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Pricing

2022
Flag → Flag
Exports $1.83BRnk 35 / 218
2022
Flag → Flag
Top Product $673MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $596MRnk 46 / 215
2022
Flag → Flag
Top Product $94.1MGas Turbines
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Spain-Singapore Trade: In 2022, Spain exported $1.83B to Singapore. The main products that Spain exported to Singapore were Vaccines, blood, antisera, toxins and cultures ($673M), Refined Petroleum ($216M), and Planes, Helicopters, and/or Spacecraft ($169M). Over the past 5 years the exports of Spain to Singapore have increased at an annualized rate of 21.7%, from $688M in 2017 to $1.83B in 2022.

In 2009, Spain exported services to Singapore worth $313M, with Services not allocated ($225M) and Transportation ($87.9M) being the largest in terms of value.

Singapore-Spain Trade: In 2022, Singapore exported $596M to Spain. The main products that Singapore exported to Spain were Gas Turbines ($94.1M), Packaged Medicaments ($84.3M), and Planes, Helicopters, and/or Spacecraft ($49.3M). Over the past 5 years the exports of Singapore to Spain have increased at an annualized rate of 8.79%,  from $391M in 2017 to $596M in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €44.8M and imported €57.2M from Singapore, resulting in a negative trade balance of €12.3M. Between August 2023 and August 2024 the exports of Spain have decreased by €-41.3M (-48%) from €86.1M to €44.8M, while imports increased by €37.4M (189%) from €19.8M to €57.2M.

Trade In August 2024, the top exports of Spain to Singapore were Refined Petroleum (€30.2M), Gas Turbines (€2.99M), Delivery Trucks (€2.52M), Pig Meat (€1.65M), and Perfumes (€1.47M). In August 2024 the top imports of Spain from Singapore were Packaged Medicaments (€8.35M), Gas Turbines (€7.64M), Hormones (€3.1M), Saturated Acyclic Monocarboxylic Acids (€2.5M), and Other Rubber Products (€2.49M).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€17.8M), Madrid (€6.81M), Sevilla (€1.86M), Pontevedra (€1.48M), and Castellón (€1.35M), while imports destinations were mainly Cádiz (€21.2M), Barcelona (€18.6M), Madrid (€10.8M), Tarragona (€1.88M), and Burgos (€778k).

Growth In August 2024, the decrease in Spain's year-by-year exports to Singapore was explained primarily by an decrease in product exports in Gas Turbines (€-3.17M or -51.5%), Polyacetals (€-1.08M or -96.9%), and Commodities not elsewhere specified (€-524k or -57.1%). In August 2024, the increase in Spain's year-by-year imports  from Singapore was explained primarily by an increase in product imports  in Gas Turbines (€3.16M or 70.4%), Other Rubber Products (€2.34M or 1.6k%), and Telephones (€1.2M or 177%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-41.3M(-48%)
IMPORT GROWTH (August 2023 - August 2024)€37.4M(189%)
MAIN EXPORTER (August 2024)Barcelona€17.8M

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

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

For full datasets download visit Bulk Download page.

Explore Singapore and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $1.83B to Singapore. The main products exported from Spain to Singapore were Vaccines, blood, antisera, toxins and cultures ($673M), Refined Petroleum ($216M), and Planes, Helicopters, and/or Spacecraft ($169M). During the last 5 years the exports of Spain to Singapore have increased at an annualized rate of 21.7%, from $688M in 2017 to $1.83B in 2022.

In 2017, Singapore exported $596M to Spain. The main products exported from Singapore to Spain were Gas Turbines ($94.1M), Packaged Medicaments ($84.3M), and Planes, Helicopters, and/or Spacecraft ($49.3M). During the last 5 years the exports of Singapore to Spain have increased at an annualized rate of 8.79%, from $391M in 2022 to $596M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from Spain than Singapore included France ($65.2B), Portugal ($34.9B), and Germany ($39.2B).

In 2022, countries that imported more from Singapore than Spain included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

Comparative Advantage Spain - Singapore

Flow
Scale

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

During 2022, Spain had a large net trade with Singapore in the exports of Chemical Products ($847M), Mineral Products ($240M), and Transportation ($230M).

During 2017, Singapore had a large net trade with Spain in the exports of Chemical Products ($213M), Machines ($178M), and Instruments ($69M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Singapore+$148MRefined Petroleum
Top Product Potential Singapore Spain+$60.1MPackaged Medicaments

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 Spain and Singapore. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Spain.

Product Space of Spain (Flag) and Singapore (Flag) (2022)

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