Turkey (TUR) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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Turkey-Singapore Trade: In 2023, Turkey exported $726M to Singapore. The main products that Turkey exported to Singapore were Refined Petroleum ($300M), Jewellery ($65M), and Gas Turbines ($59.6M). Over the past 5 years the exports of Turkey to Singapore have increased at an annualized rate of 3.18%, from $621M in 2018 to $726M in 2023.

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

Singapore-Turkey Trade: In 2023, Singapore exported $682M to Turkey. The main products that Singapore exported to Turkey were Gas Turbines ($169M), Other Domestic Electric Housewares ($35.7M), and Propylene Polymers ($35.3M). Over the past 5 years the exports of Singapore to Turkey have increased at an annualized rate of 7.33%, from $479M in 2018 to $682M in 2023.

In 2023, Singapore did not export any services to Turkey.

Comparison: In 2023, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Turkey exported $726M to Singapore. The main products exported from Turkey to Singapore were Refined Petroleum ($300M), Jewellery ($65M), and Gas Turbines ($59.6M). During the last 5 years the exports of Turkey to Singapore have increased at an annualized rate of 3.18%, from $621M in 2018 to $726M in 2023.

In 2018, Singapore exported $682M to Turkey. The main products exported from Singapore to Turkey were Gas Turbines ($169M), Other Domestic Electric Housewares ($35.7M), and Propylene Polymers ($35.3M). During the last 5 years the exports of Singapore to Turkey have increased at an annualized rate of 7.33%, from $479M in 2023 to $682M in 2018.

Exports from Turkey () to Singapore () (2023)

Exports from Singapore () to Turkey () (2023)

Latest Data

Trade between Turkey () and Singapore ()

Turkey Exports

Date

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$24.7B

Singapore
Top DestinationHong Kong$44.5B

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

In 2023, countries that imported more from Turkey than Singapore included Germany ($24.7B), Iraq ($12.8B), and United Kingdom ($15.1B).

In 2023, countries that imported more from Singapore than Turkey included Hong Kong ($44.5B), China ($36.7B), and Malaysia ($31.4B).

Difference in imports from Singapore () and Turkey () (2023)

Comparative Advantage Turkey - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Turkey had a large net trade with Singapore in the exports of Mineral Products ($305M), Machines ($131M), and Precious Metals ($70.7M).

During 2018, Singapore had a large net trade with Turkey in the exports of Machines ($323M), Plastics and Rubbers ($130M), and Instruments ($65M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Singapore+$221MRefined Petroleum

Top Product Potential Singapore Turkey+$37.3MRefined 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

Year

This visualization shows the product space at the HS4 level with the flags of Turkey and Singapore. This means that a dot/product with the flag of Turkey indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Turkey.

About

Historical Data

Bilateral Trade by Products

Exports from Turkey () to Singapore () (2023)

Exports from Singapore () to Turkey () (2023)

Latest Data

Trade between Turkey () and Singapore ()

Turkey Exports

Singapore Exports

Market Competitiveness

Difference in imports from Singapore () and Turkey () (2023)

Comparative Advantage Turkey - Singapore

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Turkey () and Singapore () (2023)

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