2022
Flag  
GDP
$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH
65.5%CURRENT US$
Rnk 34 / 186
2022
Flag
 GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC 
$28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH
62.8%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186

About

Estonia-Singapore Trade: In 2022, Estonia exported $72.3M to Singapore. The main products that Estonia exported to Singapore were Refined Petroleum ($41.4M), Gas Turbines ($5.54M), and Electrical Control Boards ($4.99M). Over the past 5 years the exports of Estonia to Singapore have increased at an annualized rate of 3.72%, from $60.3M in 2017 to $72.3M in 2022.

In 2020, Estonia exported services to Singapore worth $55.9M, with Transportation ($47.4M), Computer and information services ($4.45M), and Other business services ($3.54M) being the largest in terms of value.

Singapore-Estonia Trade: In 2022, Singapore exported $22.2M to Estonia. The main products that Singapore exported to Estonia were Cocoa Butter ($7.95M), Coin ($3.64M), and Titanium ($1.62M). Over the past 5 years the exports of Singapore to Estonia have increased at an annualized rate of 5.08%,  from $17.4M in 2017 to $22.2M in 2022.

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

Comparison In 2022,  Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index. 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
Value

In 2022, Estonia exported $72.3M to Singapore. The main products exported from Estonia to Singapore were Refined Petroleum ($41.4M), Gas Turbines ($5.54M), and Electrical Control Boards ($4.99M). During the last 5 years the exports of Estonia to Singapore have increased at an annualized rate of 3.72%, from $60.3M in 2017 to $72.3M in 2022.

In 2017, Singapore exported $22.2M to Estonia. The main products exported from Singapore to Estonia were Cocoa Butter ($7.95M), Coin ($3.64M), and Titanium ($1.62M). During the last 5 years the exports of Singapore to Estonia have increased at an annualized rate of 5.08%, from $17.4M in 2022 to $22.2M in 2017.

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

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

Latest Data

Trade between Estonia (Flag) and Singapore (Flag)

Estonia Exports

Singapore Exports

Market Competitiveness

Color
Estonia
Top Destination
Finland$3B
Singapore
Top Destination
Hong Kong$51.6B

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

In 2022, countries that imported more from Estonia than Singapore included Latvia ($2.77B), Finland ($3B), and Sweden ($1.9B).

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

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

Comparative Advantage Estonia - Singapore

Flow
Scale

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

During 2022, Estonia had a large net trade with Singapore in the exports of Mineral Products ($41.5M), Machines ($18.8M), and Instruments ($6M).

During 2017, Singapore had a large net trade with Estonia in the exports of Foodstuffs ($8.04M), Machines ($4.33M), and Precious Metals ($3.67M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Estonia Singapore+N/AN/A
Top Product Potential Singapore Estonia+N/AN/A

N/A

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with