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2022
Flag → Flag
Exports $9.28BRnk 13 / 215
2022
Flag → Flag
Top Product $2.06BRefined Petroleum
2022
Flag → Flag
Exports $7.07BRnk 5 / 205
2022
Flag → Flag
Top Product $5.22BIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC $82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Singapore-Philippines Trade: In 2022, Singapore exported $9.28B to Philippines. The main products that Singapore exported to Philippines were Refined Petroleum ($2.06B), Integrated Circuits ($1.43B), and Broadcasting Equipment ($545M). Over the past 5 years the exports of Singapore to Philippines have increased at an annualized rate of 8.97%, from $6.04B in 2017 to $9.28B in 2022.

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

Philippines-Singapore Trade: In 2022, Philippines exported $7.07B to Singapore. The main products that Philippines exported to Singapore were Integrated Circuits ($5.22B), Semiconductor Devices ($293M), and Office Machine Parts ($278M). Over the past 5 years the exports of Philippines to Singapore have increased at an annualized rate of 3.6%,  from $5.52B in 2017 to $7.07B in 2022.

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

Comparison: In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $9.28B to Philippines. The main products exported from Singapore to Philippines were Refined Petroleum ($2.06B), Integrated Circuits ($1.43B), and Broadcasting Equipment ($545M). During the last 5 years the exports of Singapore to Philippines have increased at an annualized rate of 8.97%, from $6.04B in 2017 to $9.28B in 2022.

In 2017, Philippines exported $7.07B to Singapore. The main products exported from Philippines to Singapore were Integrated Circuits ($5.22B), Semiconductor Devices ($293M), and Office Machine Parts ($278M). During the last 5 years the exports of Philippines to Singapore have increased at an annualized rate of 3.6%, from $5.52B in 2022 to $7.07B in 2017.

Exports from Singapore (Flag) to Philippines (Flag) (2022)

Exports from Philippines (Flag) to Singapore (Flag) (2022)

Latest Data

Trade between Singapore (Flag) and Philippines (Flag)

Singapore Exports

Philippines Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$51.6B
Philippines
Top DestinationUnited States$15.5B

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 2022, countries that imported more from Singapore than Philippines included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2022, countries that imported more from Philippines than Singapore included United Kingdom ($4.52B), Mexico ($2.69B), and Canada ($1.36B).

Difference in imports from Philippines (Flag) and Singapore (Flag) (2022)

Comparative Advantage Singapore - Philippines

Flow
Scale

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

During 2022, Singapore had a large net trade with Philippines in the exports of Machines ($4.27B), Mineral Products ($2.07B), and Chemical Products ($655M).

During 2017, Philippines had a large net trade with Singapore in the exports of Machines ($6.25B), Mineral Products ($240M), and Instruments ($159M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Philippines+$255MIntegrated Circuits
Top Product Potential Philippines Singapore+N/AN/A

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

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

Product Space of Singapore (Flag) and Philippines (Flag) (2022)

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