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2022
Flag → Flag
Exports $10.7BRnk 11 / 215
2022
Flag → Flag
Top Product $2.59BIntegrated Circuits
2022
Flag → Flag
Exports $4.97BRnk 19 / 152
2022
Flag → Flag
Top Product $574MIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 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$4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

Singapore-Vietnam Trade: In 2022, Singapore exported $10.7B to Vietnam. The main products that Singapore exported to Vietnam were Integrated Circuits ($2.59B), Refined Petroleum ($1.69B), and Ethylene Polymers ($586M). Over the past 5 years the exports of Singapore to Vietnam have increased at an annualized rate of 2.68%, from $9.34B in 2017 to $10.7B in 2022.

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

Vietnam-Singapore Trade: In 2022, Vietnam exported $4.97B to Singapore. The main products that Vietnam exported to Singapore were Integrated Circuits ($574M), Broadcasting Equipment ($501M), and Other Glass Articles ($342M). Over the past 5 years the exports of Vietnam to Singapore have increased at an annualized rate of 5.54%,  from $3.06B in 2017 to $4.97B in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $10.7B to Vietnam. The main products exported from Singapore to Vietnam were Integrated Circuits ($2.59B), Refined Petroleum ($1.69B), and Ethylene Polymers ($586M). During the last 5 years the exports of Singapore to Vietnam have increased at an annualized rate of 2.68%, from $9.34B in 2017 to $10.7B in 2022.

In 2017, Vietnam exported $4.97B to Singapore. The main products exported from Vietnam to Singapore were Integrated Circuits ($574M), Broadcasting Equipment ($501M), and Other Glass Articles ($342M). During the last 5 years the exports of Vietnam to Singapore have increased at an annualized rate of 5.54%, from $3.06B in 2022 to $4.97B in 2017.

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

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

Latest Data

Trade between Singapore (Flag) and Vietnam (Flag)

Singapore Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$51.6B
Vietnam
Top DestinationUnited States$117B

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

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

In 2022, countries that imported more from Vietnam than Singapore included United States ($117B), South Korea ($25.2B), and Japan ($25B).

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

Comparative Advantage Singapore - Vietnam

Flow
Scale

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

During 2022, Singapore had a large net trade with Vietnam in the exports of Machines ($4.68B), Mineral Products ($1.91B), and Chemical Products ($1.24B).

During 2017, Vietnam had a large net trade with Singapore in the exports of Machines ($2.4B), Stone And Glass ($473M), and Mineral Products ($328M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Vietnam+$473MIntegrated Circuits
Top Product Potential Vietnam 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 Vietnam. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Vietnam. Similarly, a dot/product with the flag of Vietnam indicates it has a comparative advantage over Singapore.

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

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