2022
Flag  
GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
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2022
Flag
 GDP
$25.5TCURRENT US$
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2012-2022
Flag
GDP GROWTH
56.7%CURRENT US$
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2022
Flag
GDP PC 
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
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2022
Flag
GDP PC
$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH
47.5%CURRENT US$
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About

Singapore-United States In 2022, Singapore exported $28.9B to United States. The main products that Singapore exported to United States are Other Edible Preparations ($4.06B), Vaccines, blood, antisera, toxins and cultures ($2.49B), and Refined Petroleum ($1.89B). During the last 27 years the exports of Singapore to United States have increased at an annualized rate of 1.54%, from $19.1B in 1995 to $28.9B in 2022.

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 In 2022, United States exported $41.4B to Singapore. The main products that United States exported to Singapore were Crude Petroleum ($9.57B), Machinery Having Individual Functions ($2.87B), and Gold ($1.82B). During the last 27 years the exports of United States to Singapore have increased at an annualized rate of 3.57%, from $16B in 1995 to $41.4B in 2022.

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 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $28.9B to United States. The main products exported from Singapore to United States were Other Edible Preparations ($4.06B), Vaccines, blood, antisera, toxins and cultures ($2.49B), and Refined Petroleum ($1.89B). During the last 27 years the exports of Singapore to United States have increased at an annualized rate of 1.54%, from $19.1B in 1995 to $28.9B in 2022.

In 2022, United States exported $41.4B to Singapore. The main products exported from United States to Singapore were Crude Petroleum ($9.57B), Machinery Having Individual Functions ($2.87B), and Gold ($1.82B). During the last 27 years the exports of United States to Singapore have increased at an annualized rate of 3.57%, from $16B in 1995 to $41.4B in 2022.

Exports from Singapore (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Singapore (Flag) (2022)

Latest Data

Trade between Singapore (Flag) and United States (Flag)

Singapore Exports

United States Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$51.6B
United States
Top Destination
Canada$308B

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

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

In 2021, countries that imported more from United States than Singapore were Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Singapore (Flag) (2022)

Comparative Advantage Singapore - United States

Flow
Scale

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

During 2022, Singapore had a large net trade with United States in the exports of Machines ($9.28B), Chemical Products ($5.55B), and Instruments ($4.28B).

During 2022, United States had a large net trade with Singapore in the exports of Machines ($12.6B), Mineral Products ($11.5B), and Chemical Products ($3.93B).

Service Trade

Bilateral Service Trade

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.

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.

Service trade data is presented based on availability.

Services Exports from Singapore (Flag) to United States (Flag) (2015)

Services Exports from United States (Flag) to Singapore (Flag) (2017)

Economic Complexity

Competitive Landscape

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 United States. Similarly, the more yellow a dot/product is, the more United States has comparative advantage over Singapore.

Product Space of Singapore (Flag) and United States (Flag) (2022)

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