2023
Flag
 GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC
$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 195

About

Montserrat-Singapore Trade: In 2023, Montserrat exported $24.1k to Singapore. The main products that Montserrat exported to Singapore were Glass Fibers ($12.5k), Electrical Control Boards ($5.97k), and Other Plastic Products ($1.91k). Over the past 5 years the exports of Montserrat to Singapore have decreased at an annualized rate of 42.3%, from $375k in 2018 to $24.1k in 2023.

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

Singapore-Montserrat Trade: In 2023, Singapore exported $184k to Montserrat. The main products that Singapore exported to Montserrat were Office Machine Parts ($175k), Excavation Machinery ($7.64k), and Revolution Counters ($1.31k). Over the past 5 years the exports of Singapore to Montserrat have decreased at an annualized rate of 41.8%,  from $2.76M in 2018 to $184k in 2023.

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

Comparison In 2023,  Montserrat ranked 218 in total exports ($6.05M), and does not have data regarding Economic Complexity Index. That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montserrat exported $24.1k to Singapore. The main products exported from Montserrat to Singapore were Glass Fibers ($12.5k), Electrical Control Boards ($5.97k), and Other Plastic Products ($1.91k). During the last 5 years the exports of Montserrat to Singapore have decreased at an annualized rate of 42.3%, from $375k in 2018 to $24.1k in 2023.

In 2018, Singapore exported $184k to Montserrat. The main products exported from Singapore to Montserrat were Office Machine Parts ($175k), Excavation Machinery ($7.64k), and Revolution Counters ($1.31k). During the last 5 years the exports of Singapore to Montserrat have decreased at an annualized rate of 41.8%, from $2.76M in 2023 to $184k in 2018.

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

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

Market Competitiveness

Color
Montserrat
Top Destination
United States$1.49M
Singapore
Top Destination
Hong Kong$44.5B

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

In 2023, countries that imported more from Montserrat than Singapore included Antigua and Barbuda ($796k).

In 2023, countries that imported more from Singapore than Montserrat included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

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

Comparative Advantage Montserrat - Singapore

Flow
Scale

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

During 2023, Montserrat had a large net trade with Singapore in the exports of Stone And Glass ($12.5k), Machines ($7.3k), and Plastics and Rubbers ($3.03k).

During 2018, Singapore had a large net trade with Montserrat in the exports of Machines ($183k), Instruments ($1.31k), and Transportation ($74).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Montserrat and Singapore. This means that a dot/product with the flag of Montserrat indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Montserrat.

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

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