2022
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GDP
$2.24TCURRENT US$
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2012-2022
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GDP GROWTH
1.45%CURRENT US$
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2022
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 GDP
$467BCURRENT US$
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2012-2022
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GDP GROWTH
58.2%CURRENT US$
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2022
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GDP PC 
$15,345CURRENT US$
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2012-2022
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GDP PC GROWTH
-0.49%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

Russia-Singapore In 2022, Russia exported $2.12B to Singapore. The main products that Russia exported to Singapore are Refined Petroleum ($1.09B), Gold ($627M), and Crude Petroleum ($85.9M). During the last 27 years the exports of Russia to Singapore have increased at an annualized rate of 7.65%, from $290M in 1995 to $2.12B in 2022.

In 2020, Russia exported services to Singapore worth $609M, with Transportation ($283M), Other business services ($137M), and Computer and information services ($72.8M) being the largest in terms of value.

Singapore-Russia In 2022, Singapore exported $167M to Russia. The main products that Singapore exported to Russia were Refined Petroleum ($17.7M), Integrated Circuits ($11.1M), and Motor vehicles; parts and accessories (8701 to 8705) ($11M). During the last 27 years the exports of Singapore to Russia have decreased at an annualized rate of 6.03%, from $893M in 1995 to $167M in 2022.

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

Comparison In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). 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, Russia exported $2.12B to Singapore. The main products exported from Russia to Singapore were Refined Petroleum ($1.09B), Gold ($627M), and Crude Petroleum ($85.9M). During the last 27 years the exports of Russia to Singapore have increased at an annualized rate of 7.65%, from $290M in 1995 to $2.12B in 2022.

In 2022, Singapore exported $167M to Russia. The main products exported from Singapore to Russia were Refined Petroleum ($17.7M), Integrated Circuits ($11.1M), and Motor vehicles; parts and accessories (8701 to 8705) ($11M). During the last 27 years the exports of Singapore to Russia have decreased at an annualized rate of 6.03%, from $893M in 1995 to $167M in 2022.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$101B
Singapore
Top Destination
Hong Kong$51.6B

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

In 2021, countries that imported more from Russia than Singapore were China ($101B), Turkey ($25.3B), and Italy ($25.1B).

In 2021, countries that imported more from Singapore than Russia were Hong Kong ($51.6B), Malaysia ($35.9B), and Indonesia ($22.5B).

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

Comparative Advantage Russia - Singapore

Flow
Scale

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

During 2022, Russia had a large net trade with Singapore in the exports of Mineral Products ($1.23B), Precious Metals ($633M), and Metals ($206M).

During 2022, Singapore had a large net trade with Russia in the exports of Machines ($73.2M), Mineral Products ($17.7M), and Instruments ($16M).

Service Trade

Bilateral Service Trade

In 2020, Russia exported services to Singapore worth $609M, with Transportation ($283M), Other business services ($137M), and Computer and information services ($72.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Singapore (Flag) (2020)

Economic Complexity

Competitive Landscape

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 Russia has comparative advantage over Singapore. Similarly, the more yellow a dot/product is, the more Singapore has comparative advantage over Russia.

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

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