Turkey (TUR) and Singapore (SGP) Trade | The Observatory of Economic Complexity

2022

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Exports $864MRnk 59 / 219

2022

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About

Turkey-Singapore Trade: In 2022, Turkey exported $864M to Singapore. The main products that Turkey exported to Singapore were Refined Petroleum ($365M), Raw Iron Bars ($71M), and Tug Boats ($54.5M). Over the past 5 years the exports of Turkey to Singapore have increased at an annualized rate of 1.66%, from $796M in 2017 to $864M in 2022.

In 2009, Turkey exported services to Singapore worth $0, with being the largest in terms of value.

Singapore-Turkey Trade: In 2022, Singapore exported $684M to Turkey. The main products that Singapore exported to Turkey were Gas Turbines ($89M), Unprocessed Artificial Staple Fibers ($75.2M), and Vaccines, blood, antisera, toxins and cultures ($62.9M). Over the past 5 years the exports of Singapore to Turkey have increased at an annualized rate of 3.88%, from $565M in 2017 to $684M in 2022.

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

Comparison: In 2022, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Latest Data

Trade between Turkey () and Singapore ()

Turkey Exports

Date

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$21.9B

Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from Turkey than Singapore included Germany ($21.9B), Iraq ($13.7B), and Italy ($12.6B).

In 2022, countries that imported more from Singapore than Turkey included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

Difference in imports from Singapore () and Turkey () (2022)

Economic Complexity

Competitive Landscape

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