2022
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GDP
$467BCURRENT US$
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2012-2022
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GDP GROWTH
58.2%CURRENT US$
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2022
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 GDP
$4.23TCURRENT US$
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2012-2022
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GDP GROWTH
-32.5%CURRENT US$
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GDP PC 
$82,808CURRENT US$
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2012-2022
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GDP PC GROWTH
49.1%CURRENT US$
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2022
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GDP PC
$33,815CURRENT US$
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2012-2022
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GDP PC GROWTH
-31.2%CURRENT US$
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About

Singapore-Japan In 2022, Singapore exported $12.1B to Japan. The main products that Singapore exported to Japan are Integrated Circuits ($1.47B), Machinery Having Individual Functions ($1.05B), and Packaged Medicaments ($756M). During the last 27 years the exports of Singapore to Japan have increased at an annualized rate of 1.3%, from $8.56B in 1995 to $12.1B in 2022.

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 2022, Japan exported $20.7B to Singapore. The main products that Japan exported to Singapore were Gold ($2.47B), Refined Petroleum ($2.14B), and Machinery Having Individual Functions ($1.66B). During the last 27 years the exports of Japan to Singapore have decreased at an annualized rate of 0.51%, from $23.7B in 1995 to $20.7B in 2022.

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 2022,  Singapore ranked 5 in the Economic Complexity Index (ECI 1.53), and 21 in total exports ($379B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 1.99), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $12.1B to Japan. The main products exported from Singapore to Japan were Integrated Circuits ($1.47B), Machinery Having Individual Functions ($1.05B), and Packaged Medicaments ($756M). During the last 27 years the exports of Singapore to Japan have increased at an annualized rate of 1.3%, from $8.56B in 1995 to $12.1B in 2022.

In 2022, Japan exported $20.7B to Singapore. The main products exported from Japan to Singapore were Gold ($2.47B), Refined Petroleum ($2.14B), and Machinery Having Individual Functions ($1.66B). During the last 27 years the exports of Japan to Singapore have decreased at an annualized rate of 0.51%, from $23.7B in 1995 to $20.7B in 2022.

Exports from Singapore (Flag) to Japan (Flag) (2022)

Exports from Japan (Flag) to Singapore (Flag) (2022)

Latest Data

Trade between Singapore (Flag) and Japan (Flag)

Singapore Exports

Japan Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$51.6B
Japan
Top Destination
United States$137B

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 ($51.6B), Malaysia ($35.9B), and Cambodia ($8.2B).

In 2021, countries that imported more from Japan than Singapore were United States ($137B), China ($135B), and South Korea ($50.8B).

Difference in imports from Japan (Flag) and Singapore (Flag) (2022)

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 2022, Singapore had a large net trade with Japan in the exports of Machines ($5.18B), Chemical Products ($1.94B), and Instruments ($1.23B).

During 2022, Japan had a large net trade with Singapore in the exports of Machines ($8.05B), Precious Metals ($2.88B), and Mineral Products ($2.26B).

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) (2022)

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