Russia (RUS) and Singapore (SGP) Trade | OEC - The Observatory of Economic Complexity

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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).

Latest Trends

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January, 2022

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Overview In January 2022 Russia exported $115M and imported $32.6M from Singapore, resulting in a positive trade balance of $82.6M. Between January 2021 and January 2022 the exports of Russia have decreased by $-20.2M (-14.9%) from $135M to $115M, while imports increased by $5.9M (22.1%) from $26.7M to $32.6M.

Trade In January 2022, the top exports of Russia to Singapore were Refined Petroleum ($78M), Passenger and Cargo Ships ($28.1M), Zinc Ore ($2.81M), Raw Lead ($2M), and Shaving Products ($1.09M). In January 2022 the top imports of Russia from Singapore were Refined Petroleum ($4.04M), Laboratory Reagents ($3.69M), Orthopedic Appliances ($2.07M), Organo-Sulfur Compounds ($1.8M), and Cocoa Butter ($1.73M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($69.3M), SAKHALIN REGION ($28.8M), PERM TERRITORY ($5.06M), IRKUTSK REGION ($3.56M), and KRASNOYARSK TERRITORY ($2.81M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($19.4M), SAKHALIN REGION ($4.14M), MOSCOW REGION ($2.94M), ST. PETERSBURG ($1.64M), and VLADIMIR REGION ($904k).

Growth In January 2022, the decrease in Russia's year-by-year exports to Singapore was explained primarily by an decrease in product exports in Refined Petroleum ($-58.9M or -31%), Liquid Pumps ($-985k or -99.7%), and Valves ($-458k or -93.8%). In January 2022, the increase in Russia's year-by-year imports from Singapore was explained primarily by an increase in product imports in Chemical Analysis Instruments ($4.2M or 407%), Cocoa Butter ($1.12M or 88.5%), and Optical Fibers and optical fibre bundles ($889k or 22.8k%).

Latest Trade

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Time Scale

Flow

Depth

Value

EXPORT GROWTH (January 2021 - January 2022): $-20.2M, (-14.9%)

IMPORT GROWTH (January 2021 - January 2022): $5.9M, (22.1%)

MAIN EXPORTER (January 2022): MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION, $69.3M

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Singapore and Russia trade dynamics, check the bilateral page.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Compare to

Year

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

SectionYear

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

Year

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).

Service Trade

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Bilateral Service Trade

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Rus Year

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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Year

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.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Russia - Singapore

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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