Singapore (SGP) and Israel (ISR) Trade | The Observatory of Economic Complexity

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Singapore-Israel In 2022, Singapore exported $2.08B to Israel. The main products that Singapore exported to Israel are Refined Petroleum ($388M), Diamonds ($209M), and Integrated Circuits ($182M). During the last 27 years the exports of Singapore to Israel have increased at an annualized rate of 7.56%, from $291M in 1995 to $2.08B in 2022.

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

Israel-Singapore In 2022, Israel exported $1.06B to Singapore. The main products that Israel exported to Singapore were Diamonds ($189M), Other Measuring Instruments ($102M), and Gas Turbines ($71.9M). During the last 27 years the exports of Israel to Singapore have increased at an annualized rate of 5.46%, from $252M in 1995 to $1.06B in 2022.

In 2012, Israel exported services to Singapore worth $12.2M, with Computer and information services ($9.07M) and Construction services ($3.14M) 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, Israel ranked 19 in the Economic Complexity Index (ECI 1.17), and 49 in total exports ($76.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Singapore exported $2.08B to Israel. The main products exported from Singapore to Israel were Refined Petroleum ($388M), Diamonds ($209M), and Integrated Circuits ($182M). During the last 27 years the exports of Singapore to Israel have increased at an annualized rate of 7.56%, from $291M in 1995 to $2.08B in 2022.

In 2022, Israel exported $1.06B to Singapore. The main products exported from Israel to Singapore were Diamonds ($189M), Other Measuring Instruments ($102M), and Gas Turbines ($71.9M). During the last 27 years the exports of Israel to Singapore have increased at an annualized rate of 5.46%, from $252M in 1995 to $1.06B in 2022.

Exports from Singapore () to Israel () (2022)

Exports from Israel () to Singapore () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Israel
Top DestinationUnited States$20.3B

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

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

In 2021, countries that imported more from Israel than Singapore were Palestine ($4.6B), Ireland ($3.86B), and Turkey ($2.33B).

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

Comparative Advantage Singapore - Israel

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with Israel in the exports of Machines ($777M), Mineral Products ($398M), and Precious Metals ($224M).

During 2022, Israel had a large net trade with Singapore in the exports of Machines ($454M), Precious Metals ($192M), and Instruments ($183M).

Service Trade

Bilateral Service Trade

Isr Year

In 2012, Israel exported services to Singapore worth $12.2M, with Computer and information services ($9.07M) and Construction services ($3.14M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Israel () to Singapore () (2012)

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

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Historical Data

Bilateral Trade by Products

Exports from Singapore () to Israel () (2022)

Exports from Israel () to Singapore () (2022)

Market Competitiveness

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

Comparative Advantage Singapore - Israel

Service Trade

Bilateral Service Trade

Services Exports from Israel () to Singapore () (2012)

Economic Complexity

Competitive Landscape

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

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