Flag United States / Singapore Flag

2019
Flag β†’ Flag  
Exports
: $28.4B, Rnk 15 / 218

2019
Flag β†’ Flag
Top Product
: $1.82B, Planes, Helicopters, and/or Spacecraft

2019
Flag β†’ Flag
Exports
: $24.8B, Rnk 4 / 214

2019
Flag β†’ Flag
Top Product
: $2.91B, Other Edible Preparations

2019
Flag
Economic Complexity (ECI)
: ECI 1.63, Rnk 10 / 157

2019
Flag
Economic Complexity (ECI)
: ECI 1.83, Rnk 6 / 157

2019
Flag  
GDP
: $21.4T, CURRENT US$
Rnk 1 / 187

2009-2019
Flag
GDP GROWTH
: 48.3%, CURRENT US$
Rnk 96 / 187

2019
Flag
 GDP
: $372B, CURRENT US$
Rnk 33 / 187

2009-2019
Flag
GDP GROWTH
: 91.6%, CURRENT US$
Rnk 36 / 187

2019
Flag
GDP PC 
: $65,298, CURRENT US$
Rnk 8 / 187

2009-2019
Flag
GDP PC GROWTH
: 38.6%, CURRENT US$
Rnk 76 / 187

2019
Flag
GDP PC 
: $65,233, CURRENT US$
Rnk 9 / 187

2009-2019
Flag
GDP PC GROWTH
: 67.6%, CURRENT US$
Rnk 34 / 187

United States-Singapore: In 2019, United States exported $28.4B to Singapore. The main products that United States exported to Singapore are Planes, Helicopters, and/or Spacecraft ($1.82B), Crude Petroleum ($1.56B), and Aircraft Parts ($1.37B). During the last 24 years the exports of United States to Singapore have increased at an annualized rate of 2.43%, from $15.9B in 1995 to $28.4B in 2019.

In 2011, United States exported services to Singapore worth $6.79B, with Royalties and license fees ($4.45B), Travel ($854M), and Transportation ($772M) being the largest in terms of value.

Singapore-United States: In 2019, Singapore exported $24.8B to United States . The main products that Singapore exported to United States were Other Edible Preparations ($2.91B), Gas Turbines ($2.35B), and Packaged Medicaments ($1.82B). During the last 24 years the exports of Singapore to United States have increased at an annualized rate of 1.1%, from $19B in 1995 to $24.8B in 2019.

In 2017, Singapore exported services to United States worth $13.3B, with Other business services ($7.36B), Transportation ($5.04B), and Royalties and license fees ($565M) being the largest in terms of value.

Comparison: In 2019,  United States ranked 10 in the Economic Complexity Index (ECI 1.63), and 2 in total exports ($1.51T). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.83), and 18 in total exports ($301B).

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2019, United States exported $28.4B to Singapore. The main products exported from United States to Singapore were Planes, Helicopters, and/or Spacecraft ($1.82B), Crude Petroleum ($1.56B), and Aircraft Parts ($1.37B). During the last 24 years the exports of United States to Singapore have increased at an annualized rate of 2.43%, from $15.9B in 1995 to $28.4B in 2019.

In 2019, Singapore exported $24.8B to United States. The main products exported from Singapore to United States were Other Edible Preparations ($2.91B), Gas Turbines ($2.35B), and Packaged Medicaments ($1.82B). During the last 24 years the exports of Singapore to United States have increased at an annualized rate of 1.1%, from $19B in 1995 to $24.8B in 2019.

Market Competitiveness

#permalink to section
Measure

United States
Top Destination
: Canada, $252B

Singapore
Top Destination
: China, $45.8B

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

In 2019, countries that imported more from United States than Singapore were Canada ($252B), Mexico ($235B), and Japan ($70.1B).

In 2019, countries that imported more from Singapore than United States were Malaysia ($28.2B), Indonesia ($19.8B), and Hong Kong ($39.1B).

Comparative Advantage United States - Singapore

#permalink to section
Depth

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

During 2019, United States had a large net trade with Singapore in the exports of Machines ($9.88B), Instruments ($3.73B), and Chemical Products ($3.66B).

During 2019, Singapore had a large net trade with United States in the exports of Machines ($8.57B), Chemical Products ($5.84B), and Instruments ($4.53B).

Bilateral Service Trade

#permalink to section

In 2011, United States exported services to Singapore worth $6.79B, with Royalties and license fees ($4.45B), Travel ($854M), and Transportation ($772M) being the largest in terms of value.

In 2017, Singapore exported services to United States worth $13.3B, with Other business services ($7.36B), Transportation ($5.04B), and Royalties and license fees ($565M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more United States has comparative advantage over Singapore. Similarly, the more red a dot/product is, the more Singapore has comparative advantage over United States.