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2023
Flag → Flag
Exports $960MRnk 24 / 211
2023
Flag → Flag
Top Product $296MVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $1.13BRnk 28 / 217
2023
Flag → Flag
Top Product $301MMachinery Having Individual Functions
2023
Flag
Economic Complexity (ECI) ECI 1.31Rnk 17 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$551BCURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP GROWTH127%CURRENT US$
Rnk 7 / 195
2023
Flag
 GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC $103,888CURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP PC GROWTH97.4%CURRENT US$
Rnk 9 / 195
2023
Flag
GDP PC$84,734CURRENT US$
Rnk 8 / 196
2013-2023
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GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195

About

Ireland-Singapore Trade: In 2023, Ireland exported $960M to Singapore. The main products that Ireland exported to Singapore were Vaccines, blood, antisera, toxins and cultures ($296M), Chemical Analysis Instruments ($123M), and Industrial Printers ($50.2M). Over the past 5 years the exports of Ireland to Singapore have decreased at an annualized rate of 0.16%, from $968M in 2018 to $960M in 2023.

In 2020, Ireland exported services to Singapore worth $1.44B, with Other business services ($1.22B), Financial services ($137M), and Travel ($62.8M) being the largest in terms of value.

Singapore-Ireland Trade: In 2023, Singapore exported $1.13B to Ireland. The main products that Singapore exported to Ireland were Machinery Having Individual Functions ($301M), Vaccines, blood, antisera, toxins and cultures ($282M), and Nitrogen Heterocyclic Compounds ($215M). Over the past 5 years the exports of Singapore to Ireland have increased at an annualized rate of 14.7%,  from $569M in 2018 to $1.13B in 2023.

In 2023, Singapore did not export any services to Ireland.

Comparison: In 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Latest Trends

November, 2024

About

Overview In November 2024, Ireland exported €83.8M and imported €68.6M from Singapore, resulting in a positive trade balance of €15.2M. Between November 2023 and November 2024 the exports of Ireland have increased by €14.9M (21.7%) from €68.8M to €83.8M, while imports decreased by €-29.7M (-30.2%) from €98.2M to €68.6M.

Trade In November 2024, the top exports of Ireland to Singapore were Medicinal and pharmaceutical products (€16.3M), Professional, scientific and controlling apparatus (€11M), Office machines and automatic data processing... (€5.9M), Miscellaneous manufactured articles, n.e.s. (€5.6M), and Essential oils, perfume materials, toilet preparations... (€4.01M). In November 2024 the top imports of Ireland from Singapore were Machinery specialised for particular industries (€15.7M), Organic chemicals (€15.2M), Medicinal and pharmaceutical products (€10.2M), Professional, scientific and controlling apparatus (€6.51M), and Power generating machinery and equipment (€3.19M).

Growth In November 2024, the increase in Ireland's year-by-year exports to Singapore was explained primarily by an increase in product exports in Professional, scientific and controlling apparatus (€3.39M or 44.4%), Miscellaneous manufactured articles, n.e.s. (€3.3M or 143%), and Power generating machinery and equipment (€2.13M or 204%). In November 2024, the decrease in Ireland's year-by-year imports  from Singapore was explained primarily by an decrease in product imports  in Miscellaneous manufactured articles, n.e.s. (€-819k or -45.2%), Telecommunications and sound recording, reproducing equipment (€-789k or -60.5%), and Plastics in non-primary forms (€-577k or -86%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€14.9M(21.7%)
IMPORT GROWTH (November 2023 - November 2024)€-29.7M(-30.2%)

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

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

For full datasets download visit Bulk Download page.

Explore Singapore and Ireland Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ireland exported $960M to Singapore. The main products exported from Ireland to Singapore were Vaccines, blood, antisera, toxins and cultures ($296M), Chemical Analysis Instruments ($123M), and Industrial Printers ($50.2M). During the last 5 years the exports of Ireland to Singapore have decreased at an annualized rate of 0.16%, from $968M in 2018 to $960M in 2023.

In 2018, Singapore exported $1.13B to Ireland. The main products exported from Singapore to Ireland were Machinery Having Individual Functions ($301M), Vaccines, blood, antisera, toxins and cultures ($282M), and Nitrogen Heterocyclic Compounds ($215M). During the last 5 years the exports of Singapore to Ireland have increased at an annualized rate of 14.7%, from $569M in 2023 to $1.13B in 2018.

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

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

Market Competitiveness

Color
Ireland
Top DestinationUnited States$67.4B
Singapore
Top DestinationHong Kong$44.5B

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

In 2023, countries that imported more from Ireland than Singapore included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

In 2023, countries that imported more from Singapore than Ireland included Hong Kong ($44.5B), Malaysia ($31.4B), and South Korea ($20.1B).

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

Comparative Advantage Ireland - Singapore

Flow
Scale

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

During 2023, Ireland had a large net trade with Singapore in the exports of Chemical Products ($396M), Instruments ($246M), and Machines ($181M).

During 2018, Singapore had a large net trade with Ireland in the exports of Chemical Products ($636M), Machines ($378M), and Instruments ($49.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Singapore+$34.6MVaccines, blood, antisera, toxins and cultures
Top Product Potential Singapore Ireland+$44.2MRefined 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 Ireland and Singapore. This means that a dot/product with the flag of Ireland indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Ireland.

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

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