Flag Japan / Singapore Flag

2020
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Exports
: $15.8B, Rnk 9 / 213

2020
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Top Product
: $1.62B, Gold

2020
FlagFlag
Exports
: $11B, Rnk 8 / 212

2020
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Top Product
: $1.13B, Packaged Medicaments

2020
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Economic Complexity (ECI)
: ECI 2.19, Rnk 1 / 127

2020
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Economic Complexity (ECI)
: ECI 1.84, Rnk 6 / 127

2020
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GDP
: $5.06T, CURRENT US$
Rnk 3 / 195

2010-2020
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GDP GROWTH
: -12.2%, CURRENT US$
Rnk 180 / 195

2020
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 GDP
: $340B, CURRENT US$
Rnk 36 / 195

2010-2020
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GDP GROWTH
: 41.8%, CURRENT US$
Rnk 72 / 195

2020
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GDP PC 
: $40,193, CURRENT US$
Rnk 25 / 195

2010-2020
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GDP PC GROWTH
: -10.6%, CURRENT US$
Rnk 161 / 195

2020
Flag
GDP PC
: $59,798, CURRENT US$
Rnk 10 / 195

2010-2020
Flag
GDP PC GROWTH
: 26.6%, CURRENT US$
Rnk 73 / 195

Japan-Singapore In 2020, Japan exported $15.8B to Singapore. The main products that Japan exported to Singapore are Gold ($1.62B), Integrated Circuits ($1.49B), and Passenger and Cargo Ships ($1.41B). During the last 25 years the exports of Japan to Singapore have decreased at an annualized rate of 1.48%, from $22.9B in 1995 to $15.8B in 2020.

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 2020, Singapore exported $11B to Japan. The main products that Singapore exported to Japan were Packaged Medicaments ($1.13B), Gas Turbines ($1.02B), and Integrated Circuits ($999M). During the last 25 years the exports of Singapore to Japan have increased at an annualized rate of 1.42%, from $7.74B in 1995 to $11B in 2020.

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 2020,  Japan ranked 1 in the Economic Complexity Index (ECI 2.19), and 4 in total exports ($623B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.84), and 19 in total exports ($281B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Japan exported $15.8B to Singapore. The main products exported from Japan to Singapore were Gold ($1.62B), Integrated Circuits ($1.49B), and Passenger and Cargo Ships ($1.41B). During the last 25 years the exports of Japan to Singapore have decreased at an annualized rate of 1.48%, from $22.9B in 1995 to $15.8B in 2020.

In 2020, Singapore exported $11B to Japan. The main products exported from Singapore to Japan were Packaged Medicaments ($1.13B), Gas Turbines ($1.02B), and Integrated Circuits ($999M). During the last 25 years the exports of Singapore to Japan have increased at an annualized rate of 1.42%, from $7.74B in 1995 to $11B in 2020.

Market Competitiveness

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Measure

Japan
Top Destination
: China, $133B

Singapore
Top Destination
: China, $42.9B

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 China ($133B), United States ($112B), and South Korea ($42.9B).

In 2019, countries that imported more from Singapore than Japan were Hong Kong ($41.7B), Malaysia ($22.9B), and Indonesia ($14.8B).

Comparative Advantage Japan - Singapore

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Flow

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

During 2020, Japan had a large net trade with Singapore in the exports of Machines ($6.24B), Transportation ($2B), and Precious Metals ($1.85B).

During 2020, Singapore had a large net trade with Japan in the exports of Machines ($4.12B), Chemical Products ($2.57B), and Instruments ($1.83B).

Bilateral Service Trade

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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 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.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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