2022
Flag  
GDP
$12.6BCURRENT US$
Rnk 141 / 186
2012-2022
Flag
GDP GROWTH
-3.33%CURRENT US$
Rnk 168 / 186
2022
Flag
 GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC 
$4,911CURRENT US$
Rnk 113 / 186
2012-2022
Flag
GDP PC GROWTH
-18.4%CURRENT US$
Rnk 170 / 186
2022
Flag
GDP PC
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186

About

Namibia-Singapore Trade: In 2022, Namibia exported $91.5M to Singapore. The main products that Namibia exported to Singapore were Diamonds ($45.1M), Refined Copper ($15.5M), and Non-fillet Frozen Fish ($13.6M). Over the past 5 years the exports of Namibia to Singapore have increased at an annualized rate of 1.27%, from $85.9M in 2017 to $91.5M in 2022.

In 2022, Namibia did not export any services to Singapore.

Singapore-Namibia Trade: In 2022, Singapore exported $27.9M to Namibia. The main products that Singapore exported to Namibia were Planes, Helicopters, and/or Spacecraft ($12M), Refined Petroleum ($7.2M), and Aircraft Parts ($2.69M). Over the past 5 years the exports of Singapore to Namibia have increased at an annualized rate of 13.9%,  from $14.6M in 2017 to $27.9M in 2022.

In 2022, Singapore did not export any services to Namibia.

Comparison: In 2022,  Namibia ranked 94 in the Economic Complexity Index (ECI -0.63), and 121 in total exports ($6.18B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Namibia exported $91.5M to Singapore. The main products exported from Namibia to Singapore were Diamonds ($45.1M), Refined Copper ($15.5M), and Non-fillet Frozen Fish ($13.6M). During the last 5 years the exports of Namibia to Singapore have increased at an annualized rate of 1.27%, from $85.9M in 2017 to $91.5M in 2022.

In 2017, Singapore exported $27.9M to Namibia. The main products exported from Singapore to Namibia were Planes, Helicopters, and/or Spacecraft ($12M), Refined Petroleum ($7.2M), and Aircraft Parts ($2.69M). During the last 5 years the exports of Singapore to Namibia have increased at an annualized rate of 13.9%, from $14.6M in 2022 to $27.9M in 2017.

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

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

Latest Data

Trade between Namibia (Flag) and Singapore (Flag)

Namibia Exports

Singapore Exports

Market Competitiveness

Color
Namibia
Top Destination
South Africa$1.75B
Singapore
Top Destination
Hong Kong$51.6B

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 2022, countries that imported more from Namibia than Singapore included Botswana ($672M), South Africa ($1.75B), and Zambia ($279M).

In 2022, countries that imported more from Singapore than Namibia included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

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 2022, Namibia had a large net trade with Singapore in the exports of Precious Metals ($45.1M), Animal Products ($19.1M), and Metals ($17.4M).

During 2017, Singapore had a large net trade with Namibia in the exports of Transportation ($14.7M), Mineral Products ($7.2M), and Machines ($1.73M).

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) (2022)

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