade with United Kingdom in the exports of Chemical Products ($1.18B), Machines ($751M), and Instruments ($422M).

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) (2023)

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