Singapore (SGP) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Singapore-Italy Trade: In 2022, Singapore exported $498M to Italy. The main products that Singapore exported to Italy were Packaged Medicaments ($135M), Integrated Circuits ($131M), and Gold ($99.5M). Over the past 5 years the exports of Singapore to Italy have decreased at an annualized rate of 5.86%, from $674M in 2017 to $498M in 2022.

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

Italy-Singapore Trade: In 2022, Italy exported $2.72B to Singapore. The main products that Italy exported to Singapore were Integrated Circuits ($520M), Refined Petroleum ($228M), and Trunks and Cases ($127M). Over the past 5 years the exports of Italy to Singapore have increased at an annualized rate of 8.83%, from $1.78B in 2017 to $2.72B in 2022.

In 2020, Italy exported services to Singapore worth $387M, with Other business services ($262M), Communications services ($79.7M), and Computer and information services ($18.8M) 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Singapore exported $498M to Italy. The main products exported from Singapore to Italy were Packaged Medicaments ($135M), Integrated Circuits ($131M), and Gold ($99.5M). During the last 5 years the exports of Singapore to Italy have decreased at an annualized rate of 5.86%, from $674M in 2017 to $498M in 2022.

In 2017, Italy exported $2.72B to Singapore. The main products exported from Italy to Singapore were Integrated Circuits ($520M), Refined Petroleum ($228M), and Trunks and Cases ($127M). During the last 22 years the exports of Italy to Singapore have increased at an annualized rate of 8.83%, from $1.78B in 1995 to $2.72B in 2017.

Exports from Singapore () to Italy () (2022)

Exports from Italy () to Singapore () (2022)

Latest Data

Trade between Singapore () and Italy ()

Singapore Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Italy
Top DestinationGermany$78.5B

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

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

In 2022, countries that imported more from Italy than Singapore included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

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

Comparative Advantage Singapore - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with Italy in the exports of Machines ($273M), Chemical Products ($224M), and Precious Metals ($185M).

During 2017, Italy had a large net trade with Singapore in the exports of Machines ($1.19B), Chemical Products ($334M), and Mineral Products ($281M).

Service Trade

Bilateral Service Trade

Ita Year

In 2020, Italy exported services to Singapore worth $387M, with Other business services ($262M), Communications services ($79.7M), and Computer and information services ($18.8M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Singapore () to Italy () (2022)

Exports from Italy () to Singapore () (2022)

Latest Data

Trade between Singapore () and Italy ()

Singapore Exports

Italy Exports

Market Competitiveness

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

Comparative Advantage Singapore - Italy

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

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

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