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2023
Flag → Flag
Exports $2.9BRnk 22 / 217
2023
Flag → Flag
Top Product $776MPackaged Medicaments
2023
Flag → Flag
Exports $8.2BRnk 12 / 223
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC $84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Singapore-United Kingdom Trade: In 2023, Singapore exported $2.9B to United Kingdom. The main products that Singapore exported to United Kingdom were Packaged Medicaments ($776M), Gas Turbines ($216M), and Nitrogen Heterocyclic Compounds ($144M). Over the past 5 years the exports of Singapore to United Kingdom have increased at an annualized rate of 1.04%, from $2.75B in 2018 to $2.9B in 2023.

In 2023, Singapore did not export any services to United Kingdom.

United Kingdom-Singapore Trade: In 2023, United Kingdom exported $8.2B to Singapore. The main products that United Kingdom exported to Singapore were N/A. Over the past 5 years the exports of United Kingdom to Singapore have increased at an annualized rate of 1.15%,  from $7.31B in 2018 to $8.2B in 2023.

In 2019, United Kingdom exported services to Singapore worth $4.29B, with Other business services ($2.59B), Transportation ($500M), and Travel ($468M) 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, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Singapore exported $2.9B to United Kingdom. The main products exported from Singapore to United Kingdom were Packaged Medicaments ($776M), Gas Turbines ($216M), and Nitrogen Heterocyclic Compounds ($144M). During the last 5 years the exports of Singapore to United Kingdom have increased at an annualized rate of 1.04%, from $2.75B in 2018 to $2.9B in 2023.

In 2018, United Kingdom exported $8.2B to Singapore. There were not main exports from United Kingdom to Singapore in 2018. During the last 5 years the exports of United Kingdom to Singapore have increased at an annualized rate of 1.15%, from $7.31B in 2023 to $8.2B in 2018.

Exports from Singapore (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Singapore (Flag) (2023)

Latest Data

Trade between Singapore (Flag) and United Kingdom (Flag)

Singapore Exports

United Kingdom Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$44.5B
United Kingdom
Top DestinationUnited States$59.7B

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

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

In 2023, countries that imported more from United Kingdom than Singapore included Germany ($34.6B), Ireland ($29.1B), and United States ($59.7B).

Difference in imports from United Kingdom (Flag) and Singapore (Flag) (2023)

Comparative Advantage Singapore - United Kingdom

Flow
Scale

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

During 2023, Singapore had a large net trade with United Kingdom in the exports of Chemical Products ($1.18B), Machines ($751M), and Instruments ($422M).

During 2018, United Kingdom had a large net trade with Singapore in the exports of Machines ($5.07B), Foodstuffs ($882M), and Transportation ($486M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore United Kingdom+$201MRefined Petroleum
Top Product Potential United Kingdom Singapore+$77.6MRefined 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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Bilateral Service Trade

In 2019, United Kingdom exported services to Singapore worth $4.29B, with Other business services ($2.59B), Transportation ($500M), and Travel ($468M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom (Flag) to Singapore (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Singapore (Flag) and United Kingdom (Flag) (2023)

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