Italy-Singapore Trade: In 2022, Italy exported $3.04B to Singapore. The main products that Italy exported to Singapore were Integrated Circuits ($520M), Refined Petroleum ($228M), and Trunks and Cases ($127M). Over the past 5 years the exports of Italy to Singapore have increased at an annualized rate of 2.24%, from $2.72B in 2017 to $3.04B in 2022.
In 2020, Italy exported services to Singapore worth $387M, with Other business services ($262M), Communications services ($79.7M), and Computer and information services ($18.8M) being the largest in terms of value.
Singapore-Italy Trade: In 2022, Singapore exported $881M to Italy. The main products that Singapore exported to Italy were Packaged Medicaments ($135M), Integrated Circuits ($131M), and Gold ($99.5M). Over the past 5 years the exports of Singapore to Italy have increased at an annualized rate of 12.1%, from $498M in 2017 to $881M in 2022.
In 2022, Singapore did not export any services to Italy.
Comparison: In 2022, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).