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2023
Flag → Flag
Exports $63.1BRnk 17 / 208
2023
Flag → Flag
Top Product $7.03BRefined Petroleum
2023
Flag → Flag
Exports $36.7BRnk 2 / 217
2023
Flag → Flag
Top Product $6.38BIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
Flag
 GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC $12,614CURRENT US$
Rnk 80 / 195
2013-2023
Flag
GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC$84,734CURRENT US$
Rnk 8 / 196
2013-2023
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GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195

About

China-Singapore Trade: In 2023, China exported $63.1B to Singapore. The main products that China exported to Singapore were Refined Petroleum ($7.03B), Broadcasting Equipment ($6.28B), and Integrated Circuits ($5.7B). Over the past 5 years the exports of China to Singapore have increased at an annualized rate of 4.47%, from $50.7B in 2018 to $63.1B in 2023.

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

Singapore-China Trade: In 2023, Singapore exported $36.7B to China. The main products that Singapore exported to China were Integrated Circuits ($6.38B), Machinery Having Individual Functions ($6.01B), and Gold ($3.27B). Over the past 5 years the exports of Singapore to China have increased at an annualized rate of 0.4%,  from $36B in 2018 to $36.7B in 2023.

In 2015, Singapore exported services to China worth $7.08B, with Transportation ($4.57B), Other business services ($1.83B), and Royalties and license fees ($392M) being the largest in terms of value.

Comparison: In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Latest Trends

December, 2024

About

Overview In December 2024, China exported $8.44B and imported $3.22B from Singapore, resulting in a positive trade balance of $5.22B. Between December 2023 and December 2024 the exports of China have increased by $508M (6.4%) from $7.93B to $8.44B, while imports increased by $437M (15.7%) from $2.79B to $3.22B.

Trade In December 2024, the top exports of China to Singapore were Passenger and Cargo Ships ($775M), Refined Petroleum ($700M), Telephones ($367M), Computers ($221M), and Integrated Circuits ($219M). In December 2024 the top imports of China from Singapore were Machines and apparatus of a kind... ($763M), Integrated Circuits ($490M), Gold ($328M), Ethylene Polymers ($126M), and Other Measuring Instruments ($123M).

Origins In December 2024 the exports of China were mainly from Shanghai Province ($1.24B), Jiangsu Province ($1.21B), Guangdong Province ($1.19B), Shandong Province ($1.18B), and Zhejiang Province ($617M), while imports destinations were mainly Guangdong Province ($836M), Shanghai Province ($582M), Beijing ($443M), Jiangsu Province ($400M), and Zhejiang Province ($367M).

Growth In December 2024, the increase in China's year-by-year exports to Singapore was explained primarily by an increase in product exports in Passenger and Cargo Ships ($368M or 90.7%), Office Machine Parts ($46.9M or 76.6%), and Saturated Acyclic Monocarboxylic Acids ($34.4M or 304%). In December 2024, the increase in China's year-by-year imports  from Singapore was explained primarily by an increase in product imports  in Machines and apparatus of a kind... ($474M or 164%), Gold ($86.7M or 35.9%), and Integrated Circuits ($75.2M or 18.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$508M(6.4%)
IMPORT GROWTH (December 2023 - December 2024)$437M(15.7%)
MAIN EXPORTER (December 2024)Shanghai Province$1.24B

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Singapore and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Singapore and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, China exported $63.1B to Singapore. The main products exported from China to Singapore were Refined Petroleum ($7.03B), Broadcasting Equipment ($6.28B), and Integrated Circuits ($5.7B). During the last 5 years the exports of China to Singapore have increased at an annualized rate of 4.47%, from $50.7B in 2018 to $63.1B in 2023.

In 2018, Singapore exported $36.7B to China. The main products exported from Singapore to China were Integrated Circuits ($6.38B), Machinery Having Individual Functions ($6.01B), and Gold ($3.27B). During the last 5 years the exports of Singapore to China have increased at an annualized rate of 0.4%, from $36B in 2023 to $36.7B in 2018.

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

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

Market Competitiveness

Color
China
Top DestinationUnited States$436B
Singapore
Top DestinationHong Kong$44.5B

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

In 2023, countries that imported more from China than Singapore included United States ($436B), Hong Kong ($259B), and Japan ($169B).

In 2023, countries that imported more from Singapore than China included Guam ($475M), Fiji ($804M), and New Caledonia ($418M).

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

Comparative Advantage China - Singapore

Flow
Scale

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

During 2023, China had a large net trade with Singapore in the exports of Machines ($30.4B), Transportation ($7.99B), and Mineral Products ($7.17B).

During 2018, Singapore had a large net trade with China in the exports of Machines ($16.8B), Chemical Products ($5.29B), and Plastics and Rubbers ($3.59B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Singapore+$1.4BIntegrated Circuits
Top Product Potential Singapore China+$2.74BIntegrated 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 China and Singapore. This means that a dot/product with the flag of China indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over China.

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

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