Singapore (SGP) and China (CHN) Trade | The Observatory of Economic Complexity

About

Singapore-China In 2022, Singapore exported $51.2B to China. The main products that Singapore exported to China are Integrated Circuits ($15B), Machinery Having Individual Functions ($5.54B), and Ethylene Polymers ($2.69B). During the last 27 years the exports of Singapore to China have increased at an annualized rate of 10.9%, from $3.15B in 1995 to $51.2B in 2022.

In 2015, Singapore exported services to China worth $7.08B, with Transportation ($4.57B), Other business services ($1.83B), and Royalties and license fees ($392M) being the largest in terms of value.

China-Singapore In 2022, China exported $73.3B to Singapore. The main products that China exported to Singapore were Refined Petroleum ($8.48B), Integrated Circuits ($6.58B), and Broadcasting Equipment ($4.65B). During the last 27 years the exports of China to Singapore have increased at an annualized rate of 11.5%, from $3.91B in 1995 to $73.3B in 2022.

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

Comparison In 2022, Singapore ranked 5 in the Economic Complexity Index (ECI 1.53), and 21 in total exports ($379B). That same year, China ranked 24 in the Economic Complexity Index (ECI 1.01), and 1 in total exports ($3.73T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Singapore exported $51.2B to China. The main products exported from Singapore to China were Integrated Circuits ($15B), Machinery Having Individual Functions ($5.54B), and Ethylene Polymers ($2.69B). During the last 27 years the exports of Singapore to China have increased at an annualized rate of 10.9%, from $3.15B in 1995 to $51.2B in 2022.

In 2022, China exported $73.3B to Singapore. The main products exported from China to Singapore were Refined Petroleum ($8.48B), Integrated Circuits ($6.58B), and Broadcasting Equipment ($4.65B). During the last 27 years the exports of China to Singapore have increased at an annualized rate of 11.5%, from $3.91B in 1995 to $73.3B in 2022.

Exports from Singapore () to China () (2022)

Exports from China () to Singapore () (2022)

Latest Data

Trade between Singapore () and China ()

Singapore Exports

Date

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

China
Top DestinationUnited States$551B

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

In 2021, countries that imported more from Singapore than China were Guam ($444M), Fiji ($763M), and New Caledonia ($367M).

In 2021, countries that imported more from China than Singapore were United States ($551B), Hong Kong ($276B), and Japan ($178B).

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

Comparative Advantage Singapore - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with China in the exports of Machines ($27.7B), Chemical Products ($6.55B), and Plastics and Rubbers ($5.72B).

During 2022, China had a large net trade with Singapore in the exports of Machines ($31.9B), Mineral Products ($8.73B), and Transportation ($7.02B).

Service Trade

Bilateral Service Trade

Sgp Year

In 2015, Singapore exported services to China worth $7.08B, with Transportation ($4.57B), Other business services ($1.83B), and Royalties and license fees ($392M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Singapore () to China () (2015)

Economic Complexity

Competitive Landscape

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

About

Historical Data

Bilateral Trade by Products

Exports from Singapore () to China () (2022)

Exports from China () to Singapore () (2022)

Latest Data

Trade between Singapore () and China ()

Singapore Exports

China Exports

Market Competitiveness

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

Comparative Advantage Singapore - China

Service Trade

Bilateral Service Trade

Services Exports from Singapore () to China () (2015)

Economic Complexity

Competitive Landscape

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

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