2023
Flag  
GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 195
2023
Flag
 GDP
$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH
38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
GDP PC 
$84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC
$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH
31.6%CURRENT US$
Rnk 75 / 195

About

Singapore-Hong Kong Trade: In 2023, Singapore exported $44.5B to Hong Kong. The main products that Singapore exported to Hong Kong were Integrated Circuits ($28.4B), Gold ($1.95B), and Refined Petroleum ($1.9B). Over the past 5 years the exports of Singapore to Hong Kong have increased at an annualized rate of 2.37%, from $39.6B in 2018 to $44.5B in 2023.

In 2015, Singapore exported services to Hong Kong worth $3.47B, with Other business services ($1.74B), Transportation ($1.49B), and Insurance services ($115M) being the largest in terms of value.

Hong Kong-Singapore Trade: In 2023, Hong Kong exported $2.26B to Singapore. The main products that Hong Kong exported to Singapore were Gold ($559M), Jewellery ($436M), and Paintings ($158M). Over the past 5 years the exports of Hong Kong to Singapore have decreased at an annualized rate of 9.84%,  from $3.79B in 2018 to $2.26B in 2023.

In 2023, Hong Kong did not export any services to Singapore.

Comparison: In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). That same year, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Singapore exported $44.5B to Hong Kong. The main products exported from Singapore to Hong Kong were Integrated Circuits ($28.4B), Gold ($1.95B), and Refined Petroleum ($1.9B). During the last 5 years the exports of Singapore to Hong Kong have increased at an annualized rate of 2.37%, from $39.6B in 2018 to $44.5B in 2023.

In 2018, Hong Kong exported $2.26B to Singapore. The main products exported from Hong Kong to Singapore were Gold ($559M), Jewellery ($436M), and Paintings ($158M). During the last 5 years the exports of Hong Kong to Singapore have decreased at an annualized rate of 9.84%, from $3.79B in 2023 to $2.26B in 2018.

Exports from Singapore (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to Singapore (Flag) (2023)

Latest Data

Trade between Singapore (Flag) and Hong Kong (Flag)

Singapore Exports

Hong Kong Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$44.5B
Hong Kong
Top Destination
China$25.3B

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

In 2023, countries that imported more from Singapore than Hong Kong included United States ($32.9B), Malaysia ($31.4B), and Indonesia ($18.2B).

In 2023, countries that imported more from Hong Kong than Singapore included Russia ($2.65B), Macau ($2.15B), and United Arab Emirates ($4.86B).

Difference in imports from Hong Kong (Flag) and Singapore (Flag) (2023)

Comparative Advantage Singapore - Hong Kong

Flow
Scale

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

During 2023, Singapore had a large net trade with Hong Kong in the exports of Machines ($36.1B), Precious Metals ($3.05B), and Mineral Products ($1.92B).

During 2018, Hong Kong had a large net trade with Singapore in the exports of Precious Metals ($1.07B), Machines ($506M), and Arts and Antiques ($159M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Hong Kong+$126MComputers
Top Product Potential Hong Kong Singapore+$177MIntegrated 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Singapore (Flag) and Hong Kong (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with