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2022
Flag → Flag
Exports $684MRnk 40 / 215
2022
Flag → Flag
Top Product $89MGas Turbines
2022
Flag → Flag
Exports $864MRnk 59 / 219
2022
Flag → Flag
Top Product $365MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 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$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Singapore-Turkey Trade: In 2022, Singapore exported $684M to Turkey. The main products that Singapore exported to Turkey were Gas Turbines ($89M), Unprocessed Artificial Staple Fibers ($75.2M), and Vaccines, blood, antisera, toxins and cultures ($62.9M). Over the past 5 years the exports of Singapore to Turkey have increased at an annualized rate of 3.88%, from $565M in 2017 to $684M in 2022.

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

Turkey-Singapore Trade: In 2022, Turkey exported $864M to Singapore. The main products that Turkey exported to Singapore were Refined Petroleum ($365M), Raw Iron Bars ($71M), and Tug Boats ($54.5M). Over the past 5 years the exports of Turkey to Singapore have increased at an annualized rate of 1.66%,  from $796M in 2017 to $864M in 2022.

In 2009, Turkey exported services to Singapore worth $0, with being the largest in terms of value.

Comparison: In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $684M to Turkey. The main products exported from Singapore to Turkey were Gas Turbines ($89M), Unprocessed Artificial Staple Fibers ($75.2M), and Vaccines, blood, antisera, toxins and cultures ($62.9M). During the last 5 years the exports of Singapore to Turkey have increased at an annualized rate of 3.88%, from $565M in 2017 to $684M in 2022.

In 2017, Turkey exported $864M to Singapore. The main products exported from Turkey to Singapore were Refined Petroleum ($365M), Raw Iron Bars ($71M), and Tug Boats ($54.5M). During the last 5 years the exports of Turkey to Singapore have increased at an annualized rate of 1.66%, from $796M in 2022 to $864M in 2017.

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

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

Latest Data

Trade between Singapore (Flag) and Turkey (Flag)

Singapore Exports

Turkey Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$51.6B
Turkey
Top DestinationGermany$21.9B

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

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

In 2022, countries that imported more from Turkey than Singapore included Germany ($21.9B), Iraq ($13.7B), and Italy ($12.6B).

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

Comparative Advantage Singapore - Turkey

Flow
Scale

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

During 2022, Singapore had a large net trade with Turkey in the exports of Machines ($213M), Plastics and Rubbers ($138M), and Chemical Products ($135M).

During 2017, Turkey had a large net trade with Singapore in the exports of Mineral Products ($369M), Metals ($182M), and Machines ($74.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Turkey+$37.3MRefined Petroleum
Top Product Potential Turkey Singapore+$221MRefined Petroleum

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 Turkey. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over Singapore.

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

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