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Pricing

2022
Flag → Flag
Exports $1.83BRnk 35 / 218
2022
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Top Product $673MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $596MRnk 46 / 215
2022
Flag → Flag
Top Product $94.1MGas Turbines
2022
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Economic Complexity (ECI) ECI 0.8Rnk 33 / 124
2022
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Economic Complexity (ECI) ECI 1.53Rnk 5 / 124
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
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GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC$82,808CURRENT US$
Rnk 7 / 186
2012-2022
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GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Spain-Singapore In 2022, Spain exported $1.83B to Singapore. The main products that Spain exported to Singapore are Vaccines, blood, antisera, toxins and cultures ($673M), Refined Petroleum ($216M), and Planes, Helicopters, and/or Spacecraft ($169M). During the last 27 years the exports of Spain to Singapore have increased at an annualized rate of 4.48%, from $561M in 1995 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 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). During the last 27 years the exports of Singapore to Spain have increased at an annualized rate of 1.8%, from $368M in 1995 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 0.8), and 20 in total exports ($394B). That same year, Singapore ranked 5 in the Economic Complexity Index (ECI 1.53), and 21 in total exports ($379B).

Latest Trends

January, 2024

About

Overview In January 2024, Spain exported €51.8M and imported €34.7M from Singapore, resulting in a positive trade balance of €17M. Between January 2023 and January 2024 the exports of Spain have decreased by €-16.6M (-24.3%) from €68.4M to €51.8M, while imports decreased by €-5.6M (-13.9%) from €40.3M to €34.7M.

Trade In January 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 January 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 January 2024 the exports of Spain were mainly from Barcelona (€10.1M), Madrid (€9.07M), Vizcaya (€8.57M), Pontevedra (€5.18M), and Guipúzcoa (€3.09M), while imports destinations were mainly Barcelona (€15.8M), Madrid (€14.1M), Valencia (€671k), Tarragona (€663k), and Burgos (€541k).

Growth In January 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 January 2024, the decrease in Spain's year-by-year imports  from Singapore was explained primarily by an decrease in product imports  in Packaged Medicaments (€-1.89M or -18.4%), Ink (€-1.21M or -69.1%), and Saturated Acyclic Monocarboxylic Acids (€-965k or -27.9%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)€-16.6M(-24.3%)
IMPORT GROWTH (January 2023 - January 2024)€-5.6M(-13.9%)
MAIN EXPORTER (January 2024)Barcelona€10.1M

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.

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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 27 years the exports of Spain to Singapore have increased at an annualized rate of 4.48%, from $561M in 1995 to $1.83B in 2022.

In 2022, 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 27 years the exports of Singapore to Spain have increased at an annualized rate of 1.8%, from $368M in 1995 to $596M in 2022.

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 2021, countries that imported more from Spain than Singapore were France ($65.2B), Portugal ($34.9B), and Germany ($39.2B).

In 2021, countries that imported more from Singapore than Spain were 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 2022, Singapore had a large net trade with Spain in the exports of Chemical Products ($213M), Machines ($178M), and Instruments ($69M).

Service Trade

Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from Spain (Flag) to Singapore (Flag) (2009)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Spain has comparative advantage over Singapore. Similarly, the more yellow a dot/product is, the more Singapore has comparative advantage over Spain.

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

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