Flag Hong Kong / Singapore Flag

2019
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Exports
: $3.65B, Rnk 8 / 196

2019
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Top Product
: $871M, Gold

2019
FlagFlag
Exports
: $39.1B, Rnk 2 / 214

2019
FlagFlag
Top Product
: $24.2B, Integrated Circuits

2019
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Economic Complexity (ECI)
: ECI 1.02, Rnk 28 / 146

2019
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Economic Complexity (ECI)
: ECI 1.77, Rnk 6 / 146

2019
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GDP
: $366B, CURRENT US$
Rnk 34 / 187

2009-2019
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GDP GROWTH
: 70.9%, CURRENT US$
Rnk 59 / 187

2019
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 GDP
: $372B, CURRENT US$
Rnk 33 / 187

2009-2019
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GDP GROWTH
: 91.6%, CURRENT US$
Rnk 36 / 187

2019
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GDP PC 
: $48,713, CURRENT US$
Rnk 17 / 187

2009-2019
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GDP PC GROWTH
: 58.7%, CURRENT US$
Rnk 46 / 187

2019
Flag
GDP PC
: $65,233, CURRENT US$
Rnk 9 / 187

2009-2019
Flag
GDP PC GROWTH
: 67.6%, CURRENT US$
Rnk 34 / 187

Hong Kong-Singapore In 2019, Hong Kong exported $3.65B to Singapore. The main products that Hong Kong exported to Singapore are Gold ($871M), Jewellery ($358M), and Integrated Circuits ($222M). During the last 24 years the exports of Hong Kong to Singapore have decreased at an annualized rate of 0.53%, from $4.15B in 1995 to $3.65B in 2019.

In 2019, Hong Kong did not export any services to Singapore.

Singapore-Hong Kong In 2019, Singapore exported $39.1B to Hong Kong . The main products that Singapore exported to Hong Kong were Integrated Circuits ($24.2B), Refined Petroleum ($2.58B), and Semiconductor Devices ($1.68B). During the last 24 years the exports of Singapore to Hong Kong have increased at an annualized rate of 5.69%, from $10.4B in 1995 to $39.1B in 2019.

In 2017, Singapore exported services to Hong Kong worth $3.83B, with Other business services ($2.07B), Transportation ($1.44B), and Insurance services ($220M) being the largest in terms of value.

Comparison In 2019,  Hong Kong ranked 28 in the Economic Complexity Index (ECI 1.02), and 34 in total exports ($118B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.77), and 18 in total exports ($301B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Hong Kong exported $3.65B to Singapore. The main products exported from Hong Kong to Singapore were Gold ($871M), Jewellery ($358M), and Integrated Circuits ($222M). During the last 24 years the exports of Hong Kong to Singapore have decreased at an annualized rate of 0.53%, from $4.15B in 1995 to $3.65B in 2019.

In 2019, Singapore exported $39.1B to Hong Kong. The main products exported from Singapore to Hong Kong were Integrated Circuits ($24.2B), Refined Petroleum ($2.58B), and Semiconductor Devices ($1.68B). During the last 24 years the exports of Singapore to Hong Kong have increased at an annualized rate of 5.69%, from $10.4B in 1995 to $39.1B in 2019.

Hong Kong Exports

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Singapore Exports

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Market Competitiveness

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Measure

Hong Kong
Top Destination
: China, $26.8B

Singapore
Top Destination
: China, $45.8B

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

In 2019, countries that imported more from Hong Kong than Singapore were United Kingdom ($6.21B), India ($17B), and Macau ($2.92B).

In 2019, countries that imported more from Singapore than Hong Kong were Malaysia ($28.2B), United States ($24.8B), and China ($45.8B).

Comparative Advantage Hong Kong - Singapore

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Depth

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

During 2019, Hong Kong had a large net trade with Singapore in the exports of Precious Metals ($1.55B), Machines ($1.35B), and Chemical Products ($137M).

During 2019, Singapore had a large net trade with Hong Kong in the exports of Machines ($31.4B), Mineral Products ($2.59B), and Precious Metals ($1.54B).

Bilateral Service Trade

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In 2017, Singapore exported services to Hong Kong worth $3.83B, with Other business services ($2.07B), Transportation ($1.44B), and Insurance services ($220M) 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 Hong Kong has comparative advantage over Singapore. Similarly, the more red a dot/product is, the more Singapore has comparative advantage over Hong Kong.