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2023
Flag → Flag
Exports $4.76BRnk 32 / 219
2023
Flag → Flag
Top Product $812MIntegrated Circuits
2023
Flag → Flag
Exports $845MRnk 36 / 217
2023
Flag → Flag
Top Product $132MIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195

About

Italy-Singapore Trade: In 2023, Italy exported $4.76B to Singapore. The main products that Italy exported to Singapore were Integrated Circuits ($812M), Trunks and Cases ($435M), and Jewellery ($216M). Over the past 5 years the exports of Italy to Singapore have increased at an annualized rate of 4.65%, from $3.8B in 2018 to $4.76B in 2023.

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 2023, Singapore exported $845M to Italy. The main products that Singapore exported to Italy were Integrated Circuits ($132M), Packaged Medicaments ($86M), and Platinum ($74.6M). Over the past 5 years the exports of Singapore to Italy have increased at an annualized rate of 8.31%,  from $567M in 2018 to $845M in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €312M and imported €63.2M from Singapore, resulting in a positive trade balance of €249M. Between October 2023 and October 2024 the exports of Italy have increased by €88.5M (39.6%) from €223M to €312M, while imports increased by €35.5M (128%) from €27.7M to €63.2M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€88.5M(39.6%)
IMPORT GROWTH (October 2023 - October 2024)€35.5M(128%)

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.

Explore Singapore and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $4.76B to Singapore. The main products exported from Italy to Singapore were Integrated Circuits ($812M), Trunks and Cases ($435M), and Jewellery ($216M). During the last 5 years the exports of Italy to Singapore have increased at an annualized rate of 4.65%, from $3.8B in 2018 to $4.76B in 2023.

In 2018, Singapore exported $845M to Italy. The main products exported from Singapore to Italy were Integrated Circuits ($132M), Packaged Medicaments ($86M), and Platinum ($74.6M). During the last 5 years the exports of Singapore to Italy have increased at an annualized rate of 8.31%, from $567M in 2023 to $845M in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Singapore
Top DestinationHong Kong$44.5B

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 2023, countries that imported more from Italy than Singapore included Germany ($71.4B), France ($61.1B), and United States ($70.9B).

In 2023, countries that imported more from Singapore than Italy included Hong Kong ($44.5B), Malaysia ($31.4B), and Indonesia ($18.2B).

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

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 2023, Italy had a large net trade with Singapore in the exports of Machines ($1.73B), Chemical Products ($568M), and Animal Hides ($467M).

During 2018, Singapore had a large net trade with Italy in the exports of Machines ($298M), Chemical Products ($164M), and Precious Metals ($143M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Singapore+$126MRefined Petroleum
Top Product Potential Singapore Italy+$86MIntegrated Circuits

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

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

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