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2022
Flag → Flag
Exports $1.18BRnk 29 / 215
2022
Flag → Flag
Top Product $634MSpecial Purpose Ships
2022
Flag → Flag
Exports $494MRnk 29 / 209
2022
Flag → Flag
Top Product $108MPassenger and Cargo Ships
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC $82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186

About

Singapore-Norway Trade: In 2022, Singapore exported $1.18B to Norway. The main products that Singapore exported to Norway were Special Purpose Ships ($634M), Passenger and Cargo Ships ($133M), and Iron Structures ($133M). Over the past 5 years the exports of Singapore to Norway have increased at an annualized rate of 25.8%, from $373M in 2017 to $1.18B in 2022.

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

Norway-Singapore Trade: In 2022, Norway exported $494M to Singapore. The main products that Norway exported to Singapore were Passenger and Cargo Ships ($108M), Non-fillet Fresh Fish ($75.9M), and Refined Petroleum ($26.4M). Over the past 5 years the exports of Norway to Singapore have decreased at an annualized rate of 15.5%,  from $1.14B in 2017 to $494M in 2022.

In 2022, Norway 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $1.18B to Norway. The main products exported from Singapore to Norway were Special Purpose Ships ($634M), Passenger and Cargo Ships ($133M), and Iron Structures ($133M). During the last 5 years the exports of Singapore to Norway have increased at an annualized rate of 25.8%, from $373M in 2017 to $1.18B in 2022.

In 2017, Norway exported $494M to Singapore. The main products exported from Norway to Singapore were Passenger and Cargo Ships ($108M), Non-fillet Fresh Fish ($75.9M), and Refined Petroleum ($26.4M). During the last 5 years the exports of Norway to Singapore have decreased at an annualized rate of 15.5%, from $1.14B in 2022 to $494M in 2017.

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

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

Latest Data

Trade between Singapore (Flag) and Norway (Flag)

Singapore Exports

Norway Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$51.6B
Norway
Top DestinationGermany$78.1B

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

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

In 2022, countries that imported more from Norway than Singapore included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage Singapore - Norway

Flow
Scale

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

During 2022, Singapore had a large net trade with Norway in the exports of Transportation ($768M), Metals ($172M), and Machines ($125M).

During 2017, Norway had a large net trade with Singapore in the exports of Machines ($142M), Transportation ($110M), and Animal Products ($98.9M).

Economic Complexity

Competitive Landscape

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

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

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