Singapore (SGP) and Hong Kong (HKG) Trade | The Observatory of Economic Complexity

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Singapore-Hong Kong In 2022, Singapore exported $51.6B to Hong Kong. The main products that Singapore exported to Hong Kong are Integrated Circuits ($36.7B), Semiconductor Devices ($2.21B), and Refined Petroleum ($2.01B). During the last 27 years the exports of Singapore to Hong Kong have increased at an annualized rate of 5.82%, from $11.2B in 1995 to $51.6B in 2022.

In 2015, Singapore exported services to Hong Kong worth $3.47B, with Other business services ($1.74B), Transportation ($1.49B), and Insurance services ($115M) being the largest in terms of value.

Hong Kong-Singapore In 2022, Hong Kong exported $3.1B to Singapore. The main products that Hong Kong exported to Singapore were Gold ($1.34B), Integrated Circuits ($342M), and Jewellery ($199M). During the last 27 years the exports of Hong Kong to Singapore have decreased at an annualized rate of 0.91%, from $3.97B in 1995 to $3.1B in 2022.

In 2022, Hong Kong 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, Hong Kong ranked 26 in the Economic Complexity Index (ECI 0.99), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Singapore exported $51.6B to Hong Kong. The main products exported from Singapore to Hong Kong were Integrated Circuits ($36.7B), Semiconductor Devices ($2.21B), and Refined Petroleum ($2.01B). During the last 27 years the exports of Singapore to Hong Kong have increased at an annualized rate of 5.82%, from $11.2B in 1995 to $51.6B in 2022.

In 2022, Hong Kong exported $3.1B to Singapore. The main products exported from Hong Kong to Singapore were Gold ($1.34B), Integrated Circuits ($342M), and Jewellery ($199M). During the last 27 years the exports of Hong Kong to Singapore have decreased at an annualized rate of 0.91%, from $3.97B in 1995 to $3.1B in 2022.

Exports from Singapore () to Hong Kong () (2022)

Exports from Hong Kong () to Singapore () (2022)

Latest Data

Trade between Singapore () and Hong Kong ()

Singapore Exports

Date

Hong Kong Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Hong Kong
Top DestinationChina$23.4B

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

In 2021, countries that imported more from Singapore than Hong Kong were Malaysia ($35.9B), China ($51.2B), and United States ($28.9B).

In 2021, countries that imported more from Hong Kong than Singapore were Macau ($2.73B), Russia ($2.38B), and Hungary ($1.88B).

Difference in imports from Hong Kong () and Singapore () (2022)

Comparative Advantage Singapore - Hong Kong

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with Hong Kong in the exports of Machines ($45B), Mineral Products ($2.03B), and Precious Metals ($1.21B).

During 2022, Hong Kong had a large net trade with Singapore in the exports of Precious Metals ($1.64B), Machines ($943M), and Chemical Products ($112M).

Service Trade

Bilateral Service Trade

Sgp Year

In 2015, Singapore exported services to Hong Kong worth $3.47B, with Other business services ($1.74B), Transportation ($1.49B), and Insurance services ($115M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Singapore () to Hong Kong () (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 Hong Kong. Similarly, the more yellow a dot/product is, the more Hong Kong has comparative advantage over Singapore.

About

Historical Data

Bilateral Trade by Products

Exports from Singapore () to Hong Kong () (2022)

Exports from Hong Kong () to Singapore () (2022)

Latest Data

Trade between Singapore () and Hong Kong ()

Singapore Exports

Hong Kong Exports

Market Competitiveness

Difference in imports from Hong Kong () and Singapore () (2022)

Comparative Advantage Singapore - Hong Kong

Service Trade

Bilateral Service Trade

Services Exports from Singapore () to Hong Kong () (2015)

Economic Complexity

Competitive Landscape

Product Space of Singapore () and Hong Kong () (2022)

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