Singapore-India Trade: In 2023, Singapore exported $7.25B to India. The main products that Singapore exported to India were Refined Petroleum ($774M), Computers ($508M), and Integrated Circuits ($492M). Over the past 5 years the exports of Singapore to India have decreased at an annualized rate of 12.7%, from $14.3B in 2018 to $7.25B in 2023.
In 2015, Singapore exported services to India worth $2.46B, with Transportation ($1.53B), Other business services ($658M), and Insurance services ($122M) being the largest in terms of value.
India-Singapore Trade: In 2023, India exported $10.4B to Singapore. The main products that India exported to Singapore were Refined Petroleum ($5.36B), Jewellery ($652M), and Raw Zinc ($259M). Over the past 5 years the exports of India to Singapore have increased at an annualized rate of 4.93%, from $8.15B in 2018 to $10.4B in 2023.
In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).