2022
Flag  
GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
Flag
GDP PC 
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186

About

Singapore-Ireland Trade: In 2022, Singapore exported $821M to Ireland. The main products that Singapore exported to Ireland were Machinery Having Individual Functions ($385M), Vaccines, blood, antisera, toxins and cultures ($71.2M), and Oxygen Amino Compounds ($39.6M). Over the past 5 years the exports of Singapore to Ireland have increased at an annualized rate of 35.3%, from $181M in 2017 to $821M in 2022.

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

Ireland-Singapore Trade: In 2022, Ireland exported $973M to Singapore. The main products that Ireland exported to Singapore were Packaged Medicaments ($142M), Vaccines, blood, antisera, toxins and cultures ($110M), and Chemical Analysis Instruments ($100M). Over the past 5 years the exports of Ireland to Singapore have increased at an annualized rate of 1.22%,  from $916M in 2017 to $973M in 2022.

In 2020, Ireland exported services to Singapore worth $1.44B, with Other business services ($1.22B), Financial services ($137M), and Travel ($62.8M) being the largest in terms of value.

Comparison: In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $821M to Ireland. The main products exported from Singapore to Ireland were Machinery Having Individual Functions ($385M), Vaccines, blood, antisera, toxins and cultures ($71.2M), and Oxygen Amino Compounds ($39.6M). During the last 5 years the exports of Singapore to Ireland have increased at an annualized rate of 35.3%, from $181M in 2017 to $821M in 2022.

In 2017, Ireland exported $973M to Singapore. The main products exported from Ireland to Singapore were Packaged Medicaments ($142M), Vaccines, blood, antisera, toxins and cultures ($110M), and Chemical Analysis Instruments ($100M). During the last 5 years the exports of Ireland to Singapore have increased at an annualized rate of 1.22%, from $916M in 2022 to $973M in 2017.

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

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

Latest Data

Trade between Singapore (Flag) and Ireland (Flag)

Singapore Exports

Ireland Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$51.6B
Ireland
Top Destination
United States$70.7B

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

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

In 2022, countries that imported more from Ireland than Singapore included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

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

Comparative Advantage Singapore - Ireland

Flow
Scale

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

During 2022, Singapore had a large net trade with Ireland in the exports of Machines ($477M), Chemical Products ($195M), and Instruments ($69.6M).

During 2017, Ireland had a large net trade with Singapore in the exports of Chemical Products ($391M), Instruments ($247M), and Machines ($204M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Ireland+$44.2MRefined Petroleum
Top Product Potential Ireland Singapore+$34.6MVaccines, blood, antisera, toxins and cultures

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2020, Ireland exported services to Singapore worth $1.44B, with Other business services ($1.22B), Financial services ($137M), and Travel ($62.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Ireland (Flag) to Singapore (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Singapore (Flag) and Ireland (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