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2022
Flag → Flag
Exports $3.04BRnk 39 / 221
2022
Flag → Flag
Top Product $520MIntegrated Circuits
2022
Flag → Flag
Exports $881MRnk 35 / 215
2022
Flag → Flag
Top Product $135MPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
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GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$82,808CURRENT US$
Rnk 7 / 186
2012-2022
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GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Italy-Singapore In 2022, Italy exported $3.04B to Singapore. The main products that Italy exported to Singapore are Integrated Circuits ($520M), Refined Petroleum ($228M), and Trunks and Cases ($127M). During the last 27 years the exports of Italy to Singapore have increased at an annualized rate of 2%, from $1.78B in 1995 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 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). During the last 27 years the exports of Singapore to Italy have increased at an annualized rate of 1%, from $674M in 1995 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).

Latest Trends

January, 2024

About

Overview In January 2024, Italy exported €171M and imported €40M from Singapore, resulting in a positive trade balance of €131M. Between January 2023 and January 2024 the exports of Italy have increased by €32.9M (23.7%) from €139M to €171M, while imports decreased by €-37.1M (-48.2%) from €77.1M to €40M.

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)€32.9M(23.7%)
IMPORT GROWTH (January 2023 - January 2024)€-37.1M(-48.2%)

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $3.04B to Singapore. The main products exported from Italy to Singapore were Integrated Circuits ($520M), Refined Petroleum ($228M), and Trunks and Cases ($127M). During the last 27 years the exports of Italy to Singapore have increased at an annualized rate of 2%, from $1.78B in 1995 to $3.04B in 2022.

In 2022, Singapore exported $881M to Italy. The main products exported from Singapore to Italy were Packaged Medicaments ($135M), Integrated Circuits ($131M), and Gold ($99.5M). During the last 27 years the exports of Singapore to Italy have increased at an annualized rate of 1%, from $674M in 1995 to $881M in 2022.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Singapore
Top DestinationHong Kong$51.6B

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

In 2021, countries that imported more from Italy than Singapore were Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2021, countries that imported more from Singapore than Italy were Hong Kong ($51.6B), Malaysia ($35.9B), and China ($51.2B).

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

Comparative Advantage Italy - Singapore

Flow
Scale

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

During 2022, Italy had a large net trade with Singapore in the exports of Machines ($1.19B), Chemical Products ($334M), and Mineral Products ($281M).

During 2022, Singapore had a large net trade with Italy in the exports of Machines ($273M), Chemical Products ($224M), and Precious Metals ($185M).

Service Trade

Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to Singapore (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Singapore. Similarly, the more yellow a dot/product is, the more Singapore has comparative advantage over Italy.

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

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