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Pricing

2022
Flag → Flag
Exports $3.04BRnk 39 / 221
2022
Flag → Flag
Top Product $520MIntegrated Circuits
2022
Flag → Flag
Exports $881MRnk 35 / 215
2022
Flag → Flag
Top Product $135MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Italy-Singapore Trade: In 2022, Italy exported $3.04B to Singapore. The main products that Italy exported to Singapore were Integrated Circuits ($520M), Refined Petroleum ($228M), and Trunks and Cases ($127M). Over the past 5 years the exports of Italy to Singapore have increased at an annualized rate of 2.24%, from $2.72B in 2017 to $3.04B in 2022.

In 2020, Italy exported services to Singapore worth $387M, with Other business services ($262M), Communications services ($79.7M), and Computer and information services ($18.8M) being the largest in terms of value.

Singapore-Italy Trade: In 2022, Singapore exported $881M to Italy. The main products that Singapore exported to Italy were Packaged Medicaments ($135M), Integrated Circuits ($131M), and Gold ($99.5M). Over the past 5 years the exports of Singapore to Italy have increased at an annualized rate of 12.1%,  from $498M in 2017 to $881M in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Latest Trends

March, 2024

About

Overview In March 2024, Italy exported €189M and imported €67.5M from Singapore, resulting in a positive trade balance of €121M. Between March 2023 and March 2024 the exports of Italy have decreased by €-46.5M (-19.8%) from €235M to €189M, while imports increased by €27M (66.6%) from €40.5M to €67.5M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (March 2023 - March 2024)€-46.5M(-19.8%)
IMPORT GROWTH (March 2023 - March 2024)€27M(66.6%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Singapore and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Singapore and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $3.04B to Singapore. The main products exported from Italy to Singapore were Integrated Circuits ($520M), Refined Petroleum ($228M), and Trunks and Cases ($127M). During the last 5 years the exports of Italy to Singapore have increased at an annualized rate of 2.24%, from $2.72B in 2017 to $3.04B in 2022.

In 2017, Singapore exported $881M to Italy. The main products exported from Singapore to Italy were Packaged Medicaments ($135M), Integrated Circuits ($131M), and Gold ($99.5M). During the last 5 years the exports of Singapore to Italy have increased at an annualized rate of 12.1%, from $498M in 2022 to $881M in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from Italy than Singapore included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

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

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

Comparative Advantage Italy - Singapore

Flow
Scale

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

During 2022, Italy had a large net trade with Singapore in the exports of Machines ($1.19B), Chemical Products ($334M), and Mineral Products ($281M).

During 2017, Singapore had a large net trade with Italy in the exports of Machines ($273M), Chemical Products ($224M), and Precious Metals ($185M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Singapore+$126MRefined Petroleum
Top Product Potential Singapore Italy+$86MIntegrated 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

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

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

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