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2022
Flag → Flag
Exports $10.8BRnk 8 / 217
2022
Flag → Flag
Top Product $4.69BRefined Petroleum
2022
Flag → Flag
Exports $20.4BRnk 6 / 215
2022
Flag → Flag
Top Product $2.94BCoal Briquettes
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

India-Singapore Trade: In 2022, India exported $10.8B to Singapore. The main products that India exported to Singapore were Refined Petroleum ($4.69B), Jewellery ($709M), and Passenger and Cargo Ships ($409M). Over the past 5 years the exports of India to Singapore have increased at an annualized rate of 0.13%, from $10.7B in 2017 to $10.8B in 2022.

In 2022, India did not export any services to Singapore.

Singapore-India Trade: In 2022, Singapore exported $20.4B to India. The main products that Singapore exported to India were Coal Briquettes ($2.94B), Integrated Circuits ($1.56B), and Refined Petroleum ($895M). Over the past 5 years the exports of Singapore to India have increased at an annualized rate of 16.7%,  from $9.41B in 2017 to $20.4B in 2022.

In 2015, Singapore exported services to India worth $2.46B, with Transportation ($1.53B), Other business services ($658M), and Insurance services ($122M) being the largest in terms of value.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Latest Trends

June, 2024

About

Overview In June 2024, India exported $956M and imported $1.6B from Singapore, resulting in a negative trade balance of $646M. Between June 2023 and June 2024 the exports of India have increased by $19.6M (2.09%) from $937M to $956M, while imports decreased by $-247M (-13.3%) from $1.85B to $1.6B.

Trade In June 2024, the top exports of India to Singapore were Petroleum Products ($380M), Ship, Boat And Floating Struct ($87.7M), Electric Machinery And Equipme ($87.6M), Gold And Oth Precs Metl Jwlery ($52.1M), and Organic Chemicals ($47M). In June 2024 the top imports of India from Singapore were Coal,Coke And Briquittes Etc ($244M), Electronics Components ($217M), Computer Hardware, Peripherals ($122M), Petroleum Products ($104M), and Plastic Raw Materials ($90M).

Growth In June 2024, the increase in India's year-by-year exports to Singapore was explained primarily by an increase in product exports in Ship, Boat And Floating Struct ($54.5M or 164%), Electric Machinery And Equipme ($44.3M or 102%), and Organic Chemicals ($29.5M or 169%). In June 2024, the decrease in India's year-by-year imports  from Singapore was explained primarily by an decrease in product imports  in Gold ($-116M or -96.5%), Computer Hardware, Peripherals ($-77.5M or -38.8%), and Organic Chemicals ($-75.6M or -53.3%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (June 2023 - June 2024)$19.6M(2.09%)
IMPORT GROWTH (June 2023 - June 2024)$-247M(-13.3%)

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

To check Singapore and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Singapore and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $10.8B to Singapore. The main products exported from India to Singapore were Refined Petroleum ($4.69B), Jewellery ($709M), and Passenger and Cargo Ships ($409M). During the last 5 years the exports of India to Singapore have increased at an annualized rate of 0.13%, from $10.7B in 2017 to $10.8B in 2022.

In 2017, Singapore exported $20.4B to India. The main products exported from Singapore to India were Coal Briquettes ($2.94B), Integrated Circuits ($1.56B), and Refined Petroleum ($895M). During the last 5 years the exports of Singapore to India have increased at an annualized rate of 16.7%, from $9.41B in 2022 to $20.4B in 2017.

Exports from India (Flag) to Singapore (Flag) (2022)

Exports from Singapore (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from India than Singapore included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Singapore than India included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

Difference in imports from Singapore (Flag) and India (Flag) (2022)

Comparative Advantage India - Singapore

Flow
Scale

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

During 2022, India had a large net trade with Singapore in the exports of Mineral Products ($4.87B), Machines ($1.41B), and Precious Metals ($1.16B).

During 2017, Singapore had a large net trade with India in the exports of Machines ($6.69B), Mineral Products ($4.75B), and Chemical Products ($2.32B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Singapore+$1.99BRefined Petroleum
Top Product Potential Singapore India+$603MIntegrated Circuits

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 India and Singapore. This means that a dot/product with the flag of India indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over India.

Product Space of India (Flag) and Singapore (Flag) (2022)

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