2022
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GDP
$467BCURRENT US$
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2012-2022
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GDP GROWTH
58.2%CURRENT US$
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2022
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 GDP
$4.23TCURRENT US$
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2012-2022
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GDP GROWTH
-32.5%CURRENT US$
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2022
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GDP PC 
$82,808CURRENT US$
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2012-2022
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GDP PC GROWTH
49.1%CURRENT US$
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2022
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GDP PC
$33,815CURRENT US$
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2012-2022
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GDP PC GROWTH
-31.2%CURRENT US$
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About

Singapore-Japan Trade: In 2022, Singapore exported $12.1B to Japan. The main products that Singapore exported to Japan were Integrated Circuits ($1.47B), Machinery Having Individual Functions ($1.05B), and Packaged Medicaments ($756M). Over the past 5 years the exports of Singapore to Japan have decreased at an annualized rate of 2.18%, from $13.6B in 2017 to $12.1B in 2022.

In 2015, Singapore exported services to Japan worth $2.85B, with Transportation ($2.29B), Insurance services ($271M), and Royalties and license fees ($224M) being the largest in terms of value.

Japan-Singapore Trade: In 2022, Japan exported $20.7B to Singapore. The main products that Japan exported to Singapore were Gold ($2.47B), Refined Petroleum ($2.14B), and Machinery Having Individual Functions ($1.66B). Over the past 5 years the exports of Japan to Singapore have decreased at an annualized rate of 0.37%,  from $21.1B in 2017 to $20.7B in 2022.

In 2009, Japan exported services to Singapore worth $21.6B, with Services not allocated ($10.8B), Other business services ($7.31B), and Transportation ($2.3B) 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $12.1B to Japan. The main products exported from Singapore to Japan were Integrated Circuits ($1.47B), Machinery Having Individual Functions ($1.05B), and Packaged Medicaments ($756M). During the last 5 years the exports of Singapore to Japan have decreased at an annualized rate of 2.18%, from $13.6B in 2017 to $12.1B in 2022.

In 2017, Japan exported $20.7B to Singapore. The main products exported from Japan to Singapore were Gold ($2.47B), Refined Petroleum ($2.14B), and Machinery Having Individual Functions ($1.66B). During the last 5 years the exports of Japan to Singapore have decreased at an annualized rate of 0.37%, from $21.1B in 2022 to $20.7B in 2017.

Exports from Singapore (Flag) to Japan (Flag) (2022)

Exports from Japan (Flag) to Singapore (Flag) (2022)

Latest Data

Trade between Singapore (Flag) and Japan (Flag)

Singapore Exports

Japan Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$51.6B
Japan
Top Destination
United States$137B

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

In 2022, countries that imported more from Singapore than Japan included Hong Kong ($51.6B), Malaysia ($35.9B), and Cambodia ($8.2B).

In 2022, countries that imported more from Japan than Singapore included United States ($137B), China ($135B), and South Korea ($50.8B).

Difference in imports from Japan (Flag) and Singapore (Flag) (2022)

Comparative Advantage Singapore - Japan

Flow
Scale

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

During 2022, Singapore had a large net trade with Japan in the exports of Machines ($5.18B), Chemical Products ($1.94B), and Instruments ($1.23B).

During 2017, Japan had a large net trade with Singapore in the exports of Machines ($8.05B), Precious Metals ($2.88B), and Mineral Products ($2.26B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Japan+$294MIntegrated Circuits
Top Product Potential Japan Singapore+$133MIntegrated 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.

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Economic Complexity

Competitive Landscape

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

Product Space of Singapore (Flag) and Japan (Flag) (2022)

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