Singapore / Spain

Singapore-Spain Trade: In 2023, Singapore exported $521M to Spain. The main products that Singapore exported to Spain were Gas Turbines ($110M), Refined Petroleum ($45.7M), and Packaged Medicaments ($26.8M). Over the past 5 years the exports of Singapore to Spain have decreased at an annualized rate of 0.32%, from $529M in 2018 to $521M in 2023.

In 2023, Singapore did not export any services to Spain.

Spain-Singapore Trade: In 2023, Spain exported $1.49B to Singapore. The main products that Spain exported to Singapore were Vaccines, blood, antisera, toxins and cultures ($210M), Gas Turbines ($202M), and Raw Zinc ($168M). Over the past 5 years the exports of Spain to Singapore have decreased at an annualized rate of 1.63%,  from $1.62B in 2018 to $1.49B in 2023.

In 2009, Spain exported services to Singapore worth $313M, with Services not allocated ($225M) and Transportation ($87.9M) being the largest in terms of value.

Comparison: In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). That same year, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).