2022
Flag  
GDP
$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH
-32.5%CURRENT US$
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2022
Flag
 GDP
$467BCURRENT US$
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2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
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2022
Flag
GDP PC 
$33,815CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
-31.2%CURRENT US$
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2022
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GDP PC
$82,808CURRENT US$
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2012-2022
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GDP PC GROWTH
49.1%CURRENT US$
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About

Japan-Singapore Trade: In 2022, Japan exported $21.1B to Singapore. The main products that Japan exported to Singapore were Gold ($2.47B), Refined Petroleum ($2.14B), and Machinery Having Individual Functions ($1.66B). Over the past 5 years the exports of Japan to Singapore have decreased at an annualized rate of 2.29%, from $23.7B in 2017 to $21.1B in 2022.

In 2009, Japan exported services to Singapore worth $21.6B, with Services not allocated ($10.8B), Other business services ($7.31B), and Transportation ($2.3B) being the largest in terms of value.

Singapore-Japan Trade: In 2022, Singapore exported $13.6B to Japan. The main products that Singapore exported to Japan were Integrated Circuits ($1.47B), Machinery Having Individual Functions ($1.05B), and Packaged Medicaments ($756M). Over the past 5 years the exports of Singapore to Japan have increased at an annualized rate of 9.63%,  from $8.56B in 2017 to $13.6B in 2022.

In 2015, Singapore exported services to Japan worth $2.85B, with Transportation ($2.29B), Insurance services ($271M), and Royalties and license fees ($224M) being the largest in terms of value.

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). 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, Japan exported $21.1B to Singapore. The main products exported from Japan to Singapore were Gold ($2.47B), Refined Petroleum ($2.14B), and Machinery Having Individual Functions ($1.66B). During the last 5 years the exports of Japan to Singapore have decreased at an annualized rate of 2.29%, from $23.7B in 2017 to $21.1B in 2022.

In 2017, Singapore exported $13.6B to Japan. The main products exported from Singapore to Japan were Integrated Circuits ($1.47B), Machinery Having Individual Functions ($1.05B), and Packaged Medicaments ($756M). During the last 22 years the exports of Singapore to Japan have increased at an annualized rate of 9.63%, from $8.56B in 1995 to $13.6B in 2017.

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

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

Market Competitiveness

Color
Japan
Top Destination
United States$137B
Singapore
Top Destination
Hong Kong$51.6B

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

In 2022, countries that imported more from Japan than Singapore included United States ($137B), China ($135B), and South Korea ($50.8B).

In 2022, countries that imported more from Singapore than Japan included Hong Kong ($51.6B), Malaysia ($35.9B), and Cambodia ($8.2B).

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

Comparative Advantage Japan - Singapore

Flow
Scale

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

During 2022, Japan had a large net trade with Singapore in the exports of Machines ($8.05B), Precious Metals ($2.88B), and Mineral Products ($2.26B).

During 2017, Singapore had a large net trade with Japan in the exports of Machines ($5.18B), Chemical Products ($1.94B), and Instruments ($1.23B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Singapore+$133MIntegrated Circuits
Top Product Potential Singapore Japan+$294MIntegrated 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 Japan and Singapore. This means that a dot/product with the flag of Japan indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Japan.

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

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