2022
Flag  
GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 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 
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
Rnk 21 / 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

Israel-Singapore Trade: In 2022, Israel exported $1.06B to Singapore. The main products that Israel exported to Singapore were Diamonds ($189M), Other Measuring Instruments ($102M), and Gas Turbines ($71.9M). Over the past 5 years the exports of Israel to Singapore have increased at an annualized rate of 11.7%, from $611M in 2017 to $1.06B in 2022.

In 2012, Israel exported services to Singapore worth $12.2M, with Computer and information services ($9.07M) and Construction services ($3.14M) being the largest in terms of value.

Singapore-Israel Trade: In 2022, Singapore exported $2.08B to Israel. The main products that Singapore exported to Israel were Refined Petroleum ($388M), Diamonds ($209M), and Integrated Circuits ($182M). Over the past 5 years the exports of Singapore to Israel have increased at an annualized rate of 2.49%,  from $1.63B in 2017 to $2.08B in 2022.

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

Comparison: In 2022,  Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B). 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, Israel exported $1.06B to Singapore. The main products exported from Israel to Singapore were Diamonds ($189M), Other Measuring Instruments ($102M), and Gas Turbines ($71.9M). During the last 5 years the exports of Israel to Singapore have increased at an annualized rate of 11.7%, from $611M in 2017 to $1.06B in 2022.

In 2017, Singapore exported $2.08B to Israel. The main products exported from Singapore to Israel were Refined Petroleum ($388M), Diamonds ($209M), and Integrated Circuits ($182M). During the last 5 years the exports of Singapore to Israel have increased at an annualized rate of 2.49%, from $1.63B in 2022 to $2.08B in 2017.

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

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

Latest Data

Trade between Israel (Flag) and Singapore (Flag)

Israel Exports

Singapore Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Singapore
Top Destination
Hong Kong$51.6B

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

In 2022, countries that imported more from Israel than Singapore included Palestine ($4.6B), Ireland ($3.86B), and Turkey ($2.33B).

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

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

Comparative Advantage Israel - Singapore

Flow
Scale

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

During 2022, Israel had a large net trade with Singapore in the exports of Machines ($454M), Precious Metals ($192M), and Instruments ($183M).

During 2017, Singapore had a large net trade with Israel in the exports of Machines ($777M), Mineral Products ($398M), and Precious Metals ($224M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Singapore+$71.2MIntegrated Circuits
Top Product Potential Singapore Israel+$84.8MRefined 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 Israel and Singapore. This means that a dot/product with the flag of Israel indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Israel.

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

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