Maldives (MDV) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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Maldives-Singapore Trade: In 2022, Maldives exported $417k to Singapore. The main products that Maldives exported to Singapore were Aircraft Parts ($92.3k), Integrated Circuits ($56.2k), and Engine Parts ($45.1k). Over the past 5 years the exports of Maldives to Singapore have decreased at an annualized rate of 20.7%, from $1.33M in 2017 to $417k in 2022.

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

Singapore-Maldives Trade: In 2022, Singapore exported $178M to Maldives. The main products that Singapore exported to Maldives were Refined Petroleum ($74.2M), Centrifuges ($3.56M), and Large Construction Vehicles ($2.92M). Over the past 5 years the exports of Singapore to Maldives have decreased at an annualized rate of 11.5%, from $329M in 2017 to $178M in 2022.

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

Comparison In 2022, Maldives ranked 166 in total exports ($689M), and does not have data regarding Economic Complexity Index. 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Maldives exported $417k to Singapore. The main products exported from Maldives to Singapore were Aircraft Parts ($92.3k), Integrated Circuits ($56.2k), and Engine Parts ($45.1k). During the last 5 years the exports of Maldives to Singapore have decreased at an annualized rate of 20.7%, from $1.33M in 2017 to $417k in 2022.

In 2017, Singapore exported $178M to Maldives. The main products exported from Singapore to Maldives were Refined Petroleum ($74.2M), Centrifuges ($3.56M), and Large Construction Vehicles ($2.92M). During the last 5 years the exports of Singapore to Maldives have decreased at an annualized rate of 11.5%, from $329M in 2022 to $178M in 2017.

Exports from Maldives () to Singapore () (2022)

Exports from Singapore () to Maldives () (2022)

Latest Data

Trade between Maldives () and Singapore ()

Maldives Exports

Date

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Maldives
Top DestinationIndia$488M

Singapore
Top DestinationHong Kong$51.6B

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

In 2022, no countries were registered that imported more from Maldives than from Singapore.

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

Difference in imports from Singapore () and Maldives () (2022)

Comparative Advantage Maldives - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Maldives had a large net trade with Singapore in the exports of Machines ($194k), Transportation ($94.7k), and Metals ($48.2k).

During 2017, Singapore had a large net trade with Maldives in the exports of Mineral Products ($75.7M), Machines ($42.6M), and Foodstuffs ($12.7M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Maldives and Singapore. This means that a dot/product with the flag of Maldives indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Maldives.

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Historical Data

Bilateral Trade by Products

Exports from Maldives () to Singapore () (2022)

Exports from Singapore () to Maldives () (2022)

Latest Data

Trade between Maldives () and Singapore ()

Maldives Exports

Singapore Exports

Market Competitiveness

Difference in imports from Singapore () and Maldives () (2022)

Comparative Advantage Maldives - Singapore

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Maldives () and Singapore () (2022)

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