Flag Singapore / Philippines Flag

Exports Flag β†’ Flag  (2018): $7.38B, Rnk 14 / 213

Top Product Flag β†’ Flag (2018): $1.45B, Integrated Circuits

Exports Flag β†’ Flag (2018): $7.92B, Rnk 5 / 194

Top Product Flag β†’ Flag (2018): $5.6B, Integrated Circuits

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

Economic Complexity of Flag (2018): ECI 0.5, Rnk 46 / 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): $331B, CURRENT US$
Rnk 38 / 196

GDP GROWTH Flag (2008-2018): 90%, CURRENT US$
Rnk 38 / 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): $3,103, CURRENT US$
Rnk 137 / 196

GDP PC GROWTH Flag (2008-2018): 61.9%, CURRENT US$
Rnk 36 / 196

Singapore-Philippines: In 2018, Singapore exported $7.38B to Philippines. The main products exported from Singapore to Philippines were Integrated Circuits ($1.45B), Refined Petroleum ($669M), and Computers ($385M). During the last 23 years the exports of Singapore to Philippines have increased at an annualized rate of 6.15%, from $1.87B in 1995 to $7.38B in 2018.

Philippines-Singapore: In 2018, Philippines exported $7.92B to Singapore. The main products exported from Philippines to Singapore were Integrated Circuits ($5.6B), Semiconductor Devices ($484M), and Refined Petroleum ($262M). During the last 23 years the exports of Philippines to Singapore have increased at an annualized rate of 9.01%, from $1.09B in 1995 to $7.92B in 2018.

Comparison: In 2018, Singapore ranked 6 in the Economic Complexity Index (ECI 1.71), and 17 in total exports ($323B). That same year, Philippines ranked 46 in the Economic Complexity Index (ECI 0.5), and 38 in total exports ($97.8B). In terms of GDP Per Capita, Singapore was ranked 9 with a GDP Per Capita of $64,582, and Philippines was ranked 137 with a GDP Per Capita of $3,103.

Bilateral Trade by Products

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Depth
Value

In 2018, Singapore exported $7.38B to Philippines. The main products exported from Singapore to Philippines were Integrated Circuits ($1.45B), Refined Petroleum ($669M), and Computers ($385M). During the last 23 years the exports of Singapore to Philippines have increased at an annualized rate of 6.15%, from $1.87B in 1995 to $7.38B in 2018.

In 2018, Philippines exported $7.92B to Singapore. The main products exported from Philippines to Singapore were Integrated Circuits ($5.6B), Semiconductor Devices ($484M), and Refined Petroleum ($262M). During the last 23 years the exports of Philippines to Singapore have increased at an annualized rate of 9.01%, from $1.09B in 1995 to $7.92B in 2018.

Market Competitiveness

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Measure

Singapore
Top Destination
: China, $44.3B

Philippines
Top Destination
: Hong Kong, $13.9B

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

In 2018, countries that imported more from Singapore than Philippines were China ($44.3B), Malaysia ($32.3B), and Hong Kong ($41.5B).

In 2018, countries that imported more from Philippines than Singapore were Mexico ($2.12B), Canada ($1.07B), and Bulgaria ($121M).

Comparative Advantage Singapore - Philippines

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Depth

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

During 2018, Singapore had a large net trade with Philippines in the exports of Machines ($4.15B), Mineral Products ($718M), and Chemical Products ($635M).

During 2018, Philippines had a large net trade with Singapore in the exports of Machines ($6.84B), Mineral Products ($497M), and Instruments ($263M).

Trade Forecasts

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This section shows a forecast for total trade between Singapore and Philippines. 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

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 Philippines. Similarly, the more red a dot/product is, the more Philippines has comparative advantage over Singapore.