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2022
Flag → Flag
Exports $973MRnk 24 / 210
2022
Flag → Flag
Top Product $142MPackaged Medicaments
2022
Flag → Flag
Exports $821MRnk 37 / 215
2022
Flag → Flag
Top Product $385MMachinery Having Individual Functions
2022
Flag
Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
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Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC $104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186
2022
Flag
GDP PC$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Ireland-Singapore Trade: In 2022, Ireland exported $973M to Singapore. The main products that Ireland exported to Singapore were Packaged Medicaments ($142M), Vaccines, blood, antisera, toxins and cultures ($110M), and Chemical Analysis Instruments ($100M). Over the past 5 years the exports of Ireland to Singapore have increased at an annualized rate of 1.22%, from $916M in 2017 to $973M in 2022.

In 2020, Ireland exported services to Singapore worth $1.44B, with Other business services ($1.22B), Financial services ($137M), and Travel ($62.8M) being the largest in terms of value.

Singapore-Ireland Trade: In 2022, Singapore exported $821M to Ireland. The main products that Singapore exported to Ireland were Machinery Having Individual Functions ($385M), Vaccines, blood, antisera, toxins and cultures ($71.2M), and Oxygen Amino Compounds ($39.6M). Over the past 5 years the exports of Singapore to Ireland have increased at an annualized rate of 35.3%,  from $181M in 2017 to $821M in 2022.

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

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Latest Trends

August, 2024

About

Overview In August 2024, Ireland exported €53.9M and imported €132M from Singapore, resulting in a negative trade balance of €78.3M. Between August 2023 and August 2024 the exports of Ireland have decreased by €-16.1M (-23%) from €70M to €53.9M, while imports increased by €82.7M (167%) from €49.5M to €132M.

Trade In August 2024, the top exports of Ireland to Singapore were Medicinal and pharmaceutical products (€16.3M), Professional, scientific and controlling apparatus (€11M), Office machines and automatic data processing... (€5.9M), Miscellaneous manufactured articles, n.e.s. (€5.6M), and Essential oils, perfume materials, toilet preparations... (€4.01M). In August 2024 the top imports of Ireland from Singapore were Machinery specialised for particular industries (€15.7M), Organic chemicals (€15.2M), Medicinal and pharmaceutical products (€10.2M), Professional, scientific and controlling apparatus (€6.51M), and Power generating machinery and equipment (€3.19M).

Growth In August 2024, the decrease in Ireland's year-by-year exports to Singapore was explained primarily by an decrease in product exports in Medicinal and pharmaceutical products (€-19.3M or -54.2%), General industrial machinery and parts, n.e.s. (€-1.14M or -48.4%), and Road vehicles (€-561k or -99.6%). In August 2024, the increase in Ireland's year-by-year imports  from Singapore was explained primarily by an increase in product imports  in Organic chemicals (€14.2M or 1.33k%), Machinery specialised for particular industries (€14M or 845%), and Medicinal and pharmaceutical products (€8.82M or 657%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-16.1M(-23%)
IMPORT GROWTH (August 2023 - August 2024)€82.7M(167%)

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

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

For full datasets download visit Bulk Download page.

Explore Singapore and Ireland Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $973M to Singapore. The main products exported from Ireland to Singapore were Packaged Medicaments ($142M), Vaccines, blood, antisera, toxins and cultures ($110M), and Chemical Analysis Instruments ($100M). During the last 5 years the exports of Ireland to Singapore have increased at an annualized rate of 1.22%, from $916M in 2017 to $973M in 2022.

In 2017, Singapore exported $821M to Ireland. The main products exported from Singapore to Ireland were Machinery Having Individual Functions ($385M), Vaccines, blood, antisera, toxins and cultures ($71.2M), and Oxygen Amino Compounds ($39.6M). During the last 5 years the exports of Singapore to Ireland have increased at an annualized rate of 35.3%, from $181M in 2022 to $821M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from Ireland than Singapore included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

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

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

Comparative Advantage Ireland - Singapore

Flow
Scale

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

During 2022, Ireland had a large net trade with Singapore in the exports of Chemical Products ($391M), Instruments ($247M), and Machines ($204M).

During 2017, Singapore had a large net trade with Ireland in the exports of Machines ($477M), Chemical Products ($195M), and Instruments ($69.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Singapore+$34.6MVaccines, blood, antisera, toxins and cultures
Top Product Potential Singapore Ireland+$44.2MRefined Petroleum

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

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

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