Flag Japan / Singapore Flag

2019
FlagFlag
Exports
: $17B, Rnk 8 / 213

2019
FlagFlag
Top Product
: $1.96B, Passenger and Cargo Ships

2019
FlagFlag
Exports
: $10.8B, Rnk 7 / 214

2019
FlagFlag
Top Product
: $1.03B, Integrated Circuits

2019
Flag
Economic Complexity (ECI)
: ECI 2.2, Rnk 1 / 146

2019
Flag
Economic Complexity (ECI)
: ECI 1.77, Rnk 6 / 146

2019
Flag  
GDP
: $5.08T, CURRENT US$
Rnk 3 / 187

2009-2019
Flag
GDP GROWTH
: -2.86%, CURRENT US$
Rnk 175 / 187

2019
Flag
 GDP
: $372B, CURRENT US$
Rnk 33 / 187

2009-2019
Flag
GDP GROWTH
: 91.6%, CURRENT US$
Rnk 36 / 187

2019
Flag
GDP PC 
: $40,247, CURRENT US$
Rnk 27 / 187

2009-2019
Flag
GDP PC GROWTH
: -1.49%, CURRENT US$
Rnk 165 / 187

2019
Flag
GDP PC
: $65,233, CURRENT US$
Rnk 9 / 187

2009-2019
Flag
GDP PC GROWTH
: 67.6%, CURRENT US$
Rnk 34 / 187

Japan-Singapore In 2019, Japan exported $17B to Singapore. The main products that Japan exported to Singapore are Passenger and Cargo Ships ($1.96B), Integrated Circuits ($1.45B), and Gold ($1.17B). During the last 24 years the exports of Japan to Singapore have decreased at an annualized rate of 1.3%, from $23.3B in 1995 to $17B in 2019.

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 In 2019, Singapore exported $10.8B to Japan . The main products that Singapore exported to Japan were Integrated Circuits ($1.03B), Packaged Medicaments ($982M), and Gas Turbines ($933M). During the last 24 years the exports of Singapore to Japan have increased at an annualized rate of 1.57%, from $7.44B in 1995 to $10.8B in 2019.

In 2017, Singapore exported services to Japan worth $3.16B, with Transportation ($2.4B), Insurance services ($383M), and Royalties and license fees ($315M) being the largest in terms of value.

Comparison In 2019,  Japan ranked 1 in the Economic Complexity Index (ECI 2.2), and 4 in total exports ($696B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.77), and 18 in total exports ($301B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value
Compare to

In 2019, Japan exported $17B to Singapore. The main products exported from Japan to Singapore were Passenger and Cargo Ships ($1.96B), Integrated Circuits ($1.45B), and Gold ($1.17B). During the last 24 years the exports of Japan to Singapore have decreased at an annualized rate of 1.3%, from $23.3B in 1995 to $17B in 2019.

In 2019, Singapore exported $10.8B to Japan. The main products exported from Singapore to Japan were Integrated Circuits ($1.03B), Packaged Medicaments ($982M), and Gas Turbines ($933M). During the last 24 years the exports of Singapore to Japan have increased at an annualized rate of 1.57%, from $7.44B in 1995 to $10.8B in 2019.

Singapore Exports

#permalink to section

Market Competitiveness

#permalink to section
Measure

Japan
Top Destination
: United States, $134B

Singapore
Top Destination
: China, $45.8B

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 2019, countries that imported more from Japan than Singapore were United States ($134B), China ($128B), and South Korea ($44.9B).

In 2019, countries that imported more from Singapore than Japan were Malaysia ($28.2B), Hong Kong ($39.1B), and Indonesia ($19.8B).

Comparative Advantage Japan - Singapore

#permalink to section
Depth

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

During 2019, Japan had a large net trade with Singapore in the exports of Machines ($6.59B), Transportation ($3.13B), and Chemical Products ($1.73B).

During 2019, Singapore had a large net trade with Japan in the exports of Machines ($4.31B), Chemical Products ($2.07B), and Instruments ($1.49B).

Bilateral Service Trade

#permalink to section

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.

In 2017, Singapore exported services to Japan worth $3.16B, with Transportation ($2.4B), Insurance services ($383M), and Royalties and license fees ($315M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Japan has comparative advantage over Singapore. Similarly, the more red a dot/product is, the more Singapore has comparative advantage over Japan.