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2023
Flag → Flag
Exports $886MRnk 34 / 217
2023
Flag → Flag
Top Product $473MPassenger and Cargo Ships
2023
Flag → Flag
Exports $447MRnk 32 / 205
2023
Flag → Flag
Top Product $72.1MNon-fillet Fresh Fish
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag  
GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
 GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
GDP PC $84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC$87,925CURRENT US$
Rnk 7 / 196
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195

About

Singapore-Norway Trade: In 2023, Singapore exported $886M to Norway. The main products that Singapore exported to Norway were Passenger and Cargo Ships ($473M), Nickel Mattes ($73.1M), and Nucleic Acids ($45.1M). Over the past 5 years the exports of Singapore to Norway have increased at an annualized rate of 16.6%, from $412M in 2018 to $886M in 2023.

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

Norway-Singapore Trade: In 2023, Norway exported $447M to Singapore. The main products that Norway exported to Singapore were Non-fillet Fresh Fish ($72.1M), Liquid Pumps ($47.4M), and Excavation Machinery ($19.5M). Over the past 5 years the exports of Norway to Singapore have decreased at an annualized rate of 6.99%,  from $643M in 2018 to $447M in 2023.

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

Comparison: In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). That same year, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Singapore exported $886M to Norway. The main products exported from Singapore to Norway were Passenger and Cargo Ships ($473M), Nickel Mattes ($73.1M), and Nucleic Acids ($45.1M). During the last 5 years the exports of Singapore to Norway have increased at an annualized rate of 16.6%, from $412M in 2018 to $886M in 2023.

In 2018, Norway exported $447M to Singapore. The main products exported from Norway to Singapore were Non-fillet Fresh Fish ($72.1M), Liquid Pumps ($47.4M), and Excavation Machinery ($19.5M). During the last 5 years the exports of Norway to Singapore have decreased at an annualized rate of 6.99%, from $643M in 2023 to $447M in 2018.

Exports from Singapore (Flag) to Norway (Flag) (2023)

Exports from Norway (Flag) to Singapore (Flag) (2023)

Latest Data

Trade between Singapore (Flag) and Norway (Flag)

Singapore Exports

Norway Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$44.5B
Norway
Top DestinationGermany$33.8B

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

In 2023, countries that imported more from Singapore than Norway included Hong Kong ($44.5B), China ($36.7B), and Malaysia ($31.4B).

In 2023, countries that imported more from Norway than Singapore included United Kingdom ($32.6B), Germany ($33.8B), and Sweden ($15.9B).

Difference in imports from Norway (Flag) and Singapore (Flag) (2023)

Comparative Advantage Singapore - Norway

Flow
Scale

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

During 2023, Singapore had a large net trade with Norway in the exports of Transportation ($473M), Machines ($158M), and Metals ($107M).

During 2018, Norway had a large net trade with Singapore in the exports of Machines ($196M), Animal Products ($92.9M), and Metals ($44.3M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Singapore and Norway. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Singapore.

Product Space of Singapore (Flag) and Norway (Flag) (2023)

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