2022
Flag  
GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC 
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186

About

Singapore-Canada Trade: In 2022, Singapore exported $1.12B to Canada. The main products that Singapore exported to Canada were Vaccines, blood, antisera, toxins and cultures ($91.8M), Other Heating Machinery ($88.7M), and Integrated Circuits ($71M). Over the past 5 years the exports of Singapore to Canada have increased at an annualized rate of 5.98%, from $841M in 2017 to $1.12B in 2022.

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

Canada-Singapore Trade: In 2022, Canada exported $1.77B to Singapore. The main products that Canada exported to Singapore were Gas Turbines ($487M), Gold ($372M), and Integrated Circuits ($111M). Over the past 5 years the exports of Canada to Singapore have increased at an annualized rate of 8.54%,  from $1.17B in 2017 to $1.77B in 2022.

In 2020, Canada exported services to Singapore worth $446M, with Transportation ($195M), Financial services ($139M), and Computer and information services ($53.7M) being the largest in terms of value.

Comparison: In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $1.12B to Canada. The main products exported from Singapore to Canada were Vaccines, blood, antisera, toxins and cultures ($91.8M), Other Heating Machinery ($88.7M), and Integrated Circuits ($71M). During the last 5 years the exports of Singapore to Canada have increased at an annualized rate of 5.98%, from $841M in 2017 to $1.12B in 2022.

In 2017, Canada exported $1.77B to Singapore. The main products exported from Canada to Singapore were Gas Turbines ($487M), Gold ($372M), and Integrated Circuits ($111M). During the last 5 years the exports of Canada to Singapore have increased at an annualized rate of 8.54%, from $1.17B in 2022 to $1.77B in 2017.

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

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

Latest Data

Trade between Singapore (Flag) and Canada (Flag)

Singapore Exports

Canada Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$51.6B
Canada
Top Destination
United States$438B

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

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

In 2022, countries that imported more from Canada than Singapore included United States ($438B), United Kingdom ($12.9B), and Mexico ($7.39B).

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

Comparative Advantage Singapore - Canada

Flow
Scale

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

During 2022, Singapore had a large net trade with Canada in the exports of Machines ($531M), Chemical Products ($208M), and Instruments ($173M).

During 2017, Canada had a large net trade with Singapore in the exports of Machines ($842M), Precious Metals ($400M), and Chemical Products ($80.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Canada+$51.4MIntegrated Circuits
Top Product Potential Canada Singapore+$95.8MGold

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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Bilateral Service Trade

In 2020, Canada exported services to Singapore worth $446M, with Transportation ($195M), Financial services ($139M), and Computer and information services ($53.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Singapore (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Singapore (Flag) and Canada (Flag) (2022)

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