Singapore (SGP) and Saudi Arabia (SAU) Trade | The Observatory of Economic Complexity

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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.

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.

Comparison: In 2022, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 2017 to $984M in 2022.

In 2017, 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 2022 to $8.06B in 2017.

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

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

Latest Data

Trade between Singapore () and Saudi Arabia ()

Singapore Exports

Date

Saudi Arabia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Saudi Arabia
Top DestinationChina$68B

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

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

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

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

Comparative Advantage Singapore - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with Saudi Arabia in the exports of Machines ($440M), Mineral Products ($173M), and Plastics and Rubbers ($83.4M).

During 2017, 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).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Singapore () and Saudi Arabia ()

Singapore Exports

Saudi Arabia Exports

Market Competitiveness

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

Comparative Advantage Singapore - Saudi Arabia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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