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ExportsGermany-Singapore Trade: In 2023, Germany exported $8.74B to Singapore. The main products that Germany exported to Singapore were Integrated Circuits ($772M), Motor vehicles; parts and accessories (8701 to 8705) ($547M), and Gas Turbines ($542M). Over the past 5 years the exports of Germany to Singapore have decreased at an annualized rate of 2.51%, from $9.92B in 2018 to $8.74B in 2023.
In 2020, Germany exported services to Singapore worth $3.69B, with Transportation ($2B), Other business services ($921M), and Computer and information services ($373M) being the largest in terms of value.
Singapore-Germany Trade: In 2023, Singapore exported $6.61B to Germany. The main products that Singapore exported to Germany were Nitrogen Heterocyclic Compounds ($2.48B), Oxygen Amino Compounds ($406M), and Vaccines, blood, antisera, toxins and cultures ($337M). Over the past 5 years the exports of Singapore to Germany have decreased at an annualized rate of 3.06%, from $7.72B in 2018 to $6.61B in 2023.
In 2015, Singapore exported services to Germany worth $1.48B, with Other business services ($775M), Transportation ($634M), and Insurance services ($32.9M) being the largest in terms of value.
Comparison: In 2023, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).
