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2023
Flag → Flag
Exports $50.3MRnk 20 / 180
2023
Flag → Flag
Top Product $22.2MDiamonds
2023
Flag → Flag
Exports $93.4MRnk 85 / 217
2023
Flag → Flag
Top Product $57.4MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.74Rnk 98 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$12.4BCURRENT US$
Rnk 145 / 195
2013-2023
Flag
GDP GROWTH2.56%CURRENT US$
Rnk 167 / 195
2023
Flag
 GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC $4,168CURRENT US$
Rnk 129 / 195
2013-2023
Flag
GDP PC GROWTH-22%CURRENT US$
Rnk 180 / 195
2023
Flag
GDP PC$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195

About

Namibia-Singapore Trade: In 2023, Namibia exported $50.3M to Singapore. The main products that Namibia exported to Singapore were Diamonds ($22.2M), Non-fillet Frozen Fish ($14.9M), and Manganese Ore ($5.19M). Over the past 5 years the exports of Namibia to Singapore have decreased at an annualized rate of 25.4%, from $218M in 2018 to $50.3M in 2023.

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

Singapore-Namibia Trade: In 2023, Singapore exported $93.4M to Namibia. The main products that Singapore exported to Namibia were Refined Petroleum ($57.4M), Planes, Helicopters, and/or Spacecraft ($11.9M), and Large Construction Vehicles ($5.81M). Over the past 5 years the exports of Singapore to Namibia have increased at an annualized rate of 1.66%,  from $83.3M in 2018 to $93.4M in 2023.

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

Comparison: In 2023,  Namibia ranked 98 in the Economic Complexity Index (ECI -0.74), and 124 in total exports ($6.28B). 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, Namibia exported $50.3M to Singapore. The main products exported from Namibia to Singapore were Diamonds ($22.2M), Non-fillet Frozen Fish ($14.9M), and Manganese Ore ($5.19M). During the last 5 years the exports of Namibia to Singapore have decreased at an annualized rate of 25.4%, from $218M in 2018 to $50.3M in 2023.

In 2018, Singapore exported $93.4M to Namibia. The main products exported from Singapore to Namibia were Refined Petroleum ($57.4M), Planes, Helicopters, and/or Spacecraft ($11.9M), and Large Construction Vehicles ($5.81M). During the last 5 years the exports of Singapore to Namibia have increased at an annualized rate of 1.66%, from $83.3M in 2023 to $93.4M in 2018.

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

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

Latest Data

Trade between Namibia (Flag) and Singapore (Flag)

Namibia Exports

Singapore Exports

Market Competitiveness

Color
Namibia
Top DestinationSouth Africa$1.71B
Singapore
Top DestinationHong Kong$44.5B

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

In 2023, countries that imported more from Namibia than Singapore included South Africa ($1.71B), Botswana ($504M), and Democratic Republic of the Congo ($150M).

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

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

Comparative Advantage Namibia - Singapore

Flow
Scale

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

During 2023, Namibia had a large net trade with Singapore in the exports of Precious Metals ($22.2M), Animal Products ($19.2M), and Mineral Products ($5.42M).

During 2018, Singapore had a large net trade with Namibia in the exports of Mineral Products ($57.4M), Transportation ($15.3M), and Machines ($10.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Namibia Singapore+$6MDiamonds
Top Product Potential Singapore Namibia+$10MRefined 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 Namibia and Singapore. This means that a dot/product with the flag of Namibia indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Namibia.

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

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