Angola (AGO) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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Angola-Singapore Trade: In 2023, Angola exported $547M to Singapore. The main products that Angola exported to Singapore were Crude Petroleum ($428M), Special Purpose Ships ($101M), and Refined Petroleum ($14.7M). Over the past 5 years the exports of Angola to Singapore have increased at an annualized rate of 6.41%, from $401M in 2018 to $547M in 2023.

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

Singapore-Angola Trade: In 2023, Singapore exported $229M to Angola. The main products that Singapore exported to Angola were Refined Petroleum ($122M), Other Large Iron Pipes ($14.1M), and Iron Pipes ($11.5M). Over the past 5 years the exports of Singapore to Angola have decreased at an annualized rate of 15.9%, from $1.54B in 2018 to $229M in 2023.

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

Comparison: In 2023, Angola ranked 120 in the Economic Complexity Index (ECI -1.23), and 62 in total exports ($42.6B). 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, Angola exported $547M to Singapore. The main products exported from Angola to Singapore were Crude Petroleum ($428M), Special Purpose Ships ($101M), and Refined Petroleum ($14.7M). During the last 5 years the exports of Angola to Singapore have increased at an annualized rate of 6.41%, from $401M in 2018 to $547M in 2023.

In 2018, Singapore exported $229M to Angola. The main products exported from Singapore to Angola were Refined Petroleum ($122M), Other Large Iron Pipes ($14.1M), and Iron Pipes ($11.5M). During the last 5 years the exports of Singapore to Angola have decreased at an annualized rate of 15.9%, from $1.54B in 2023 to $229M in 2018.

Exports from Angola () to Singapore () (2023)

Exports from Singapore () to Angola () (2023)

Latest Data

Trade between Angola () and Singapore ()

Angola Exports

Date

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Angola
Top DestinationChina$17.1B

Singapore
Top DestinationHong Kong$44.5B

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

In 2023, countries that imported more from Angola than Singapore included Spain ($2.65B), Republic of the Congo ($1.24B), and Gibraltar ($297M).

In 2023, countries that imported more from Singapore than Angola included Hong Kong ($44.5B), United States ($32.9B), and Malaysia ($31.4B).

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

Comparative Advantage Angola - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Angola had a large net trade with Singapore in the exports of Mineral Products ($443M), Transportation ($101M), and Machines ($2.3M).

During 2018, Singapore had a large net trade with Angola in the exports of Mineral Products ($122M), Machines ($38.3M), and Metals ($37.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Angola Singapore+$314MCrude Petroleum

Top Product Potential Singapore Angola+$13.1MRefined 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 Angola and Singapore. This means that a dot/product with the flag of Angola indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Angola.

About

Historical Data

Bilateral Trade by Products

Exports from Angola () to Singapore () (2023)

Exports from Singapore () to Angola () (2023)

Latest Data

Trade between Angola () and Singapore ()

Angola Exports

Singapore Exports

Market Competitiveness

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

Comparative Advantage Angola - Singapore

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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