2023
Flag  
GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 195
2023
Flag
 GDP
$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH
25%CURRENT US$
Rnk 127 / 195
2023
Flag
GDP PC 
$84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC
$33,121CURRENT US$
Rnk 41 / 196
2013-2023
Flag
GDP PC GROWTH
21.9%CURRENT US$
Rnk 99 / 195

About

In N/A, Singapore did not export any services to South Korea.

South Korea-Singapore Trade: In N/A, South Korea exported $25.3B to Singapore. The main products that South Korea exported to Singapore were Integrated Circuits ($15.3B), Refined Petroleum ($4.49B), and Machinery Having Individual Functions ($696M). Over the past N/A years the exports of South Korea to Singapore have increased at an annualized rate of 11%,  from $15B in N/A to $25.3B in N/A.

In 2005, South Korea exported services to Singapore worth $1.27B, with Transportation ($610M), Other business services ($361M), and Travel ($125M) being the largest in terms of value.

Comparison: In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth
Value

Singapore does not register exports to South Korea. The main products exported from Singapore to South Korea were Integrated Circuits ($5.91B), Machinery Having Individual Functions ($3.2B), and Refined Petroleum ($1.68B).

In 2018, South Korea exported $25.3B to Singapore. The main products exported from South Korea to Singapore were Integrated Circuits ($15.3B), Refined Petroleum ($4.49B), and Machinery Having Individual Functions ($696M). During the last 5 years the exports of South Korea to Singapore have increased at an annualized rate of 11%, from $15B in 2023 to $25.3B in 2018.

Exports from Singapore (Flag) to South Korea (Flag) (2023)

Exports from South Korea (Flag) to Singapore (Flag) (2023)

Latest Data

Trade between Singapore (Flag) and South Korea (Flag)

Singapore Exports

South Korea Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$44.5B
South Korea
Top Destination
China$162B

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

In 2023, countries that imported more from Singapore than South Korea included Malaysia ($31.4B), Vietnam ($16.4B), and Hong Kong ($44.5B).

In 2023, countries that imported more from South Korea than Singapore included China ($162B), United States ($118B), and Chinese Taipei ($28.2B).

Difference in imports from South Korea (Flag) and Singapore (Flag) (2023)

Comparative Advantage Singapore - South Korea

Flow
Scale

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

During 2018, South Korea had a large net trade with Singapore in the exports of N/A.

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore South Korea+$452MIntegrated Circuits
Top Product Potential South Korea Singapore+$57.8MTelephones

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Singapore and South Korea. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over South Korea. Similarly, a dot/product with the flag of South Korea indicates it has a comparative advantage over Singapore.

Product Space of Singapore (Flag) and South Korea (Flag) (2023)

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