2021
Flag  
GDP
$424BCURRENT US$
Rnk 32 / 204
2011-2021
Flag
GDP GROWTH
51.7%CURRENT US$
Rnk 48 / 204
2021
Flag
 GDP
$5.01TCURRENT US$
Rnk 3 / 204
2011-2021
Flag
GDP GROWTH
-19.7%CURRENT US$
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2021
Flag
GDP PC 
$77,710CURRENT US$
Rnk 9 / 204
2011-2021
Flag
GDP PC GROWTH
44.2%CURRENT US$
Rnk 40 / 204
2021
Flag
GDP PC
$39,827CURRENT US$
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2011-2021
Flag
GDP PC GROWTH
-18.3%CURRENT US$
Rnk 182 / 204

About

Singapore-Japan In 2021, Singapore exported $10.8B to Japan. The main products that Singapore exported to Japan are Integrated Circuits ($1.26B), Packaged Medicaments ($969M), and Computers ($601M). During the last 26 years the exports of Singapore to Japan have increased at an annualized rate of 0.96%, from $8.41B in 1995 to $10.8B in 2021.

In 2015, Singapore exported services to Japan worth $2.85B, with Transportation ($2.29B), Insurance services ($271M), and Royalties and license fees ($224M) being the largest in terms of value.

Japan-Singapore In 2021, Japan exported $18.2B to Singapore. The main products that Japan exported to Singapore were Gold ($1.85B), Integrated Circuits ($1.4B), and Refined Petroleum ($1.12B). During the last 26 years the exports of Japan to Singapore have decreased at an annualized rate of 1.01%, from $23.7B in 1995 to $18.2B in 2021.

In 2009, Japan exported services to Singapore worth $21.6B, with Services not allocated ($10.8B), Other business services ($7.31B), and Transportation ($2.3B) being the largest in terms of value.

Comparison In 2021,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.74), and 19 in total exports ($351B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.06), and 4 in total exports ($731B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Singapore exported $10.8B to Japan. The main products exported from Singapore to Japan were Integrated Circuits ($1.26B), Packaged Medicaments ($969M), and Computers ($601M). During the last 26 years the exports of Singapore to Japan have increased at an annualized rate of 0.96%, from $8.41B in 1995 to $10.8B in 2021.

In 2021, Japan exported $18.2B to Singapore. The main products exported from Japan to Singapore were Gold ($1.85B), Integrated Circuits ($1.4B), and Refined Petroleum ($1.12B). During the last 26 years the exports of Japan to Singapore have decreased at an annualized rate of 1.01%, from $23.7B in 1995 to $18.2B in 2021.

Exports from Singapore (Flag) to Japan (Flag) (2021)

Exports from Japan (Flag) to Singapore (Flag) (2021)

Latest Data

Trade between Singapore (Flag) and Japan (Flag)

Singapore Exports

Japan Exports

Market Competitiveness

Color
Singapore
Top Destination
China$56.8B
Japan
Top Destination
China$153B

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

In 2021, countries that imported more from Singapore than Japan were Hong Kong ($54.5B), Malaysia ($27.7B), and Cambodia ($11.2B).

In 2021, countries that imported more from Japan than Singapore were United States ($128B), China ($153B), and South Korea ($51.1B).

Difference in imports from Japan (Flag) and Singapore (Flag) (2021)

Comparative Advantage Singapore - Japan

Flow
Scale

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

During 2021, Singapore had a large net trade with Japan in the exports of Machines ($3.65B), Chemical Products ($2.21B), and Instruments ($1.61B).

During 2021, Japan had a large net trade with Singapore in the exports of Machines ($7.06B), Chemical Products ($2.21B), and Precious Metals ($2.18B).

Service Trade

Bilateral Service Trade

In 2015, Singapore exported services to Japan worth $2.85B, with Transportation ($2.29B), Insurance services ($271M), and Royalties and license fees ($224M) being the largest in terms of value.

In 2009, Japan exported services to Singapore worth $21.6B, with Services not allocated ($10.8B), Other business services ($7.31B), and Transportation ($2.3B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Singapore (Flag) to Japan (Flag) (2015)

Services Exports from Japan (Flag) to Singapore (Flag) (2009)

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

Product Space of Singapore (Flag) and Japan (Flag) (2021)

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