Vietnam (VNM) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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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 10.2%, from $3.06B in 2017 to $4.97B in 2022.

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

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 0.78%, from $9.34B in 2017 to $10.7B in 2022.

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

Comparison: In 2022, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 10.2%, from $3.06B in 2017 to $4.97B in 2022.

In 2017, 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 0.78%, from $9.34B in 2022 to $10.7B in 2017.

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

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

Latest Data

Trade between Vietnam () and Singapore ()

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$117B

Singapore
Top DestinationHong Kong$51.6B

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

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

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

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

Comparative Advantage Vietnam - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Vietnam had a large net trade with Singapore in the exports of Machines ($2.4B), Stone And Glass ($473M), and Mineral Products ($328M).

During 2017, Singapore had a large net trade with Vietnam in the exports of Machines ($4.68B), Mineral Products ($1.91B), and Chemical Products ($1.24B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Singapore+$362MIntegrated Circuits

Top Product Potential Singapore Vietnam+$473MIntegrated Circuits

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

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Vietnam () and Singapore ()

Singapore Exports

Market Competitiveness

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

Comparative Advantage Vietnam - Singapore

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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