2022
Flag  
GDP
$219BCURRENT US$
Rnk 54 / 186
2012-2022
Flag
GDP GROWTH
-9.49%CURRENT US$
Rnk 174 / 186
2022
Flag
 GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC 
$20,732CURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP PC GROWTH
-5.39%CURRENT US$
Rnk 154 / 186
2022
Flag
GDP PC
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186

About

Greece-Singapore Trade: In 2022, Greece exported $390M to Singapore. The main products that Greece exported to Singapore were Refined Petroleum ($283M), Engine Parts ($17.7M), and Centrifuges ($10.4M). Over the past 5 years the exports of Greece to Singapore have decreased at an annualized rate of 5.01%, from $505M in 2017 to $390M in 2022.

In 2020, Greece exported services to Singapore worth $1.24B, with Transportation ($1.22B), Other business services ($16.1M), and Computer and information services ($5.03M) being the largest in terms of value.

Singapore-Greece Trade: In 2022, Singapore exported $55.9M to Greece. The main products that Singapore exported to Greece were Packaged Medicaments ($23.7M), Other Vinyl Polymers ($3.61M), and Integrated Circuits ($1.68M). Over the past 5 years the exports of Singapore to Greece have increased at an annualized rate of 1.36%,  from $52.2M in 2017 to $55.9M in 2022.

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

Comparison: In 2022,  Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Greece exported $390M to Singapore. The main products exported from Greece to Singapore were Refined Petroleum ($283M), Engine Parts ($17.7M), and Centrifuges ($10.4M). During the last 5 years the exports of Greece to Singapore have decreased at an annualized rate of 5.01%, from $505M in 2017 to $390M in 2022.

In 2017, Singapore exported $55.9M to Greece. The main products exported from Singapore to Greece were Packaged Medicaments ($23.7M), Other Vinyl Polymers ($3.61M), and Integrated Circuits ($1.68M). During the last 5 years the exports of Singapore to Greece have increased at an annualized rate of 1.36%, from $52.2M in 2022 to $55.9M in 2017.

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

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

Latest Data

Trade between Greece (Flag) and Singapore (Flag)

Greece Exports

Singapore Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$5.82B
Singapore
Top Destination
Hong Kong$51.6B

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

In 2022, countries that imported more from Greece than Singapore included Italy ($5.82B), Bulgaria ($3.62B), and Cyprus ($2.92B).

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

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

Comparative Advantage Greece - Singapore

Flow
Scale

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

During 2022, Greece had a large net trade with Singapore in the exports of Mineral Products ($294M), Machines ($45.4M), and Chemical Products ($12.5M).

During 2017, Singapore had a large net trade with Greece in the exports of Chemical Products ($26.9M), Machines ($11M), and Plastics and Rubbers ($5.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Greece Singapore+$215MRefined Petroleum
Top Product Potential Singapore Greece+$18.9MPackaged 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 Greece and Singapore. This means that a dot/product with the flag of Greece indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Greece.

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

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