2023
Flag  
GDP
$69.1BCURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP GROWTH
44.5%CURRENT US$
Rnk 88 / 195
2023
Flag
 GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC 
$32,610CURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP PC GROWTH
40.3%CURRENT US$
Rnk 61 / 195
2023
Flag
GDP PC
$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 195

About

Slovenia-Singapore Trade: In 2023, Slovenia exported $69.9M to Singapore. The main products that Slovenia exported to Singapore were Other Plastic Products ($5.57M), Raw Tobacco ($2.95M), and Excavation Machinery ($2.93M). Over the past 5 years the exports of Slovenia to Singapore have increased at an annualized rate of 3.1%, from $60M in 2018 to $69.9M in 2023.

In 2020, Slovenia exported services to Singapore worth $20.2M, with Insurance services ($7.42M), Transportation ($5.48M), and Other business services ($2.51M) being the largest in terms of value.

Singapore-Slovenia Trade: In 2023, Singapore exported $235M to Slovenia. The main products that Singapore exported to Slovenia were Packaged Medicaments ($192M), Gas Turbines ($5.49M), and Chemical Analysis Instruments ($4.02M). Over the past 5 years the exports of Singapore to Slovenia have increased at an annualized rate of 15.4%,  from $42.1M in 2018 to $235M in 2023.

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

Comparison: In 2023,  Slovenia ranked 12 in the Economic Complexity Index (ECI 1.48), and 53 in total exports ($60.8B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Slovenia exported $69.9M to Singapore. The main products exported from Slovenia to Singapore were Other Plastic Products ($5.57M), Raw Tobacco ($2.95M), and Excavation Machinery ($2.93M). During the last 5 years the exports of Slovenia to Singapore have increased at an annualized rate of 3.1%, from $60M in 2018 to $69.9M in 2023.

In 2018, Singapore exported $235M to Slovenia. The main products exported from Singapore to Slovenia were Packaged Medicaments ($192M), Gas Turbines ($5.49M), and Chemical Analysis Instruments ($4.02M). During the last 5 years the exports of Singapore to Slovenia have increased at an annualized rate of 15.4%, from $42.1M in 2023 to $235M in 2018.

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

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

Latest Data

Trade between Slovenia (Flag) and Singapore (Flag)

Slovenia Exports

Singapore Exports

Market Competitiveness

Color
Slovenia
Top Destination
Switzerland$13.5B
Singapore
Top Destination
Hong Kong$44.5B

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

In 2023, countries that imported more from Slovenia than Singapore included Switzerland ($13.5B), Italy ($6.23B), and Croatia ($4.85B).

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

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

Comparative Advantage Slovenia - Singapore

Flow
Scale

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

During 2023, Slovenia had a large net trade with Singapore in the exports of Machines ($27.5M), Plastics and Rubbers ($9.17M), and Metals ($6.05M).

During 2018, Singapore had a large net trade with Slovenia in the exports of Chemical Products ($197M), Machines ($19.7M), and Instruments ($7.27M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovenia Singapore+$7.86MPackaged Medicaments
Top Product Potential Singapore Slovenia+$7.27MPackaged Medicaments

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

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

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