2023
Flag  
GDP
$3.05TCURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP GROWTH
8.37%CURRENT US$
Rnk 159 / 195
2023
Flag
 GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC 
$44,691CURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP PC GROWTH
4.74%CURRENT US$
Rnk 146 / 195
2023
Flag
GDP PC
$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 195

About

France-Singapore Trade: In 2023, France exported $13.2B to Singapore. The main products that France exported to Singapore were Trunks and Cases ($1.3B), Beauty Products ($1.26B), and Gas Turbines ($1.19B). Over the past 5 years the exports of France to Singapore have increased at an annualized rate of 4.16%, from $10.8B in 2018 to $13.2B in 2023.

In 2020, France exported services to Singapore worth $2.92B, with Other business services ($1.17B), Royalties and license fees ($1.13B), and Transportation ($351M) being the largest in terms of value.

Singapore-France Trade: In 2023, Singapore exported $2.45B to France. The main products that Singapore exported to France were Refined Petroleum ($392M), Machinery Having Individual Functions ($340M), and Planes, Helicopters, and/or Spacecraft ($309M). Over the past 5 years the exports of Singapore to France have decreased at an annualized rate of 1.19%,  from $3.01B in 2018 to $2.45B in 2023.

In 2015, Singapore exported services to France worth $763M, with Other business services ($495M), Transportation ($246M), and Royalties and license fees ($17.2M) being the largest in terms of value.

Comparison: In 2023,  France ranked 16 in the Economic Complexity Index (ECI 1.34), and 7 in total exports ($635B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, France exported $13.2B to Singapore. The main products exported from France to Singapore were Trunks and Cases ($1.3B), Beauty Products ($1.26B), and Gas Turbines ($1.19B). During the last 5 years the exports of France to Singapore have increased at an annualized rate of 4.16%, from $10.8B in 2018 to $13.2B in 2023.

In 2018, Singapore exported $2.45B to France. The main products exported from Singapore to France were Refined Petroleum ($392M), Machinery Having Individual Functions ($340M), and Planes, Helicopters, and/or Spacecraft ($309M). During the last 5 years the exports of Singapore to France have decreased at an annualized rate of 1.19%, from $3.01B in 2023 to $2.45B in 2018.

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

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

Latest Data

Trade between France (Flag) and Singapore (Flag)

France Exports

Singapore Exports

Market Competitiveness

Color
France
Top Destination
Germany$72.8B
Singapore
Top Destination
Hong Kong$44.5B

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

In 2023, countries that imported more from France than Singapore included Germany ($72.8B), Italy ($56.3B), and Belgium ($49.2B).

In 2023, countries that imported more from Singapore than France included Hong Kong ($44.5B), Malaysia ($31.4B), and Indonesia ($18.2B).

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

Comparative Advantage France - Singapore

Flow
Scale

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

During 2023, France had a large net trade with Singapore in the exports of Machines ($3.24B), Chemical Products ($3.13B), and Foodstuffs ($1.63B).

During 2018, Singapore had a large net trade with France in the exports of Machines ($814M), Chemical Products ($456M), and Mineral Products ($393M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential France Singapore+$94.9MIntegrated Circuits
Top Product Potential Singapore France+$317MRefined Petroleum

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

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

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