Flag Singapore / Malaysia Flag

Exports Flag β†’ Flag  (2018): $32.3B, Rnk 3 / 213

Top Product Flag β†’ Flag (2018): $10.5B, Refined Petroleum

Exports Flag β†’ Flag (2018): $36.8B, Rnk 1 / 208

Top Product Flag β†’ Flag (2018): $9.73B, Integrated Circuits

Economic Complexity of Flag (2018): ECI 1.71, Rnk 6 / 137

Economic Complexity of Flag (2018): ECI 0.97, Rnk 26 / 137

GDP Flag (2018): $364B, CURRENT US$
Rnk 33 / 196

GDP GROWTH Flag (2008-2018): 88.1%, CURRENT US$
Rnk 43 / 196

GDP Flag (2018): $359B, CURRENT US$
Rnk 35 / 196

GDP GROWTH Flag (2008-2018): 55.4%, CURRENT US$
Rnk 74 / 196

GDP PC Flag (2018): $64,582, CURRENT US$
Rnk 9 / 196

GDP PC GROWTH Flag (2008-2018): 61.4%, CURRENT US$
Rnk 37 / 196

GDP PC Flag (2018): $11,373, CURRENT US$
Rnk 68 / 196

GDP PC GROWTH Flag (2008-2018): 34.2%, CURRENT US$
Rnk 73 / 196

Singapore-Malaysia: In 2018, Singapore exported $32.3B to Malaysia. The main products exported from Singapore to Malaysia were Refined Petroleum ($10.5B), Integrated Circuits ($7.14B), and Gold ($720M). During the last 23 years the exports of Singapore to Malaysia have increased at an annualized rate of 4.91%, from $10.7B in 1995 to $32.3B in 2018.

Malaysia-Singapore: In 2018, Malaysia exported $36.8B to Singapore. The main products exported from Malaysia to Singapore were Integrated Circuits ($9.73B), Refined Petroleum ($6.37B), and Semiconductor Devices ($1.3B). During the last 23 years the exports of Malaysia to Singapore have increased at an annualized rate of 3.02%, from $18.6B in 1995 to $36.8B in 2018. 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 2018, Singapore ranked 6 in the Economic Complexity Index (ECI 1.71), and 17 in total exports ($323B). That same year, Malaysia ranked 26 in the Economic Complexity Index (ECI 0.97), and 20 in total exports ($270B). In terms of GDP Per Capita, Singapore was ranked 9 with a GDP Per Capita of $64,582, and Malaysia was ranked 68 with a GDP Per Capita of $11,373.

Bilateral Trade by Products

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Depth
Value

In 2018, Singapore exported $32.3B to Malaysia. The main products exported from Singapore to Malaysia were Refined Petroleum ($10.5B), Integrated Circuits ($7.14B), and Gold ($720M). During the last 23 years the exports of Singapore to Malaysia have increased at an annualized rate of 4.91%, from $10.7B in 1995 to $32.3B in 2018.

In 2018, Malaysia exported $36.8B to Singapore. The main products exported from Malaysia to Singapore were Integrated Circuits ($9.73B), Refined Petroleum ($6.37B), and Semiconductor Devices ($1.3B). During the last 23 years the exports of Malaysia to Singapore have increased at an annualized rate of 3.02%, from $18.6B in 1995 to $36.8B in 2018.

Market Competitiveness

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Measure

Singapore
Top Destination
: China, $44.3B

Malaysia
Top Destination
: Singapore, $36.8B

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

In 2018, countries that imported more from Singapore than Malaysia were Hong Kong ($41.5B), Indonesia ($24.8B), and China ($44.3B).

In 2018, countries that imported more from Malaysia than Singapore were Japan ($17.2B), Thailand ($13.9B), and United States ($28.3B).

Comparative Advantage Singapore - Malaysia

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Depth

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

During 2018, Singapore had a large net trade with Malaysia in the exports of Machines ($13.3B), Mineral Products ($10.8B), and Chemical Products ($1.83B).

During 2018, Malaysia had a large net trade with Singapore in the exports of Machines ($18.7B), Mineral Products ($8.46B), and Instruments ($1.36B).

Trade Forecasts

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This section shows a forecast for total trade between Singapore and Malaysia. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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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.

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 red.  This mean that the more blue a dot/product is, the more Singapore has comparative advantage over Malaysia. Similarly, the more red a dot/product is, the more Malaysia has comparative advantage over Singapore.