Flag United States / Singapore Flag

2020
FlagFlag
Exports
: $25.9B, Rnk 12 / 218

2020
FlagFlag
Top Product
: $2.59B, Gas Turbines

2020
FlagFlag
Exports
: $483M, Rnk 3 / 212

2020
FlagFlag
Top Product
: $3.22B, Gold

2020
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Economic Complexity (ECI)
: ECI 1.56, Rnk 9 / 127

2020
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Economic Complexity (ECI)
: ECI 1.84, Rnk 6 / 127

2020
Flag  
GDP
: $21T, CURRENT US$
Rnk 1 / 195

2010-2020
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GDP GROWTH
: 39.8%, CURRENT US$
Rnk 78 / 195

2020
Flag
 GDP
: $340B, CURRENT US$
Rnk 36 / 195

2010-2020
Flag
GDP GROWTH
: 41.8%, CURRENT US$
Rnk 72 / 195

2020
Flag
GDP PC 
: $63,593, CURRENT US$
Rnk 8 / 195

2010-2020
Flag
GDP PC GROWTH
: 31.2%, CURRENT US$
Rnk 57 / 195

2020
Flag
GDP PC
: $59,798, CURRENT US$
Rnk 10 / 195

2010-2020
Flag
GDP PC GROWTH
: 26.6%, CURRENT US$
Rnk 73 / 195

United States-Singapore In 2020, United States exported $25.9B to Singapore. The main products that United States exported to Singapore are Gas Turbines ($2.59B), Integrated Circuits ($1.41B), and Crude Petroleum ($1.29B). During the last 25 years the exports of United States to Singapore have increased at an annualized rate of 1.94%, from $16B in 1995 to $25.9B in 2020.

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.

Singapore-United States In N/A, Singapore did not export any products to United States.

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.

Comparison In 2020,  United States ranked 9 in the Economic Complexity Index (ECI 1.56), and 2 in total exports ($1.34T). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.84), and 19 in total exports ($281B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, United States exported $25.9B to Singapore. The main products exported from United States to Singapore were Gas Turbines ($2.59B), Integrated Circuits ($1.41B), and Crude Petroleum ($1.29B). During the last 25 years the exports of United States to Singapore have increased at an annualized rate of 1.94%, from $16B in 1995 to $25.9B in 2020.

Singapore does not register exports to United States. The main products exported from Singapore to United States were Gold ($3.22B), Other Edible Preparations ($3.13B), and Packaged Medicaments ($2.11B).

Market Competitiveness

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Measure

United States
Top Destination
: Canada, $218B

Singapore
Top Destination
: China, $42.9B

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 ($218B), Mexico ($196B), and China ($122B).

In 2019, countries that imported more from Singapore than United States were Hong Kong ($41.7B), Malaysia ($22.9B), and Indonesia ($14.8B).

Comparative Advantage United States - Singapore

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Flow

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

During 2020, United States had a large net trade with Singapore in the exports of Machines ($10.7B), Instruments ($3.6B), and Chemical Products ($3.37B).

Bilateral Service Trade

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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.

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.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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