2023
Flag  
GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 195
2023
Flag
 GDP
$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH
16%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC 
$84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC
$53,431CURRENT US$
Rnk 22 / 196
2013-2023
Flag
GDP PC GROWTH
1.51%CURRENT US$
Rnk 152 / 195

About

Singapore-Canada Trade: In 2023, Singapore exported $1.07B to Canada. The main products that Singapore exported to Canada were Broadcasting Equipment ($71.7M), Vaccines, blood, antisera, toxins and cultures ($68.8M), and Packaged Medicaments ($61.7M). Over the past 5 years the exports of Singapore to Canada have increased at an annualized rate of 0.091%, from $1.07B in 2018 to $1.07B in 2023.

In 2023, Singapore did not export any services to Canada.

Canada-Singapore Trade: In 2023, Canada exported $1.83B to Singapore. The main products that Canada exported to Singapore were Gas Turbines ($785M), Integrated Circuits ($123M), and Air Conditioners ($70.2M). Over the past 5 years the exports of Canada to Singapore have increased at an annualized rate of 5.1%,  from $1.43B in 2018 to $1.83B in 2023.

In 2020, Canada exported services to Singapore worth $446M, with Transportation ($195M), Financial services ($139M), and Computer and information services ($53.7M) being the largest in terms of value.

Comparison: In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Singapore exported $1.07B to Canada. The main products exported from Singapore to Canada were Broadcasting Equipment ($71.7M), Vaccines, blood, antisera, toxins and cultures ($68.8M), and Packaged Medicaments ($61.7M). During the last 5 years the exports of Singapore to Canada have increased at an annualized rate of 0.091%, from $1.07B in 2018 to $1.07B in 2023.

In 2018, Canada exported $1.83B to Singapore. The main products exported from Canada to Singapore were Gas Turbines ($785M), Integrated Circuits ($123M), and Air Conditioners ($70.2M). During the last 5 years the exports of Canada to Singapore have increased at an annualized rate of 5.1%, from $1.43B in 2023 to $1.83B in 2018.

Exports from Singapore (Flag) to Canada (Flag) (2023)

Exports from Canada (Flag) to Singapore (Flag) (2023)

Latest Data

Trade between Singapore (Flag) and Canada (Flag)

Singapore Exports

Canada Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$44.5B
Canada
Top Destination
United States$410B

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

In 2023, countries that imported more from Singapore than Canada included Hong Kong ($44.5B), Malaysia ($31.4B), and Indonesia ($18.2B).

In 2023, countries that imported more from Canada than Singapore included United States ($410B), United Kingdom ($18B), and Mexico ($8.76B).

Difference in imports from Canada (Flag) and Singapore (Flag) (2023)

Comparative Advantage Singapore - Canada

Flow
Scale

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

During 2023, Singapore had a large net trade with Canada in the exports of Machines ($470M), Instruments ($225M), and Chemical Products ($191M).

During 2018, Canada had a large net trade with Singapore in the exports of Machines ($1.24B), Transportation ($94.7M), and Instruments ($88.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Canada+$51.4MIntegrated Circuits
Top Product Potential Canada Singapore+$95.8MGold

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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Bilateral Service Trade

In 2020, Canada exported services to Singapore worth $446M, with Transportation ($195M), Financial services ($139M), and Computer and information services ($53.7M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Singapore (Flag) and Canada (Flag) (2023)

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