Flag Russia / Singapore Flag

2020
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Exports
: $1.32B, Rnk 46 / 187

2020
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Top Product
: $1.09B, Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils

2020
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Exports
: $589M, Rnk 35 / 212

2020
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Top Product
: $38.9M, Cocoa; butter, fat and oil

2020
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Economic Complexity (ECI)
: ECI 0.5, Rnk 43 / 127

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

2020
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GDP
: $1.48T, CURRENT US$
Rnk 11 / 195

2010-2020
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GDP GROWTH
: -2.72%, CURRENT US$
Rnk 164 / 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 
: $10,127, CURRENT US$
Rnk 70 / 195

2010-2020
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GDP PC GROWTH
: -5.14%, CURRENT US$
Rnk 154 / 195

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

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

Russia-Singapore In 2020, Russia exported $1.32B to Singapore. The main products that Russia exported to Singapore are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils ($1.09B), Petroleum oils and oils obtained from bituminous minerals; crude ($68.3M), and Nickel; unwrought ($37.9M). During the last 25 years the exports of Russia to Singapore have increased at an annualized rate of 6.27%, from $289M in 1995 to $1.32B in 2020.

In 2018, Russia exported services to Singapore worth $484M, with Transportation ($249M), Other business services ($90.3M), and Computer and information services ($86.5M) being the largest in terms of value.

Singapore-Russia In 2020, Singapore exported $589M to Russia . The main products that Singapore exported to Russia were Cocoa; butter, fat and oil ($38.9M), Electrical apparatus for switching, protecting electrical circuits, for making connections to or in electrical circuits, for a voltage not exceeding 1000 volts; connectors for optical fibres, optical fibre bundles or cables ($37.5M), and Radar apparatus, radio navigational aid apparatus and radio remote control apparatus ($37.4M). During the last 25 years the exports of Singapore to Russia have decreased at an annualized rate of 1.65%, from $893M in 1995 to $589M in 2020.

In 2020, Singapore did not export any services to Russia.

Comparison In 2020,  Russia ranked 43 in the Economic Complexity Index (ECI 0.5), and 13 in total exports ($330B). 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
Compare to

In 2020, Russia exported $1.32B to Singapore. The main products exported from Russia to Singapore were Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils ($1.09B), Petroleum oils and oils obtained from bituminous minerals; crude ($68.3M), and Nickel; unwrought ($37.9M). During the last 25 years the exports of Russia to Singapore have increased at an annualized rate of 6.27%, from $289M in 1995 to $1.32B in 2020.

In 2020, Singapore exported $589M to Russia. The main products exported from Singapore to Russia were Cocoa; butter, fat and oil ($38.9M), Electrical apparatus for switching, protecting electrical circuits, for making connections to or in electrical circuits, for a voltage not exceeding 1000 volts; connectors for optical fibres, optical fibre bundles or cables ($37.5M), and Radar apparatus, radio navigational aid apparatus and radio remote control apparatus ($37.4M). During the last 25 years the exports of Singapore to Russia have decreased at an annualized rate of 1.65%, from $893M in 1995 to $589M in 2020.

Market Competitiveness

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Measure

Russia
Top Destination
: China, $49.3B

Singapore
Top Destination
: China, $42.9B

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 2019, countries that imported more from Russia than Singapore were United Kingdom ($25.3B), Netherlands ($22.5B), and Belarus ($15.8B).

In 2019, countries that imported more from Singapore than Russia were Hong Kong ($41.7B), Malaysia ($22.9B), and United States ($27.6B).

Comparative Advantage Russia - Singapore

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Flow

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

During 2020, Russia had a large net trade with Singapore in the exports of Mineral Products ($1.17B), Metals ($77.2M), and Chemical Products ($29.7M).

During 2020, Singapore had a large net trade with Russia in the exports of Machines ($275M), Instruments ($83.2M), and Chemical Products ($70.7M).

Bilateral Service Trade

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In 2018, Russia exported services to Singapore worth $484M, with Transportation ($249M), Other business services ($90.3M), and Computer and information services ($86.5M) 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 Russia has comparative advantage over Singapore. Similarly, the more yellow a dot/product is, the more Singapore has comparative advantage over Russia.