Sign In
Pricing

2022
Flag → Flag
Exports $73.3BRnk 17 / 211
2022
Flag → Flag
Top Product $8.48BRefined Petroleum
2022
Flag → Flag
Exports $51.2BRnk 2 / 215
2022
Flag → Flag
Top Product $15BIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC $12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186
2022
Flag
GDP PC$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

China-Singapore Trade: In 2022, China exported $73.3B to Singapore. The main products that China exported to Singapore were Refined Petroleum ($8.48B), Integrated Circuits ($6.58B), and Broadcasting Equipment ($4.65B). Over the past 5 years the exports of China to Singapore have increased at an annualized rate of 7.62%, from $50.8B in 2017 to $73.3B in 2022.

In 2022, China did not export any services to Singapore.

Singapore-China Trade: In 2022, Singapore exported $51.2B to China. The main products that Singapore exported to China were Integrated Circuits ($15B), Machinery Having Individual Functions ($5.54B), and Ethylene Polymers ($2.69B). Over the past 5 years the exports of Singapore to China have decreased at an annualized rate of 0.75%,  from $53.1B in 2017 to $51.2B in 2022.

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 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Latest Trends

September, 2024

About

Overview In September 2024, China exported $5.94B and imported $2.68B from Singapore, resulting in a positive trade balance of $3.26B. Between September 2023 and September 2024 the exports of China have decreased by $-135M (-2.21%) from $6.07B to $5.94B, while imports increased by $95.5M (3.69%) from $2.59B to $2.68B.

Trade In September 2024, the top exports of China to Singapore were Special Purpose Ships ($994M), Refined Petroleum ($986M), Telephones ($571M), Passenger and Cargo Ships ($406M), and Commodities not elsewhere specified ($396M). In September 2024 the top imports of China from Singapore were Integrated Circuits ($414M), Machines and apparatus of a kind... ($289M), Gold ($241M), Ethylene Polymers ($125M), and Crude Petroleum ($112M).

Origins In September 2024 the exports of China were mainly from Guangdong Province ($1.09B), Shanghai Province ($895M), Shandong Province ($720M), Jiangsu Province ($672M), and Zhejiang Province ($587M), while imports destinations were mainly Jiangsu Province ($624M), Shanghai Province ($622M), Guangdong Province ($590M), Beijing ($175M), and Zhejiang Province ($125M).

Growth In September 2024, the decrease in China's year-by-year exports to Singapore was explained primarily by an decrease in product exports in Computers ($-91.1M or -29.2%), Integrated Circuits ($-84M or -19.8%), and Machines and apparatus of a kind... ($-28.8M or -41.7%). In September 2024, the increase in China's year-by-year imports  from Singapore was explained primarily by an increase in product imports  in Gold ($117M or 93.9%), Valves ($8.46M or 95%), and Polyamides ($5.16M or 35.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$-135M(-2.21%)
IMPORT GROWTH (September 2023 - September 2024)$95.5M(3.69%)
MAIN EXPORTER (September 2024)Guangdong Province$1.09B

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

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, China exported $73.3B to Singapore. The main products exported from China to Singapore were Refined Petroleum ($8.48B), Integrated Circuits ($6.58B), and Broadcasting Equipment ($4.65B). During the last 5 years the exports of China to Singapore have increased at an annualized rate of 7.62%, from $50.8B in 2017 to $73.3B in 2022.

In 2017, Singapore exported $51.2B to China. The main products exported from Singapore to China were Integrated Circuits ($15B), Machinery Having Individual Functions ($5.54B), and Ethylene Polymers ($2.69B). During the last 5 years the exports of Singapore to China have decreased at an annualized rate of 0.75%, from $53.1B in 2022 to $51.2B in 2017.

Exports from China (Flag) to Singapore (Flag) (2022)

Exports from Singapore (Flag) to China (Flag) (2022)

Market Competitiveness

Color
China
Top DestinationUnited States$551B
Singapore
Top DestinationHong Kong$51.6B

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 2022, countries that imported more from China than Singapore included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from Singapore than China included Guam ($444M), Fiji ($763M), and New Caledonia ($367M).

Difference in imports from Singapore (Flag) and China (Flag) (2022)

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 2022, China had a large net trade with Singapore in the exports of Machines ($31.9B), Mineral Products ($8.73B), and Transportation ($7.02B).

During 2017, Singapore had a large net trade with China in the exports of Machines ($27.7B), Chemical Products ($6.55B), and Plastics and Rubbers ($5.72B).

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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) (2022)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms