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2023
Flag → Flag
Exports $682MRnk 40 / 217
2023
Flag → Flag
Top Product $169MGas Turbines
2023
Flag → Flag
Exports $726MRnk 66 / 216
2023
Flag → Flag
Top Product $300MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag  
GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
 GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 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$13,106CURRENT US$
Rnk 77 / 196
2013-2023
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GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195

About

Singapore-Turkey Trade: In 2023, Singapore exported $682M to Turkey. The main products that Singapore exported to Turkey were Gas Turbines ($169M), Other Domestic Electric Housewares ($35.7M), and Propylene Polymers ($35.3M). Over the past 5 years the exports of Singapore to Turkey have increased at an annualized rate of 7.33%, from $479M in 2018 to $682M in 2023.

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

Turkey-Singapore Trade: In 2023, Turkey exported $726M to Singapore. The main products that Turkey exported to Singapore were Refined Petroleum ($300M), Jewellery ($65M), and Gas Turbines ($59.6M). Over the past 5 years the exports of Turkey to Singapore have increased at an annualized rate of 3.18%,  from $621M in 2018 to $726M in 2023.

In 2009, Turkey exported services to Singapore worth $0, with 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Singapore exported $682M to Turkey. The main products exported from Singapore to Turkey were Gas Turbines ($169M), Other Domestic Electric Housewares ($35.7M), and Propylene Polymers ($35.3M). During the last 5 years the exports of Singapore to Turkey have increased at an annualized rate of 7.33%, from $479M in 2018 to $682M in 2023.

In 2018, Turkey exported $726M to Singapore. The main products exported from Turkey to Singapore were Refined Petroleum ($300M), Jewellery ($65M), and Gas Turbines ($59.6M). During the last 5 years the exports of Turkey to Singapore have increased at an annualized rate of 3.18%, from $621M in 2023 to $726M in 2018.

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

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

Latest Data

Trade between Singapore (Flag) and Turkey (Flag)

Singapore Exports

Turkey Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$44.5B
Turkey
Top DestinationGermany$24.7B

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

In 2023, countries that imported more from Singapore than Turkey included Hong Kong ($44.5B), China ($36.7B), and Malaysia ($31.4B).

In 2023, countries that imported more from Turkey than Singapore included Germany ($24.7B), Iraq ($12.8B), and United Kingdom ($15.1B).

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

Comparative Advantage Singapore - Turkey

Flow
Scale

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

During 2023, Singapore had a large net trade with Turkey in the exports of Machines ($323M), Plastics and Rubbers ($130M), and Instruments ($65M).

During 2018, Turkey had a large net trade with Singapore in the exports of N/A.

Economic Complexity

Competitive Landscape

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

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

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