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2023
Flag → Flag
Exports $3BRnk 21 / 217
2023
Flag → Flag
Top Product $533MJewellery
2023
Flag → Flag
Exports $12.2BRnk 9 / 216
2023
Flag → Flag
Top Product $7.25BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
Flag  
GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
 GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC $84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC$49,041CURRENT US$
Rnk 27 / 196
2013-2023
Flag
GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195

About

Singapore-United Arab Emirates Trade: In 2023, Singapore exported $3B to United Arab Emirates. The main products that Singapore exported to United Arab Emirates were Jewellery ($533M), Special Purpose Ships ($379M), and Carboxylic Acids ($264M). Over the past 5 years the exports of Singapore to United Arab Emirates have increased at an annualized rate of 5.59%, from $2.28B in 2018 to $3B in 2023.

In 2023, Singapore did not export any services to United Arab Emirates.

United Arab Emirates-Singapore Trade: In 2023, United Arab Emirates exported $12.2B to Singapore. The main products that United Arab Emirates exported to Singapore were Crude Petroleum ($7.25B), Refined Petroleum ($3.28B), and Gold ($764M). Over the past 5 years the exports of United Arab Emirates to Singapore have increased at an annualized rate of 4.62%,  from $9.76B in 2018 to $12.2B in 2023.

In 2023, United Arab Emirates did not export any services to Singapore.

Comparison: In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). That same year, United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Singapore exported $3B to United Arab Emirates. The main products exported from Singapore to United Arab Emirates were Jewellery ($533M), Special Purpose Ships ($379M), and Carboxylic Acids ($264M). During the last 5 years the exports of Singapore to United Arab Emirates have increased at an annualized rate of 5.59%, from $2.28B in 2018 to $3B in 2023.

In 2018, United Arab Emirates exported $12.2B to Singapore. The main products exported from United Arab Emirates to Singapore were Crude Petroleum ($7.25B), Refined Petroleum ($3.28B), and Gold ($764M). During the last 5 years the exports of United Arab Emirates to Singapore have increased at an annualized rate of 4.62%, from $9.76B in 2023 to $12.2B in 2018.

Exports from Singapore (Flag) to United Arab Emirates (Flag) (2023)

Exports from United Arab Emirates (Flag) to Singapore (Flag) (2023)

Latest Data

Trade between Singapore (Flag) and United Arab Emirates (Flag)

Singapore Exports

United Arab Emirates Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$44.5B
United Arab Emirates
Top DestinationChina$40.2B

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

In 2023, countries that imported more from Singapore than United Arab Emirates included Hong Kong ($44.5B), United States ($32.9B), and Malaysia ($31.4B).

In 2023, countries that imported more from United Arab Emirates than Singapore included India ($38.2B), Japan ($37.4B), and Iraq ($22.6B).

Difference in imports from United Arab Emirates (Flag) and Singapore (Flag) (2023)

Comparative Advantage Singapore - United Arab Emirates

Flow
Scale

This chart compares trade between Singapore and United Arab Emirates by product, considering products traded by both, Singapore and United Arab Emirates.

During 2023, Singapore had a large net trade with United Arab Emirates in the exports of Machines ($664M), Precious Metals ($642M), and Chemical Products ($493M).

During 2018, United Arab Emirates had a large net trade with Singapore in the exports of Mineral Products ($10.6B), Precious Metals ($1.11B), and Machines ($182M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore United Arab Emirates+$155MRefined Petroleum
Top Product Potential United Arab Emirates Singapore+$233MRefined 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 Singapore and United Arab Emirates. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over United Arab Emirates. Similarly, a dot/product with the flag of United Arab Emirates indicates it has a comparative advantage over Singapore.

Product Space of Singapore (Flag) and United Arab Emirates (Flag) (2023)

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