Flag Singapore / South Korea Flag

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Top Product
: $2.83B, Integrated Circuits

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Exports
: $11B, Rnk 9 / 218

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FlagFlag
Top Product
: $3.61B, Integrated Circuits

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

2020
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Economic Complexity (ECI)
: ECI 1.88, Rnk 5 / 127

2020
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GDP
: $340B, CURRENT US$
Rnk 36 / 195

2010-2020
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GDP GROWTH
: 41.8%, CURRENT US$
Rnk 72 / 195

2020
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 GDP
: $1.64T, CURRENT US$
Rnk 10 / 195

2010-2020
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GDP GROWTH
: 43.2%, CURRENT US$
Rnk 69 / 195

2020
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GDP PC 
: $59,798, CURRENT US$
Rnk 10 / 195

2010-2020
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GDP PC GROWTH
: 26.6%, CURRENT US$
Rnk 73 / 195

2020
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GDP PC
: $31,631, CURRENT US$
Rnk 32 / 195

2010-2020
Flag
GDP PC GROWTH
: 37%, CURRENT US$
Rnk 45 / 195

In 2017, Singapore exported services to South Korea worth $1.63B, with Transportation ($975M), Other business services ($402M), and Insurance services ($178M) being the largest in terms of value.

South Korea-Singapore In N/A, South Korea exported $11B to Singapore . The main products that South Korea exported to Singapore were Integrated Circuits ($3.61B), Refined Petroleum ($1.91B), and Passenger and Cargo Ships ($1.23B). During the last N/A years the exports of South Korea to Singapore have increased at an annualized rate of 4.19%, from $6.74B in N/A to $11B 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 2020,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.84), and 19 in total exports ($281B). That same year, South Korea ranked 5 in the Economic Complexity Index (ECI 1.88), and 5 in total exports ($531B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

Singapore does not register exports to South Korea. The main products exported from Singapore to South Korea were Integrated Circuits ($2.83B), Photo Lab Equipment ($902M), and Machinery Having Individual Functions ($796M).

In 2020, South Korea exported $11B to Singapore. The main products exported from South Korea to Singapore were Integrated Circuits ($3.61B), Refined Petroleum ($1.91B), and Passenger and Cargo Ships ($1.23B). During the last 25 years the exports of South Korea to Singapore have increased at an annualized rate of 4.19%, from $6.74B in 1995 to $11B in 2020.

Singapore Exports

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South Korea Exports

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Market Competitiveness

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Measure

Singapore
Top Destination
: China, $42.9B

South Korea
Top Destination
: China, $131B

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

In 2019, countries that imported more from South Korea than Singapore were China ($131B), United States ($75B), and Vietnam ($48B).

Comparative Advantage Singapore - South Korea

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Flow

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

During 2020, South Korea had a large net trade with Singapore in the exports of Machines ($5.56B), Mineral Products ($2.06B), and Transportation ($1.31B).

Bilateral Service Trade

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In 2017, Singapore exported services to South Korea worth $1.63B, with Transportation ($975M), Other business services ($402M), and Insurance services ($178M) being the largest in terms of value.

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.

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