Flag Singapore / Japan Flag

2020
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Exports
: $11B, Rnk 8 / 212

2020
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Top Product
: $1.13B, Packaged Medicaments

2020
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Exports
: $15.8B, Rnk 9 / 213

2020
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Top Product
: $1.62B, Gold

2020
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Economic Complexity (ECI)
: ECI 1.84, Rnk 6 / 127

2020
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Economic Complexity (ECI)
: ECI 2.19, Rnk 1 / 127

2020
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GDP
: $345B, CURRENT US$
Rnk 36 / 204

2010-2020
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GDP GROWTH
: 44%, CURRENT US$
Rnk 68 / 204

2020
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 GDP
: $5.04T, CURRENT US$
Rnk 3 / 204

2010-2020
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GDP GROWTH
: -12.5%, CURRENT US$
Rnk 188 / 204

2020
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GDP PC 
: $60,729, CURRENT US$
Rnk 11 / 204

2010-2020
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GDP PC GROWTH
: 28.6%, CURRENT US$
Rnk 68 / 204

2020
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GDP PC
: $39,918, CURRENT US$
Rnk 28 / 204

2010-2020
Flag
GDP PC GROWTH
: -11.2%, CURRENT US$
Rnk 170 / 204

Singapore-Japan In 2020, Singapore exported $11B to Japan. The main products that Singapore exported to Japan are Packaged Medicaments ($1.13B), Gas Turbines ($1.02B), and Integrated Circuits ($999M). During the last 25 years the exports of Singapore to Japan have increased at an annualized rate of 1.42%, from $7.74B in 1995 to $11B in 2020.

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 2020, Japan exported $15.8B to Singapore. The main products that Japan exported to Singapore were Gold ($1.62B), Integrated Circuits ($1.49B), and Passenger and Cargo Ships ($1.41B). During the last 25 years the exports of Japan to Singapore have decreased at an annualized rate of 1.48%, from $22.9B in 1995 to $15.8B in 2020.

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 2020,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.84), and 19 in total exports ($281B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.19), and 4 in total exports ($623B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Singapore exported $11B to Japan. The main products exported from Singapore to Japan were Packaged Medicaments ($1.13B), Gas Turbines ($1.02B), and Integrated Circuits ($999M). During the last 25 years the exports of Singapore to Japan have increased at an annualized rate of 1.42%, from $7.74B in 1995 to $11B in 2020.

In 2020, Japan exported $15.8B to Singapore. The main products exported from Japan to Singapore were Gold ($1.62B), Integrated Circuits ($1.49B), and Passenger and Cargo Ships ($1.41B). During the last 25 years the exports of Japan to Singapore have decreased at an annualized rate of 1.48%, from $22.9B in 1995 to $15.8B in 2020.

Singapore Exports

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Market Competitiveness

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Measure

Singapore
Top Destination
: China, $42.9B

Japan
Top Destination
: China, $133B

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 2019, countries that imported more from Singapore than Japan were Hong Kong ($41.7B), Malaysia ($22.9B), and Indonesia ($14.8B).

In 2019, countries that imported more from Japan than Singapore were China ($133B), United States ($112B), and South Korea ($42.9B).

Comparative Advantage Singapore - Japan

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Flow

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

During 2020, Singapore had a large net trade with Japan in the exports of Machines ($4.12B), Chemical Products ($2.57B), and Instruments ($1.83B).

During 2020, Japan had a large net trade with Singapore in the exports of Machines ($6.24B), Transportation ($2B), and Precious Metals ($1.85B).

Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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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.