2022
Flag  
GDP
$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH
37%CURRENT US$
Rnk 89 / 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 
$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 58 / 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

Hong Kong-Singapore Trade: In 2022, Hong Kong exported $3.1B to Singapore. The main products that Hong Kong exported to Singapore were Gold ($1.34B), Integrated Circuits ($342M), and Jewellery ($199M). Over the past 5 years the exports of Hong Kong to Singapore have decreased at an annualized rate of 7.14%, from $4.49B in 2017 to $3.1B in 2022.

In 2022, Hong Kong did not export any services to Singapore.

Singapore-Hong Kong Trade: In 2022, Singapore exported $51.6B to Hong Kong. The main products that Singapore exported to Hong Kong were Integrated Circuits ($36.7B), Semiconductor Devices ($2.21B), and Refined Petroleum ($2.01B). Over the past 5 years the exports of Singapore to Hong Kong have decreased at an annualized rate of 2.42%,  from $58.3B in 2017 to $51.6B in 2022.

In 2015, Singapore exported services to Hong Kong worth $3.47B, with Other business services ($1.74B), Transportation ($1.49B), and Insurance services ($115M) being the largest in terms of value.

Comparison: In 2022,  Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). 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, Hong Kong exported $3.1B to Singapore. The main products exported from Hong Kong to Singapore were Gold ($1.34B), Integrated Circuits ($342M), and Jewellery ($199M). During the last 5 years the exports of Hong Kong to Singapore have decreased at an annualized rate of 7.14%, from $4.49B in 2017 to $3.1B in 2022.

In 2017, Singapore exported $51.6B to Hong Kong. The main products exported from Singapore to Hong Kong were Integrated Circuits ($36.7B), Semiconductor Devices ($2.21B), and Refined Petroleum ($2.01B). During the last 5 years the exports of Singapore to Hong Kong have decreased at an annualized rate of 2.42%, from $58.3B in 2022 to $51.6B in 2017.

Exports from Hong Kong (Flag) to Singapore (Flag) (2022)

Exports from Singapore (Flag) to Hong Kong (Flag) (2022)

Latest Data

Trade between Hong Kong (Flag) and Singapore (Flag)

Hong Kong Exports

Singapore Exports

Market Competitiveness

Color
Hong Kong
Top Destination
China$23.4B
Singapore
Top Destination
Hong Kong$51.6B

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

In 2022, countries that imported more from Hong Kong than Singapore included Macau ($2.73B), Russia ($2.38B), and Hungary ($1.88B).

In 2022, countries that imported more from Singapore than Hong Kong included Malaysia ($35.9B), China ($51.2B), and United States ($28.9B).

Difference in imports from Singapore (Flag) and Hong Kong (Flag) (2022)

Comparative Advantage Hong Kong - Singapore

Flow
Scale

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

During 2022, Hong Kong had a large net trade with Singapore in the exports of Precious Metals ($1.64B), Machines ($943M), and Chemical Products ($112M).

During 2017, Singapore had a large net trade with Hong Kong in the exports of Machines ($45B), Mineral Products ($2.03B), and Precious Metals ($1.21B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Singapore+$177MIntegrated Circuits
Top Product Potential Singapore Hong Kong+$126MComputers

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

Product Space of Hong Kong (Flag) and Singapore (Flag) (2022)

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