Singapore (SGP) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Singapore-Greece Trade: In 2023, Singapore exported $134M to Greece. The main products that Singapore exported to Greece were Raw Aluminium ($49.2M), Recreational Boats ($23.5M), and Refined Petroleum ($20.5M). Over the past 5 years the exports of Singapore to Greece have increased at an annualized rate of 11.2%, from $79M in 2018 to $134M in 2023.

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

Greece-Singapore Trade: In 2023, Greece exported $369M to Singapore. The main products that Greece exported to Singapore were Refined Petroleum ($300M), Packaged Medicaments ($11.5M), and Engine Parts ($5.32M). Over the past 5 years the exports of Greece to Singapore have decreased at an annualized rate of 6.35%, from $513M in 2018 to $369M in 2023.

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

Comparison: In 2023, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). That same year, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Singapore exported $134M to Greece. The main products exported from Singapore to Greece were Raw Aluminium ($49.2M), Recreational Boats ($23.5M), and Refined Petroleum ($20.5M). During the last 5 years the exports of Singapore to Greece have increased at an annualized rate of 11.2%, from $79M in 2018 to $134M in 2023.

In 2018, Greece exported $369M to Singapore. The main products exported from Greece to Singapore were Refined Petroleum ($300M), Packaged Medicaments ($11.5M), and Engine Parts ($5.32M). During the last 5 years the exports of Greece to Singapore have decreased at an annualized rate of 6.35%, from $513M in 2023 to $369M in 2018.

Exports from Singapore () to Greece () (2023)

Exports from Greece () to Singapore () (2023)

Latest Data

Trade between Singapore () and Greece ()

Singapore Exports

Date

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$44.5B

Greece
Top DestinationItaly$6.21B

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

In 2023, countries that imported more from Singapore than Greece included Hong Kong ($44.5B), China ($36.7B), and Malaysia ($31.4B).

In 2023, countries that imported more from Greece than Singapore included Italy ($6.21B), Cyprus ($3.03B), and Bulgaria ($2.38B).

Difference in imports from Greece () and Singapore () (2023)

Comparative Advantage Singapore - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Singapore had a large net trade with Greece in the exports of Metals ($51.1M), Transportation ($25.4M), and Mineral Products ($20.5M).

During 2018, Greece had a large net trade with Singapore in the exports of Mineral Products ($300M), Machines ($19.4M), and Chemical Products ($16.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Singapore Greece+$18.9MPackaged Medicaments

Top Product Potential Greece Singapore+$215MRefined Petroleum

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 Greece. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Greece. Similarly, a dot/product with the flag of Greece indicates it has a comparative advantage over Singapore.

About

Historical Data

Bilateral Trade by Products

Exports from Singapore () to Greece () (2023)

Exports from Greece () to Singapore () (2023)

Latest Data

Trade between Singapore () and Greece ()

Singapore Exports

Greece Exports

Market Competitiveness

Difference in imports from Greece () and Singapore () (2023)

Comparative Advantage Singapore - Greece

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Singapore () and Greece () (2023)

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