Singapore (SGP) and Estonia (EST) Trade | The Observatory of Economic Complexity

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Singapore-Estonia Trade: In 2022, Singapore exported $22.2M to Estonia. The main products that Singapore exported to Estonia were Cocoa Butter ($7.95M), Coin ($3.64M), and Titanium ($1.62M). Over the past 5 years the exports of Singapore to Estonia have increased at an annualized rate of 5.08%, from $17.4M in 2017 to $22.2M in 2022.

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

Estonia-Singapore Trade: In 2022, Estonia exported $72.3M to Singapore. The main products that Estonia exported to Singapore were Refined Petroleum ($41.4M), Gas Turbines ($5.54M), and Electrical Control Boards ($4.99M). Over the past 5 years the exports of Estonia to Singapore have increased at an annualized rate of 1.84%, from $60.3M in 2017 to $72.3M in 2022.

In 2020, Estonia exported services to Singapore worth $55.9M, with Transportation ($47.4M), Computer and information services ($4.45M), and Other business services ($3.54M) 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, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Singapore exported $22.2M to Estonia. The main products exported from Singapore to Estonia were Cocoa Butter ($7.95M), Coin ($3.64M), and Titanium ($1.62M). During the last 5 years the exports of Singapore to Estonia have increased at an annualized rate of 5.08%, from $17.4M in 2017 to $22.2M in 2022.

In 2017, Estonia exported $72.3M to Singapore. The main products exported from Estonia to Singapore were Refined Petroleum ($41.4M), Gas Turbines ($5.54M), and Electrical Control Boards ($4.99M). During the last 5 years the exports of Estonia to Singapore have increased at an annualized rate of 1.84%, from $60.3M in 2022 to $72.3M in 2017.

Exports from Singapore () to Estonia () (2022)

Exports from Estonia () to Singapore () (2022)

Latest Data

Trade between Singapore () and Estonia ()

Singapore Exports

Date

Estonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Estonia
Top DestinationFinland$3B

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

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

In 2022, countries that imported more from Estonia than Singapore included Latvia ($2.77B), Finland ($3B), and Sweden ($1.9B).

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

Comparative Advantage Singapore - Estonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with Estonia in the exports of Foodstuffs ($8.04M), Machines ($4.33M), and Precious Metals ($3.67M).

During 2017, Estonia had a large net trade with Singapore in the exports of Mineral Products ($41.5M), Machines ($18.8M), and Instruments ($6M).

Potential Exports

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Bilateral Service Trade

Est Year

In 2020, Estonia exported services to Singapore worth $55.9M, with Transportation ($47.4M), Computer and information services ($4.45M), and Other business services ($3.54M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Estonia () to Singapore () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Singapore () to Estonia () (2022)

Exports from Estonia () to Singapore () (2022)

Latest Data

Trade between Singapore () and Estonia ()

Singapore Exports

Estonia Exports

Market Competitiveness

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

Comparative Advantage Singapore - Estonia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Estonia () to Singapore () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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