Singapore / Malaysia

Singapore-Malaysia Trade: In 2022, Singapore exported $34.3B to Malaysia. The main products that Singapore exported to Malaysia were Refined Petroleum ($11.2B), Integrated Circuits ($7.78B), and Gold ($1.16B). Over the past 5 years the exports of Singapore to Malaysia have increased at an annualized rate of 19.9%, from $13.8B in 2017 to $34.3B in 2022.

In 2022, Singapore did not export any services to Malaysia.

Malaysia-Singapore Trade: In 2022, Malaysia exported $40.1B to Singapore. The main products that Malaysia exported to Singapore were Integrated Circuits ($17.8B), Refined Petroleum ($10.1B), and Machinery Having Individual Functions ($2.77B). Over the past 5 years the exports of Malaysia to Singapore have increased at an annualized rate of 20.3%,  from $15.9B in 2017 to $40.1B in 2022.

In 2010, Malaysia exported services to Singapore worth $10.7B, with Travel ($9.17B), Other business services ($868M), and Transportation ($362M) 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, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).