2022
Flag  
GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
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2022
Flag
 GDP
$1.41TCURRENT US$
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2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
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2022
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GDP PC 
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
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2022
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GDP PC
$11,091CURRENT US$
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2012-2022
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GDP PC GROWTH
6.89%CURRENT US$
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About

Singapore-Mexico Trade: In 2022, Singapore exported $1.93B to Mexico. The main products that Singapore exported to Mexico were Integrated Circuits ($577M), Semiconductor Devices ($317M), and Office Machine Parts ($190M). Over the past 5 years the exports of Singapore to Mexico have increased at an annualized rate of 7.13%, from $1.37B in 2017 to $1.93B in 2022.

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

Mexico-Singapore Trade: In 2022, Mexico exported $1.82B to Singapore. The main products that Mexico exported to Singapore were Medical Instruments ($293M), Gas Turbines ($169M), and Computers ($131M). Over the past 5 years the exports of Mexico to Singapore have increased at an annualized rate of 4.91%,  from $1.43B in 2017 to $1.82B in 2022.

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

Comparison: In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $1.93B to Mexico. The main products exported from Singapore to Mexico were Integrated Circuits ($577M), Semiconductor Devices ($317M), and Office Machine Parts ($190M). During the last 5 years the exports of Singapore to Mexico have increased at an annualized rate of 7.13%, from $1.37B in 2017 to $1.93B in 2022.

In 2017, Mexico exported $1.82B to Singapore. The main products exported from Mexico to Singapore were Medical Instruments ($293M), Gas Turbines ($169M), and Computers ($131M). During the last 5 years the exports of Mexico to Singapore have increased at an annualized rate of 4.91%, from $1.43B in 2022 to $1.82B in 2017.

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

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

Latest Data

Trade between Singapore (Flag) and Mexico (Flag)

Singapore Exports

Mexico Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$51.6B
Mexico
Top Destination
United States$421B

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

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

In 2022, countries that imported more from Mexico than Singapore included United States ($421B), Canada ($22.2B), and Spain ($5.41B).

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

Comparative Advantage Singapore - Mexico

Flow
Scale

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

During 2022, Singapore had a large net trade with Mexico in the exports of Machines ($1.59B), Instruments ($96M), and Plastics and Rubbers ($55.2M).

During 2017, Mexico had a large net trade with Singapore in the exports of Machines ($936M), Instruments ($380M), and Chemical Products ($153M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Mexico+$369MIntegrated Circuits
Top Product Potential Mexico Singapore+$136MComputers

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 Mexico. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Mexico. Similarly, a dot/product with the flag of Mexico indicates it has a comparative advantage over Singapore.

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

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