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2022
Flag → Flag
Exports $179MRnk 65 / 215
2022
Flag → Flag
Top Product $35.3MPackaged Medicaments
2022
Flag → Flag
Exports $145MRnk 48 / 187
2022
Flag → Flag
Top Product $89.5MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
GDP PC $82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

Singapore-Colombia Trade: In 2022, Singapore exported $179M to Colombia. The main products that Singapore exported to Colombia were Packaged Medicaments ($35.3M), Malt Extract ($13M), and Integrated Circuits ($10.5M). Over the past 5 years the exports of Singapore to Colombia have increased at an annualized rate of 2.31%, from $160M in 2017 to $179M in 2022.

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

Colombia-Singapore Trade: In 2022, Colombia exported $145M to Singapore. The main products that Colombia exported to Singapore were Refined Petroleum ($89.5M), Paintings ($11.5M), and Precious Metal Ore ($9.6M). Over the past 5 years the exports of Colombia to Singapore have decreased at an annualized rate of 17.7%,  from $465M in 2017 to $145M in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $179M to Colombia. The main products exported from Singapore to Colombia were Packaged Medicaments ($35.3M), Malt Extract ($13M), and Integrated Circuits ($10.5M). During the last 5 years the exports of Singapore to Colombia have increased at an annualized rate of 2.31%, from $160M in 2017 to $179M in 2022.

In 2017, Colombia exported $145M to Singapore. The main products exported from Colombia to Singapore were Refined Petroleum ($89.5M), Paintings ($11.5M), and Precious Metal Ore ($9.6M). During the last 5 years the exports of Colombia to Singapore have decreased at an annualized rate of 17.7%, from $465M in 2022 to $145M in 2017.

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

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

Latest Data

Trade between Singapore (Flag) and Colombia (Flag)

Singapore Exports

Colombia Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$51.6B
Colombia
Top DestinationUnited States$15.6B

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

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

In 2022, countries that imported more from Colombia than Singapore included Panama ($5.84B), Ecuador ($1.89B), and Turkey ($2.27B).

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

Comparative Advantage Singapore - Colombia

Flow
Scale

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

During 2022, Singapore had a large net trade with Colombia in the exports of Machines ($50.2M), Chemical Products ($47.7M), and Instruments ($26.5M).

During 2017, Colombia had a large net trade with Singapore in the exports of Mineral Products ($108M), Arts and Antiques ($11.6M), and Precious Metals ($7.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Colombia+$16.7MPackaged Medicaments
Top Product Potential Colombia Singapore+$73.7MRefined 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 Colombia. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Colombia. Similarly, a dot/product with the flag of Colombia indicates it has a comparative advantage over Singapore.

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

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