Singapore (SGP) and Benin (BEN) Trade | The Observatory of Economic Complexity

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Singapore-Benin Trade: In 2022, Singapore exported $22.6M to Benin. The main products that Singapore exported to Benin were Rice ($10.1M), Palm Oil ($2.41M), and Hot-Rolled Iron Bars ($1.95M). Over the past 5 years the exports of Singapore to Benin have decreased at an annualized rate of 5.58%, from $30.1M in 2017 to $22.6M in 2022.

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

Benin-Singapore Trade: In 2022, Benin exported $159k to Singapore. The main products that Benin exported to Singapore were Raw Plastic Sheeting ($140k), Excavation Machinery ($10.5k), and Iron Fasteners ($5.57k). Over the past 5 years the exports of Benin to Singapore have decreased at an annualized rate of 49.4%, from $4.81M in 2017 to $159k in 2022.

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

Comparison: In 2022, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Singapore exported $22.6M to Benin. The main products exported from Singapore to Benin were Rice ($10.1M), Palm Oil ($2.41M), and Hot-Rolled Iron Bars ($1.95M). During the last 5 years the exports of Singapore to Benin have decreased at an annualized rate of 5.58%, from $30.1M in 2017 to $22.6M in 2022.

In 2017, Benin exported $159k to Singapore. The main products exported from Benin to Singapore were Raw Plastic Sheeting ($140k), Excavation Machinery ($10.5k), and Iron Fasteners ($5.57k). During the last 5 years the exports of Benin to Singapore have decreased at an annualized rate of 49.4%, from $4.81M in 2022 to $159k in 2017.

Exports from Singapore () to Benin () (2022)

Exports from Benin () to Singapore () (2022)

Latest Data

Trade between Singapore () and Benin ()

Singapore Exports

Date

Benin Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Benin
Top DestinationIndia$448M

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

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

In 2022, countries that imported more from Benin than Singapore included Chad ($28M), Niger ($16.9M), and Mali ($7.69M).

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

Comparative Advantage Singapore - Benin

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with Benin in the exports of Vegetable Products ($10.4M), Metals ($4.45M), and Animal and Vegetable Bi-Products ($2.41M).

During 2017, Benin had a large net trade with Singapore in the exports of N/A.

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Singapore Benin+$1.56MRefined Petroleum

Top Product Potential Benin Singapore+$115kRaw Plastic Sheeting

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Singapore () to Benin () (2022)

Exports from Benin () to Singapore () (2022)

Latest Data

Trade between Singapore () and Benin ()

Singapore Exports

Benin Exports

Market Competitiveness

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

Comparative Advantage Singapore - Benin

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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