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2023
Flag → Flag
Exports $318MRnk 57 / 217
2023
Flag → Flag
Top Product $75.2MRefined Petroleum
2023
Flag → Flag
Exports $31.4MRnk 3 / 93
2023
Flag → Flag
Top Product $30.7MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
 GDP$6.59BCURRENT US$
Rnk 157 / 195
2013-2023
Flag
GDP GROWTH100%CURRENT US$
Rnk 15 / 195
2023
Flag
GDP PC $84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC$12,530CURRENT US$
Rnk 81 / 196
2013-2023
Flag
GDP PC GROWTH52.1%CURRENT US$
Rnk 44 / 195

About

Singapore-Maldives Trade: In 2023, Singapore exported $318M to Maldives. The main products that Singapore exported to Maldives were Refined Petroleum ($75.2M), Broadcasting Equipment ($27.5M), and X-Ray Equipment ($10.1M). Over the past 5 years the exports of Singapore to Maldives have decreased at an annualized rate of 3.96%, from $390M in 2018 to $318M in 2023.

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

Maldives-Singapore Trade: In 2023, Maldives exported $31.4M to Singapore. The main products that Maldives exported to Singapore were Refined Petroleum ($30.7M), Processed Crustaceans ($360k), and Integrated Circuits ($71.1k). Over the past 5 years the exports of Maldives to Singapore have increased at an annualized rate of 79.9%,  from $1.66M in 2018 to $31.4M in 2023.

In 2023, Maldives 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, Maldives ranked 176 in total exports ($361M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Singapore exported $318M to Maldives. The main products exported from Singapore to Maldives were Refined Petroleum ($75.2M), Broadcasting Equipment ($27.5M), and X-Ray Equipment ($10.1M). During the last 5 years the exports of Singapore to Maldives have decreased at an annualized rate of 3.96%, from $390M in 2018 to $318M in 2023.

In 2018, Maldives exported $31.4M to Singapore. The main products exported from Maldives to Singapore were Refined Petroleum ($30.7M), Processed Crustaceans ($360k), and Integrated Circuits ($71.1k). During the last 5 years the exports of Maldives to Singapore have increased at an annualized rate of 79.9%, from $1.66M in 2023 to $31.4M in 2018.

Exports from Singapore (Flag) to Maldives (Flag) (2023)

Exports from Maldives (Flag) to Singapore (Flag) (2023)

Latest Data

Trade between Singapore (Flag) and Maldives (Flag)

Singapore Exports

Maldives Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$44.5B
Maldives
Top DestinationThailand$115M

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

In 2023, countries that imported more from Singapore than Maldives included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

In 2023, no countries were registered that imported more from Maldives than from Singapore.

Difference in imports from Maldives (Flag) and Singapore (Flag) (2023)

Comparative Advantage Singapore - Maldives

Flow
Scale

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

During 2023, Singapore had a large net trade with Maldives in the exports of Machines ($119M), Mineral Products ($79.2M), and Foodstuffs ($17.7M).

During 2018, Maldives had a large net trade with Singapore in the exports of Mineral Products ($30.7M), Foodstuffs ($361k), and Machines ($150k).

Economic Complexity

Competitive Landscape

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

Product Space of Singapore (Flag) and Maldives (Flag) (2023)

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