2022
Flag
 GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186

About

British Indian Ocean Territory-Singapore Trade: In 2022, British Indian Ocean Territory exported $4.42M to Singapore. The main products that British Indian Ocean Territory exported to Singapore were Non-fillet Frozen Fish ($4.18M), Dried/Salted/Smoked/Brined Fish ($145k), and Microphones and Headphones ($58.4k). Over the past 5 years the exports of British Indian Ocean Territory to Singapore have decreased at an annualized rate of 2.24%, from $4.95M in 2017 to $4.42M in 2022.

In 2022, British Indian Ocean Territory did not export any services to Singapore.

Singapore-British Indian Ocean Territory Trade: In 2022, Singapore exported $18.7M to British Indian Ocean Territory. The main products that Singapore exported to British Indian Ocean Territory were Aluminium Structures ($8.12M), Other Inedible Animal Products ($6.4M), and Electrical Transformers ($597k). Over the past 5 years the exports of Singapore to British Indian Ocean Territory have decreased at an annualized rate of 0.45%,  from $19.1M in 2017 to $18.7M in 2022.

In 2022, Singapore did not export any services to British Indian Ocean Territory.

Comparison In 2022,  British Indian Ocean Territory ranked 221 in total exports ($5.8M), and does not have data regarding Economic Complexity Index. That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, British Indian Ocean Territory exported $4.42M to Singapore. The main products exported from British Indian Ocean Territory to Singapore were Non-fillet Frozen Fish ($4.18M), Dried/Salted/Smoked/Brined Fish ($145k), and Microphones and Headphones ($58.4k). During the last 5 years the exports of British Indian Ocean Territory to Singapore have decreased at an annualized rate of 2.24%, from $4.95M in 2017 to $4.42M in 2022.

In 2017, Singapore exported $18.7M to British Indian Ocean Territory. The main products exported from Singapore to British Indian Ocean Territory were Aluminium Structures ($8.12M), Other Inedible Animal Products ($6.4M), and Electrical Transformers ($597k). During the last 5 years the exports of Singapore to British Indian Ocean Territory have decreased at an annualized rate of 0.45%, from $19.1M in 2022 to $18.7M in 2017.

Exports from British Indian Ocean Territory (Flag) to Singapore (Flag) (2022)

Exports from Singapore (Flag) to British Indian Ocean Territory (Flag) (2022)

Latest Data

Trade between British Indian Ocean Territory (Flag) and Singapore (Flag)

Singapore Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$51.6B

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

In 2022, no countries were registered that imported more from British Indian Ocean Territory than from Singapore.

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

Difference in imports from Singapore (Flag) and British Indian Ocean Territory (Flag) (2022)

Comparative Advantage British Indian Ocean Territory - Singapore

Flow
Scale

This chart compares trade between British Indian Ocean Territory and Singapore by product, considering products traded by both, British Indian Ocean Territory and Singapore.

During 2022, British Indian Ocean Territory had a large net trade with Singapore in the exports of Animal Products ($4.32M), Machines ($59.2k), and Paper Goods ($43.5k).

During 2017, Singapore had a large net trade with British Indian Ocean Territory in the exports of Metals ($8.21M), Animal Products ($6.41M), and Machines ($2.66M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of British Indian Ocean Territory and Singapore. This means that a dot/product with the flag of British Indian Ocean Territory indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over British Indian Ocean Territory.

Product Space of British Indian Ocean Territory (Flag) and Singapore (Flag) (2022)

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