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Pricing

2022
Flag → Flag
Exports $8.06BRnk 8 / 138
2022
Flag → Flag
Top Product $3.51BCrude Petroleum
2022
Flag → Flag
Exports $984MRnk 33 / 215
2022
Flag → Flag
Top Product $173MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC $30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Saudi Arabia-Singapore Trade: In 2022, Saudi Arabia exported $8.06B to Singapore. The main products that Saudi Arabia exported to Singapore were Crude Petroleum ($3.51B), Refined Petroleum ($1.57B), and Ethylene Polymers ($1.4B). Over the past 5 years the exports of Saudi Arabia to Singapore have decreased at an annualized rate of 0.057%, from $8.08B in 2017 to $8.06B in 2022.

In 2022, Saudi Arabia did not export any services to Singapore.

Singapore-Saudi Arabia Trade: In 2022, Singapore exported $984M to Saudi Arabia. The main products that Singapore exported to Saudi Arabia were Refined Petroleum ($173M), Machinery Having Individual Functions ($92.5M), and Valves ($77.3M). Over the past 5 years the exports of Singapore to Saudi Arabia have increased at an annualized rate of 2.88%,  from $854M in 2017 to $984M in 2022.

In 2022, Singapore did not export any services to Saudi Arabia.

Comparison: In 2022,  Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B). 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, Saudi Arabia exported $8.06B to Singapore. The main products exported from Saudi Arabia to Singapore were Crude Petroleum ($3.51B), Refined Petroleum ($1.57B), and Ethylene Polymers ($1.4B). During the last 5 years the exports of Saudi Arabia to Singapore have decreased at an annualized rate of 0.057%, from $8.08B in 2017 to $8.06B in 2022.

In 2017, Singapore exported $984M to Saudi Arabia. The main products exported from Singapore to Saudi Arabia were Refined Petroleum ($173M), Machinery Having Individual Functions ($92.5M), and Valves ($77.3M). During the last 5 years the exports of Singapore to Saudi Arabia have increased at an annualized rate of 2.88%, from $854M in 2022 to $984M in 2017.

Exports from Saudi Arabia (Flag) to Singapore (Flag) (2022)

Exports from Singapore (Flag) to Saudi Arabia (Flag) (2022)

Latest Data

Trade between Saudi Arabia (Flag) and Singapore (Flag)

Saudi Arabia Exports

Singapore Exports

Market Competitiveness

Color
Saudi Arabia
Top DestinationChina$68B
Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from Saudi Arabia than Singapore included India ($46.2B), Japan ($36.5B), and South Korea ($36B).

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

Difference in imports from Singapore (Flag) and Saudi Arabia (Flag) (2022)

Comparative Advantage Saudi Arabia - Singapore

Flow
Scale

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

During 2022, Saudi Arabia had a large net trade with Singapore in the exports of Mineral Products ($5.14B), Plastics and Rubbers ($2.05B), and Chemical Products ($821M).

During 2017, Singapore had a large net trade with Saudi Arabia in the exports of Machines ($440M), Mineral Products ($173M), and Plastics and Rubbers ($83.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Saudi Arabia Singapore+$641MCrude Petroleum
Top Product Potential Singapore Saudi Arabia+$109MRefined Petroleum

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

Product Space of Saudi Arabia (Flag) and Singapore (Flag) (2022)

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