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2023
Flag → Flag
Exports $52.2MRnk 101 / 217
2023
Flag → Flag
Top Product $13.8MIntegrated Circuits
2023
Flag → Flag
Exports $65MRnk 59 / 193
2023
Flag → Flag
Top Product $22.2MSeed Oils
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.39Rnk 47 / 132
2023
Flag  
GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
 GDP$179BCURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP GROWTH-6.16%CURRENT US$
Rnk 179 / 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$5,070CURRENT US$
Rnk 122 / 196
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 95 / 195

About

Singapore-Ukraine Trade: In 2023, Singapore exported $52.2M to Ukraine. The main products that Singapore exported to Ukraine were Integrated Circuits ($13.8M), Cocoa Butter ($7.65M), and Orthopedic Appliances ($3.39M). Over the past 5 years the exports of Singapore to Ukraine have increased at an annualized rate of 7.17%, from $36.9M in 2018 to $52.2M in 2023.

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

Ukraine-Singapore Trade: In 2023, Ukraine exported $65M to Singapore. The main products that Ukraine exported to Singapore were Seed Oils ($22.2M), Eggs ($12.2M), and Rapeseed Oil ($9.65M). Over the past 5 years the exports of Ukraine to Singapore have decreased at an annualized rate of 24%,  from $256M in 2018 to $65M in 2023.

In 2023, Ukraine 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, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Singapore exported $52.2M to Ukraine. The main products exported from Singapore to Ukraine were Integrated Circuits ($13.8M), Cocoa Butter ($7.65M), and Orthopedic Appliances ($3.39M). During the last 5 years the exports of Singapore to Ukraine have increased at an annualized rate of 7.17%, from $36.9M in 2018 to $52.2M in 2023.

In 2018, Ukraine exported $65M to Singapore. The main products exported from Ukraine to Singapore were Seed Oils ($22.2M), Eggs ($12.2M), and Rapeseed Oil ($9.65M). During the last 5 years the exports of Ukraine to Singapore have decreased at an annualized rate of 24%, from $256M in 2023 to $65M in 2018.

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

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

Latest Data

Trade between Singapore (Flag) and Ukraine (Flag)

Singapore Exports

Ukraine Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$44.5B
Ukraine
Top DestinationPoland$4.83B

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

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

In 2023, countries that imported more from Ukraine than Singapore included Poland ($4.83B), Romania ($3.56B), and Turkey ($2.88B).

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

Comparative Advantage Singapore - Ukraine

Flow
Scale

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

During 2023, Singapore had a large net trade with Ukraine in the exports of Machines ($24.9M), Instruments ($10.4M), and Foodstuffs ($8.36M).

During 2018, Ukraine had a large net trade with Singapore in the exports of Animal and Vegetable Bi-Products ($32.1M), Animal Products ($13.6M), and Vegetable Products ($7.47M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Ukraine+$3.91MTelephones
Top Product Potential Ukraine Singapore+$4.53MGas Turbines

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

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

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