Singapore / Malaysia

Singapore-Malaysia Trade: In 2023, Singapore exported $31.4B to Malaysia. The main products that Singapore exported to Malaysia were Refined Petroleum ($8.87B), Integrated Circuits ($6.15B), and Semiconductor Devices ($1.56B). Over the past 5 years the exports of Singapore to Malaysia have increased at an annualized rate of 3.71%, from $26.1B in 2018 to $31.4B in 2023.

In 2023, Singapore did not export any services to Malaysia.

Malaysia-Singapore Trade: In 2023, Malaysia exported $47.3B to Singapore. The main products that Malaysia exported to Singapore were Integrated Circuits ($12.1B), Refined Petroleum ($8.91B), and Machinery Having Individual Functions ($2.79B). Over the past 5 years the exports of Malaysia to Singapore have increased at an annualized rate of 2.28%,  from $42.3B in 2018 to $47.3B in 2023.

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 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). That same year, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).