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

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Singapore-Italy Trade: In 2023, Singapore exported $845M to Italy. The main products that Singapore exported to Italy were Integrated Circuits ($132M), Packaged Medicaments ($86M), and Platinum ($74.6M). Over the past 5 years the exports of Singapore to Italy have increased at an annualized rate of 8.31%, from $567M in 2018 to $845M in 2023.

In 2023, Singapore did not export any services to Italy.

Italy-Singapore Trade: In 2023, Italy exported $4.76B to Singapore. The main products that Italy exported to Singapore were Integrated Circuits ($812M), Trunks and Cases ($435M), and Jewellery ($216M). Over the past 5 years the exports of Italy to Singapore have increased at an annualized rate of 4.65%, from $3.8B in 2018 to $4.76B in 2023.

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 2023, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Singapore exported $845M to Italy. The main products exported from Singapore to Italy were Integrated Circuits ($132M), Packaged Medicaments ($86M), and Platinum ($74.6M). During the last 5 years the exports of Singapore to Italy have increased at an annualized rate of 8.31%, from $567M in 2018 to $845M in 2023.

In 2018, Italy exported $4.76B to Singapore. The main products exported from Italy to Singapore were Integrated Circuits ($812M), Trunks and Cases ($435M), and Jewellery ($216M). During the last 5 years the exports of Italy to Singapore have increased at an annualized rate of 4.65%, from $3.8B in 2023 to $4.76B in 2018.

Exports from Singapore () to Italy () (2023)

Exports from Italy () to Singapore () (2023)

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$44.5B

Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Italy than Singapore included Germany ($71.4B), France ($61.1B), and United States ($70.9B).

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

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 2023, Singapore had a large net trade with Italy in the exports of Machines ($298M), Chemical Products ($164M), and Precious Metals ($143M).

During 2018, Italy had a large net trade with Singapore in the exports of Machines ($1.73B), Chemical Products ($568M), and Animal Hides ($467M).

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)

Service Trade

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 () (2023)

Exports from Italy () to Singapore () (2023)

Latest Data

Trade between Singapore () and Italy ()

Singapore Exports

Italy Exports

Market Competitiveness

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

Comparative Advantage Singapore - Italy

Bilateral Service Trade

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

Service Trade

Economic Complexity

Competitive Landscape

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

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