Singapore / United States

Singapore-United States Trade: In 2023, Singapore exported $32.9B to United States. The main products that Singapore exported to United States were Vaccines, blood, antisera, toxins and cultures ($6.15B), Other Edible Preparations ($3.05B), and Nucleic Acids ($2.99B). Over the past 5 years the exports of Singapore to United States have increased at an annualized rate of 7.09%, from $23.4B in 2018 to $32.9B in 2023.

In 2015, Singapore exported services to United States worth $13.2B, with Transportation ($6.93B), Other business services ($5.87B), and Insurance services ($156M) being the largest in terms of value.

United States-Singapore Trade: In 2023, United States exported $43.2B to Singapore. The main products that United States exported to Singapore were Crude Petroleum ($7.75B), Gas Turbines ($4.28B), and Planes, Helicopters, and/or Spacecraft ($3.81B). Over the past 5 years the exports of United States to Singapore have increased at an annualized rate of 4.59%,  from $34.5B in 2018 to $43.2B in 2023.

In 2017, United States exported services to Singapore worth $21.6B, with Other business services ($12.5B), Royalties and license fees ($2.98B), and Financial services ($2.9B) being the largest in terms of value.

Comparison: In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).