Singapore (SGP) and Russia (RUS) Trade | The Observatory of Economic Complexity

About

Singapore-Russia In 2022, Singapore exported $167M to Russia. The main products that Singapore exported to Russia are Refined Petroleum ($17.7M), Integrated Circuits ($11.1M), and Motor vehicles; parts and accessories (8701 to 8705) ($11M). During the last 27 years the exports of Singapore to Russia have decreased at an annualized rate of 6.03%, from $893M in 1995 to $167M in 2022.

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

Russia-Singapore In 2022, Russia exported $2.12B to Singapore. The main products that Russia exported to Singapore were Refined Petroleum ($1.09B), Gold ($627M), and Crude Petroleum ($85.9M). During the last 27 years the exports of Russia to Singapore have increased at an annualized rate of 7.65%, from $290M in 1995 to $2.12B in 2022.

In 2020, Russia exported services to Singapore worth $609M, with Transportation ($283M), Other business services ($137M), and Computer and information services ($72.8M) being the largest in terms of value.

Comparison In 2022, Singapore ranked 5 in the Economic Complexity Index (ECI 1.53), and 21 in total exports ($379B). That same year, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Singapore exported $167M to Russia. The main products exported from Singapore to Russia were Refined Petroleum ($17.7M), Integrated Circuits ($11.1M), and Motor vehicles; parts and accessories (8701 to 8705) ($11M). During the last 27 years the exports of Singapore to Russia have decreased at an annualized rate of 6.03%, from $893M in 1995 to $167M in 2022.

In 2022, Russia exported $2.12B to Singapore. The main products exported from Russia to Singapore were Refined Petroleum ($1.09B), Gold ($627M), and Crude Petroleum ($85.9M). During the last 27 years the exports of Russia to Singapore have increased at an annualized rate of 7.65%, from $290M in 1995 to $2.12B in 2022.

Exports from Singapore () to Russia () (2022)

Exports from Russia () to Singapore () (2022)

Latest Data

Trade between Singapore () and Russia ()

Singapore Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Russia
Top DestinationChina$101B

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

In 2021, countries that imported more from Singapore than Russia were Hong Kong ($51.6B), Malaysia ($35.9B), and Indonesia ($22.5B).

In 2021, countries that imported more from Russia than Singapore were China ($101B), Turkey ($25.3B), and Italy ($25.1B).

Difference in imports from Russia () and Singapore () (2022)

Comparative Advantage Singapore - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with Russia in the exports of Machines ($73.2M), Mineral Products ($17.7M), and Instruments ($16M).

During 2022, Russia had a large net trade with Singapore in the exports of Mineral Products ($1.23B), Precious Metals ($633M), and Metals ($206M).

Service Trade

Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Singapore worth $609M, with Transportation ($283M), Other business services ($137M), and Computer and information services ($72.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Singapore () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Singapore has comparative advantage over Russia. Similarly, the more yellow a dot/product is, the more Russia has comparative advantage over Singapore.

About

Historical Data

Bilateral Trade by Products

Exports from Singapore () to Russia () (2022)

Exports from Russia () to Singapore () (2022)

Latest Data

Trade between Singapore () and Russia ()

Singapore Exports

Russia Exports

Market Competitiveness

Difference in imports from Russia () and Singapore () (2022)

Comparative Advantage Singapore - Russia

Service Trade

Bilateral Service Trade

Services Exports from Russia () to Singapore () (2020)

Economic Complexity

Competitive Landscape

Product Space of Singapore () and Russia () (2022)

Keep Exploring