Flag Hong Kong / Singapore Flag

2020
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Exports
: $4.46B, Rnk 6 / 196

2020
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Top Product
: $2.04B, Gold

2020
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Exports
: $41.7B, Rnk 2 / 212

2020
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Top Product
: $28B, Integrated Circuits

2020
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Economic Complexity (ECI)
: ECI 1.11, Rnk 23 / 127

2020
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Economic Complexity (ECI)
: ECI 1.84, Rnk 6 / 127

2020
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GDP
: $347B, CURRENT US$
Rnk 35 / 195

2010-2020
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GDP GROWTH
: 51.6%, CURRENT US$
Rnk 54 / 195

2020
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 GDP
: $340B, CURRENT US$
Rnk 36 / 195

2010-2020
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GDP GROWTH
: 41.8%, CURRENT US$
Rnk 72 / 195

2020
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GDP PC 
: $46,324, CURRENT US$
Rnk 18 / 195

2010-2020
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GDP PC GROWTH
: 42.3%, CURRENT US$
Rnk 37 / 195

2020
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GDP PC
: $59,798, CURRENT US$
Rnk 10 / 195

2010-2020
Flag
GDP PC GROWTH
: 26.6%, CURRENT US$
Rnk 73 / 195

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

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.

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, $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

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).

Bilateral Service Trade

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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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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.