2021
Flag  
GDP
$424BCURRENT US$
Rnk 32 / 204
2011-2021
Flag
GDP GROWTH
51.7%CURRENT US$
Rnk 48 / 204
2021
Flag
 GDP
$23.3TCURRENT US$
Rnk 1 / 204
2011-2021
Flag
GDP GROWTH
49.5%CURRENT US$
Rnk 51 / 204
2021
Flag
GDP PC 
$77,710CURRENT US$
Rnk 9 / 204
2011-2021
Flag
GDP PC GROWTH
44.2%CURRENT US$
Rnk 40 / 204
2021
Flag
GDP PC
$70,219CURRENT US$
Rnk 10 / 204
2011-2021
Flag
GDP PC GROWTH
40.3%CURRENT US$
Rnk 47 / 204

About

Singapore-United States In 2021, Singapore exported $28.1B to United States. The main products that Singapore exported to United States are Other Edible Preparations ($3.36B), Vaccines, blood, antisera, toxins and cultures ($2.82B), and Packaged Medicaments ($1.98B). During the last 26 years the exports of Singapore to United States have increased at an annualized rate of 1.5%, from $19.1B in 1995 to $28.1B in 2021.

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 2021, United States exported $32.5B to Singapore. The main products that United States exported to Singapore were Crude Petroleum ($2.91B), Gas Turbines ($2.85B), and Integrated Circuits ($1.34B). During the last 26 years the exports of United States to Singapore have increased at an annualized rate of 2.8%, from $15.9B in 1995 to $32.5B in 2021.

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 2021,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.74), and 19 in total exports ($351B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.46), and 2 in total exports ($1.63T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Singapore exported $28.1B to United States. The main products exported from Singapore to United States were Other Edible Preparations ($3.36B), Vaccines, blood, antisera, toxins and cultures ($2.82B), and Packaged Medicaments ($1.98B). During the last 26 years the exports of Singapore to United States have increased at an annualized rate of 11.9%, from $45.6M in 1995 to $28.1B in 2021.

In 2021, United States exported $32.5B to Singapore. The main products exported from United States to Singapore were Crude Petroleum ($2.91B), Gas Turbines ($2.85B), and Integrated Circuits ($1.34B). During the last 26 years the exports of United States to Singapore have increased at an annualized rate of 10.8%, from $116M in 1995 to $32.5B in 2021.

Exports from Singapore (Flag) to United States (Flag) (2021)

Exports from United States (Flag) to Singapore (Flag) (2021)

Latest Data

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

Singapore Exports

United States Exports

Market Competitiveness

Color
Singapore
Top Destination
China$56.8B
United States
Top Destination
Canada$259B

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 ($54.5B), Malaysia ($27.7B), and Cambodia ($11.2B).

In 2021, countries that imported more from United States than Singapore were Canada ($259B), Mexico ($247B), and China ($151B).

Difference in imports from United States (Flag) and Singapore (Flag) (2021)

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 2021, Singapore had a large net trade with United States in the exports of Machines ($8.86B), Chemical Products ($7.54B), and Instruments ($4.66B).

During 2021, United States had a large net trade with Singapore in the exports of Machines ($11.5B), Mineral Products ($4.83B), and Instruments ($4.37B).

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) (2021)

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