Singapore (SGP) and Angola (AGO) Trade | The Observatory of Economic Complexity

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Singapore-Angola Trade: In 2022, Singapore exported $78.5M to Angola. The main products that Singapore exported to Angola were Refined Petroleum ($11.9M), Palm Oil ($7.7M), and Valves ($6.19M). Over the past 5 years the exports of Singapore to Angola have decreased at an annualized rate of 28.1%, from $410M in 2017 to $78.5M in 2022.

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

Angola-Singapore Trade: In 2022, Angola exported $456M to Singapore. The main products that Angola exported to Singapore were Crude Petroleum ($294M), Petroleum Gas ($88M), and Refined Petroleum ($27.8M). Over the past 5 years the exports of Angola to Singapore have increased at an annualized rate of 8.32%, from $306M in 2017 to $456M in 2022.

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

Comparison: In 2022, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, Angola ranked 126 in the Economic Complexity Index (ECI -1.55), and 58 in total exports ($54.1B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Singapore exported $78.5M to Angola. The main products exported from Singapore to Angola were Refined Petroleum ($11.9M), Palm Oil ($7.7M), and Valves ($6.19M). During the last 5 years the exports of Singapore to Angola have decreased at an annualized rate of 28.1%, from $410M in 2017 to $78.5M in 2022.

In 2017, Angola exported $456M to Singapore. The main products exported from Angola to Singapore were Crude Petroleum ($294M), Petroleum Gas ($88M), and Refined Petroleum ($27.8M). During the last 5 years the exports of Angola to Singapore have increased at an annualized rate of 8.32%, from $306M in 2022 to $456M in 2017.

Exports from Singapore () to Angola () (2022)

Exports from Angola () to Singapore () (2022)

Latest Data

Trade between Singapore () and Angola ()

Singapore Exports

Date

Angola Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Angola
Top DestinationChina$21.8B

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

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

In 2022, countries that imported more from Angola than Singapore included Spain ($1.99B), France ($3.8B), and Italy ($1.59B).

Difference in imports from Angola () and Singapore () (2022)

Comparative Advantage Singapore - Angola

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with Angola in the exports of Machines ($22.1M), Animal and Vegetable Bi-Products ($13.2M), and Mineral Products ($11.9M).

During 2017, Angola had a large net trade with Singapore in the exports of Mineral Products ($410M), Transportation ($26.4M), and Precious Metals ($18.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Singapore Angola+$13.1MRefined Petroleum

Top Product Potential Angola Singapore+$314MCrude 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Singapore () to Angola () (2022)

Exports from Angola () to Singapore () (2022)

Latest Data

Trade between Singapore () and Angola ()

Singapore Exports

Angola Exports

Market Competitiveness

Difference in imports from Angola () and Singapore () (2022)

Comparative Advantage Singapore - Angola

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Singapore () and Angola () (2022)

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