Flag South Korea / Singapore Flag

2019
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Exports
: $13.3B, Rnk 9 / 215

2019
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Top Product
: $3.65B, Refined Petroleum

2019
FlagFlag
Exports
: $8.2B, Rnk 11 / 214

2019
FlagFlag
Top Product
: $1.81B, Integrated Circuits

2019
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Economic Complexity (ECI)
: ECI 1.9, Rnk 5 / 146

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

2019
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GDP
: $1.65T, CURRENT US$
Rnk 12 / 187

2009-2019
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GDP GROWTH
: 74.5%, CURRENT US$
Rnk 52 / 187

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

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

2019
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GDP PC 
: $31,846, CURRENT US$
Rnk 32 / 187

2009-2019
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GDP PC GROWTH
: 66.4%, CURRENT US$
Rnk 36 / 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

South Korea-Singapore In 2019, South Korea exported $13.3B to Singapore. The main products that South Korea exported to Singapore are Refined Petroleum ($3.65B), Integrated Circuits ($2.86B), and Passenger and Cargo Ships ($2.65B). During the last 24 years the exports of South Korea to Singapore have increased at an annualized rate of 2.88%, from $6.75B in 1995 to $13.3B in 2019.

In 2005, South Korea exported services to Singapore worth $1.27B, with Transportation ($610M), Other business services ($361M), and Travel ($125M) being the largest in terms of value.

Singapore-South Korea In 2019, Singapore exported $8.2B to South Korea . The main products that Singapore exported to South Korea were Integrated Circuits ($1.81B), Refined Petroleum ($601M), and Machinery Having Individual Functions ($454M). During the last 24 years the exports of Singapore to South Korea have increased at an annualized rate of 4.69%, from $2.73B in 1995 to $8.2B in 2019.

In 2017, Singapore exported services to South Korea worth $1.63B, with Transportation ($975M), Other business services ($402M), and Insurance services ($178M) being the largest in terms of value.

Comparison In 2019,  South Korea ranked 5 in the Economic Complexity Index (ECI 1.9), and 6 in total exports ($555B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.77), and 18 in total exports ($301B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, South Korea exported $13.3B to Singapore. The main products exported from South Korea to Singapore were Refined Petroleum ($3.65B), Integrated Circuits ($2.86B), and Passenger and Cargo Ships ($2.65B). During the last 24 years the exports of South Korea to Singapore have increased at an annualized rate of 2.88%, from $6.75B in 1995 to $13.3B in 2019.

In 2019, Singapore exported $8.2B to South Korea. The main products exported from Singapore to South Korea were Integrated Circuits ($1.81B), Refined Petroleum ($601M), and Machinery Having Individual Functions ($454M). During the last 24 years the exports of Singapore to South Korea have increased at an annualized rate of 4.69%, from $2.73B in 1995 to $8.2B in 2019.

South Korea Exports

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Singapore Exports

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Market Competitiveness

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Measure

South Korea
Top Destination
: China, $136B

Singapore
Top Destination
: China, $45.8B

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

In 2019, countries that imported more from South Korea than Singapore were China ($136B), United States ($74.8B), and Vietnam ($47.8B).

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

Comparative Advantage South Korea - Singapore

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Depth

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

During 2019, South Korea had a large net trade with Singapore in the exports of Machines ($4.75B), Mineral Products ($3.8B), and Transportation ($2.98B).

During 2019, Singapore had a large net trade with South Korea in the exports of Machines ($3.8B), Chemical Products ($1.5B), and Instruments ($1.3B).

Bilateral Service Trade

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In 2005, South Korea exported services to Singapore worth $1.27B, with Transportation ($610M), Other business services ($361M), and Travel ($125M) being the largest in terms of value.

In 2017, Singapore exported services to South Korea worth $1.63B, with Transportation ($975M), Other business services ($402M), and Insurance services ($178M) 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 red.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Singapore. Similarly, the more red a dot/product is, the more Singapore has comparative advantage over South Korea.