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Pricing

2022
Flag → Flag
Exports $28.9BRnk 4 / 215
2022
Flag → Flag
Top Product $4.06BOther Edible Preparations
2022
Flag → Flag
Exports $1.31BRnk 11 / 219
2022
Flag → Flag
Top Product $9.57BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 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$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Singapore-United States Trade: In 2022, Singapore exported $28.9B to United States. The main products that Singapore exported to United States were Other Edible Preparations ($4.06B), Vaccines, blood, antisera, toxins and cultures ($2.49B), and Refined Petroleum ($1.89B). Over the past 5 years the exports of Singapore to United States have increased at an annualized rate of 6.95%, from $20.6B in 2017 to $28.9B in 2022.

In 2015, Singapore exported services to United States worth $13.2B, with Transportation ($6.93B), Other business services ($5.87B), and Insurance services ($156M) being the largest in terms of value.

United States-Singapore In N/A, United States did not export any products to Singapore.

In 2017, United States exported services to Singapore worth $21.6B, with Other business services ($12.5B), Royalties and license fees ($2.98B), and Financial services ($2.9B) being the largest in terms of value.

Comparison: In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $28.9B to United States. The main products exported from Singapore to United States were Other Edible Preparations ($4.06B), Vaccines, blood, antisera, toxins and cultures ($2.49B), and Refined Petroleum ($1.89B). During the last 5 years the exports of Singapore to United States have increased at an annualized rate of 6.95%, from $20.6B in 2017 to $28.9B in 2022.

United States does not register exports to Singapore. The main products exported from United States to Singapore were Crude Petroleum ($9.57B), Machinery Having Individual Functions ($2.87B), and Gold ($1.82B).

Exports from Singapore (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Singapore (Flag) (2022)

Latest Data

Trade between Singapore (Flag) and United States (Flag)

Singapore Exports

United States Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$51.6B
United States
Top DestinationCanada$308B

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

In 2022, countries that imported more from Singapore than United States included Hong Kong ($51.6B), Malaysia ($35.9B), and Indonesia ($22.5B).

In 2022, countries that imported more from United States than Singapore included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Singapore (Flag) (2022)

Comparative Advantage Singapore - United States

Flow
Scale

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

During 2022, Singapore had a large net trade with United States in the exports of Machines ($9.28B), Chemical Products ($5.55B), and Instruments ($4.28B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore United States+$932MRefined Petroleum
Top Product Potential United States Singapore+N/AN/A

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

Product Space of Singapore (Flag) and United States (Flag) (2022)

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