Singapore / South Korea

Singapore-South Korea Trade: In 2022, Singapore exported $14.4B to South Korea. The main products that Singapore exported to South Korea were Integrated Circuits ($3.28B), Machinery Having Individual Functions ($2.33B), and Refined Petroleum ($566M). Over the past 5 years the exports of Singapore to South Korea have increased at an annualized rate of 38.8%, from $2.79B in 2017 to $14.4B in 2022.

In 2015, Singapore exported services to South Korea worth $1.85B, with Transportation ($1.03B), Other business services ($483M), and Insurance services ($171M) being the largest in terms of value.

South Korea-Singapore Trade: In 2022, South Korea exported $20.9B to Singapore. The main products that South Korea exported to Singapore were Integrated Circuits ($7.89B), Refined Petroleum ($7.15B), and Passenger and Cargo Ships ($1.28B). Over the past 5 years the exports of South Korea to Singapore have increased at an annualized rate of 25.4%,  from $6.74B in 2017 to $20.9B in 2022.

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 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).