2022
Flag  
GDP
$467BCURRENT US$
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2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
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2022
Flag
 GDP
$2.14TCURRENT US$
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2012-2022
Flag
GDP GROWTH
17%CURRENT US$
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2022
Flag
GDP PC 
$82,808CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
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2022
Flag
GDP PC
$54,966CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
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About

Singapore-Canada In 2022, Singapore exported $1.12B to Canada. The main products that Singapore exported to Canada are Vaccines, blood, antisera, toxins and cultures ($91.8M), Other Heating Machinery ($88.7M), and Integrated Circuits ($71M). During the last 27 years the exports of Singapore to Canada have increased at an annualized rate of 0.47%, from $992M in 1995 to $1.12B in 2022.

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

Canada-Singapore In 2022, Canada exported $1.77B to Singapore. The main products that Canada exported to Singapore were Gas Turbines ($487M), Gold ($372M), and Integrated Circuits ($111M). During the last 27 years the exports of Canada to Singapore have increased at an annualized rate of 5.3%, from $439M in 1995 to $1.77B in 2022.

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 2022,  Singapore ranked 5 in the Economic Complexity Index (ECI 1.53), and 21 in total exports ($379B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.85), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $1.12B to Canada. The main products exported from Singapore to Canada were Vaccines, blood, antisera, toxins and cultures ($91.8M), Other Heating Machinery ($88.7M), and Integrated Circuits ($71M). During the last 27 years the exports of Singapore to Canada have increased at an annualized rate of 0.47%, from $992M in 1995 to $1.12B in 2022.

In 2022, Canada exported $1.77B to Singapore. The main products exported from Canada to Singapore were Gas Turbines ($487M), Gold ($372M), and Integrated Circuits ($111M). During the last 27 years the exports of Canada to Singapore have increased at an annualized rate of 5.3%, from $439M in 1995 to $1.77B in 2022.

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

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

Latest Data

Trade between Singapore (Flag) and Canada (Flag)

Singapore Exports

Canada Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$51.6B
Canada
Top Destination
United States$438B

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 2021, countries that imported more from Singapore than Canada were Hong Kong ($51.6B), Malaysia ($35.9B), and China ($51.2B).

In 2021, countries that imported more from Canada than Singapore were United States ($438B), United Kingdom ($12.9B), and Mexico ($7.39B).

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

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 2022, Singapore had a large net trade with Canada in the exports of Machines ($531M), Chemical Products ($208M), and Instruments ($173M).

During 2022, Canada had a large net trade with Singapore in the exports of Machines ($842M), Precious Metals ($400M), and Chemical Products ($80.1M).

Service Trade

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)

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

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

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