Hong Kong (HKG) and Singapore (SGP) Trade | OEC - The Observatory of Economic Complexity

About

Hong Kong-Singapore In 2020, Hong Kong exported $4.46B to Singapore. The main products that Hong Kong exported to Singapore are Gold ($2.04B), Gas Turbines ($651M), and Integrated Circuits ($250M). During the last 25 years the exports of Hong Kong to Singapore have increased at an annualized rate of 0.18%, from $4.26B in 1995 to $4.46B in 2020.

In 2020, Hong Kong did not export any services to Singapore.

Singapore-Hong Kong In 2020, Singapore exported $41.7B to Hong Kong. The main products that Singapore exported to Hong Kong were Integrated Circuits ($28B), Semiconductor Devices ($1.83B), and Gas Turbines ($1.51B). During the last 25 years the exports of Singapore to Hong Kong have increased at an annualized rate of 5.51%, from $10.9B in 1995 to $41.7B in 2020.

In 2015, Singapore exported services to Hong Kong worth $3.47B, with Other business services ($1.74B), Transportation ($1.49B), and Insurance services ($115M) being the largest in terms of value.

Comparison In 2020, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.11), and 33 in total exports ($126B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.84), and 19 in total exports ($281B).

Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2020, Hong Kong exported $4.46B to Singapore. The main products exported from Hong Kong to Singapore were Gold ($2.04B), Gas Turbines ($651M), and Integrated Circuits ($250M). During the last 25 years the exports of Hong Kong to Singapore have increased at an annualized rate of 0.18%, from $4.26B in 1995 to $4.46B in 2020.

In 2020, Singapore exported $41.7B to Hong Kong. The main products exported from Singapore to Hong Kong were Integrated Circuits ($28B), Semiconductor Devices ($1.83B), and Gas Turbines ($1.51B). During the last 25 years the exports of Singapore to Hong Kong have increased at an annualized rate of 5.51%, from $10.9B in 1995 to $41.7B in 2020.

Latest Data

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Hong Kong Exports

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Date

Singapore Exports

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Date

Market Competitiveness

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Measure

SectionYear

Hong Kong
Top Destination: China, $25.9B

Singapore
Top Destination: China, $42.9B

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 ($14.8B), Switzerland ($12.1B), and India ($14.2B).

In 2019, countries that imported more from Singapore than Hong Kong were United States ($27.6B), Malaysia ($22.9B), and China ($42.9B).

Comparative Advantage Hong Kong - Singapore

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Flow

Scale

Year

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

During 2020, Hong Kong had a large net trade with Singapore in the exports of Precious Metals ($2.19B), Machines ($1.68B), and Chemical Products ($124M).

During 2020, Singapore had a large net trade with Hong Kong in the exports of Machines ($35.4B), Chemical Products ($1.52B), and Precious Metals ($1.37B).

Service Trade

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Bilateral Service Trade

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Sgp Year

In 2015, Singapore exported services to Hong Kong worth $3.47B, with Other business services ($1.74B), Transportation ($1.49B), and Insurance services ($115M) 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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Year

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

About

Historical Data

Bilateral Trade by Products

Latest Data

Hong Kong Exports

Singapore Exports

Market Competitiveness

Comparative Advantage Hong Kong - Singapore

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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