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2023
Flag → Flag
Exports $4.88BRnk 18 / 142
2023
Flag → Flag
Top Product $548MBroadcasting Equipment
2023
Flag → Flag
Exports $16.4BRnk 7 / 217
2023
Flag → Flag
Top Product $7.09BIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
 GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC $4,282CURRENT US$
Rnk 128 / 195
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195
2023
Flag
GDP PC$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195

About

Vietnam-Singapore Trade: In 2023, Vietnam exported $4.88B to Singapore. The main products that Vietnam exported to Singapore were Broadcasting Equipment ($548M), Integrated Circuits ($407M), and Other Glass Articles ($372M). Over the past 5 years the exports of Vietnam to Singapore have increased at an annualized rate of 6.36%, from $3.59B in 2018 to $4.88B in 2023.

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

Singapore-Vietnam Trade: In 2023, Singapore exported $16.4B to Vietnam. The main products that Singapore exported to Vietnam were Integrated Circuits ($7.09B), Refined Petroleum ($2.11B), and Ethylene Polymers ($463M). Over the past 5 years the exports of Singapore to Vietnam have increased at an annualized rate of 22.6%,  from $5.94B in 2018 to $16.4B in 2023.

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

Comparison: In 2023,  Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). 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
Value

In 2023, Vietnam exported $4.88B to Singapore. The main products exported from Vietnam to Singapore were Broadcasting Equipment ($548M), Integrated Circuits ($407M), and Other Glass Articles ($372M). During the last 5 years the exports of Vietnam to Singapore have increased at an annualized rate of 6.36%, from $3.59B in 2018 to $4.88B in 2023.

In 2018, Singapore exported $16.4B to Vietnam. The main products exported from Singapore to Vietnam were Integrated Circuits ($7.09B), Refined Petroleum ($2.11B), and Ethylene Polymers ($463M). During the last 5 years the exports of Singapore to Vietnam have increased at an annualized rate of 22.6%, from $5.94B in 2023 to $16.4B in 2018.

Exports from Vietnam (Flag) to Singapore (Flag) (2023)

Exports from Singapore (Flag) to Vietnam (Flag) (2023)

Latest Data

Trade between Vietnam (Flag) and Singapore (Flag)

Singapore Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$118B
Singapore
Top DestinationHong Kong$44.5B

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

In 2023, countries that imported more from Vietnam than Singapore included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from Singapore than Vietnam included Hong Kong ($44.5B), Malaysia ($31.4B), and South Korea ($20.1B).

Difference in imports from Singapore (Flag) and Vietnam (Flag) (2023)

Comparative Advantage Vietnam - Singapore

Flow
Scale

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

During 2023, Vietnam had a large net trade with Singapore in the exports of Machines ($2.58B), Stone And Glass ($396M), and Mineral Products ($387M).

During 2018, Singapore had a large net trade with Vietnam in the exports of Machines ($9.63B), Mineral Products ($2.31B), and Chemical Products ($1.18B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Vietnam Singapore+$362MIntegrated Circuits
Top Product Potential Singapore Vietnam+$473MIntegrated Circuits

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

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

Product Space of Vietnam (Flag) and Singapore (Flag) (2023)

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