Singapore (SGP) and France (FRA) Trade | The Observatory of Economic Complexity

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Singapore-France Trade: In 2023, Singapore exported $2.45B to France. The main products that Singapore exported to France were Refined Petroleum ($392M), Machinery Having Individual Functions ($340M), and Planes, Helicopters, and/or Spacecraft ($309M). Over the past 5 years the exports of Singapore to France have decreased at an annualized rate of 4%, from $3.01B in 2018 to $2.45B in 2023.

In 2015, Singapore exported services to France worth $763M, with Other business services ($495M), Transportation ($246M), and Royalties and license fees ($17.2M) being the largest in terms of value.

France-Singapore Trade: In 2023, France exported $13.2B to Singapore. The main products that France exported to Singapore were Trunks and Cases ($1.3B), Beauty Products ($1.26B), and Gas Turbines ($1.19B). Over the past 5 years the exports of France to Singapore have increased at an annualized rate of 4.16%, from $10.8B in 2018 to $13.2B in 2023.

In 2020, France exported services to Singapore worth $2.92B, with Other business services ($1.17B), Royalties and license fees ($1.13B), and Transportation ($351M) 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, France ranked 16 in the Economic Complexity Index (ECI 1.34), and 7 in total exports ($635B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Singapore exported $2.45B to France. The main products exported from Singapore to France were Refined Petroleum ($392M), Machinery Having Individual Functions ($340M), and Planes, Helicopters, and/or Spacecraft ($309M). During the last 5 years the exports of Singapore to France have decreased at an annualized rate of 4%, from $3.01B in 2018 to $2.45B in 2023.

In 2018, France exported $13.2B to Singapore. The main products exported from France to Singapore were Trunks and Cases ($1.3B), Beauty Products ($1.26B), and Gas Turbines ($1.19B). During the last 5 years the exports of France to Singapore have increased at an annualized rate of 4.16%, from $10.8B in 2023 to $13.2B in 2018.

Exports from Singapore () to France () (2023)

Exports from France () to Singapore () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$44.5B

France
Top DestinationGermany$72.8B

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

In 2023, countries that imported more from Singapore than France included Hong Kong ($44.5B), Malaysia ($31.4B), and Indonesia ($18.2B).

In 2023, countries that imported more from France than Singapore included Germany ($72.8B), Italy ($56.3B), and Belgium ($49.2B).

Difference in imports from France () and Singapore () (2023)

Comparative Advantage Singapore - France

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Singapore had a large net trade with France in the exports of Machines ($814M), Chemical Products ($456M), and Mineral Products ($393M).

During 2018, France had a large net trade with Singapore in the exports of Machines ($3.24B), Chemical Products ($3.13B), and Foodstuffs ($1.63B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Singapore France+$317MRefined Petroleum

Top Product Potential France Singapore+$94.9MIntegrated Circuits

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

Fra Year

Sgp Year

In 2015, Singapore exported services to France worth $763M, with Other business services ($495M), Transportation ($246M), and Royalties and license fees ($17.2M) being the largest in terms of value.

In 2020, France exported services to Singapore worth $2.92B, with Other business services ($1.17B), Royalties and license fees ($1.13B), and Transportation ($351M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Singapore () to France () (2015)

Services Exports from France () 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 France. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over France. Similarly, a dot/product with the flag of France indicates it has a comparative advantage over Singapore.

About

Historical Data

Bilateral Trade by Products

Exports from Singapore () to France () (2023)

Exports from France () to Singapore () (2023)

Market Competitiveness

Difference in imports from France () and Singapore () (2023)

Comparative Advantage Singapore - France

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Singapore () to France () (2015)

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Singapore () and France () (2023)

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