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2022
Flag → Flag
Exports $1.77BRnk 23 / 215
2022
Flag → Flag
Top Product $487MGas Turbines
2022
Flag → Flag
Exports $1.12BRnk 30 / 215
2022
Flag → Flag
Top Product $91.8MVaccines, blood, antisera, toxins and cultures
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Canada-Singapore Trade: In 2022, Canada exported $1.77B to Singapore. The main products that Canada exported to Singapore were Gas Turbines ($487M), Gold ($372M), and Integrated Circuits ($111M). Over the past 5 years the exports of Canada to Singapore have increased at an annualized rate of 8.54%, from $1.17B in 2017 to $1.77B in 2022.

In 2020, Canada exported services to Singapore worth $446M, with Transportation ($195M), Financial services ($139M), and Computer and information services ($53.7M) being the largest in terms of value.

Singapore-Canada Trade: In 2022, Singapore exported $1.12B to Canada. The main products that Singapore exported to Canada were Vaccines, blood, antisera, toxins and cultures ($91.8M), Other Heating Machinery ($88.7M), and Integrated Circuits ($71M). Over the past 5 years the exports of Singapore to Canada have increased at an annualized rate of 5.98%,  from $841M in 2017 to $1.12B in 2022.

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

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$81.9M and imported C$123M from Singapore, resulting in a negative trade balance of C$41.3M. Between August 2023 and August 2024 the exports of Canada have decreased by C$-21.6M (-20.9%) from C$103M to C$81.9M, while imports increased by C$9.34M (8.21%) from C$114M to C$123M.

Trade In August 2024, the top exports of Canada to Singapore were Gas Turbines (C$17.9M), Integrated Circuits (C$15M), Ethylene Polymers (C$13.7M), Steam Boilers (C$12.6M), and Inedible Fats and Oils (C$8.71M). In August 2024 the top imports of Canada from Singapore were Packaged Medicaments (C$7.93M), Chemical Analysis Instruments (C$6.49M), Vaccines, blood, antisera, toxins and cultures (C$5.51M), Blank Audio Media (C$5.18M), and Medical Instruments (C$5.17M).

Origins In August 2024 the exports of Canada were mainly from Ontario (C$32.3M), Quebec (C$28.2M), Alberta (C$13M), British Columbia (C$5.55M), and Nova Scotia (C$1.01M), while imports destinations were mainly Ontario (C$59.3M), Quebec (C$31.9M), British Columbia (C$21.4M), Alberta (C$7.2M), and Manitoba (C$2.15M).

Growth In August 2024, the decrease in Canada's year-by-year exports to Singapore was explained primarily by an decrease in product exports in Gas Turbines (C$-5.96M or -25%), Inedible Fats and Oils (C$-5.55M or -38.9%), and Computers (C$-2.56M or -80.1%). In August 2024, the increase in Canada's year-by-year imports  from Singapore was explained primarily by an increase in product imports  in Packaged Medicaments (C$5.25M or 196%), Medical Instruments (C$3.16M or 157%), and Electric Motor Parts (C$1.72M or 457%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$-21.6M(-20.9%)
IMPORT GROWTH (August 2023 - August 2024)C$9.34M(8.21%)
MAIN EXPORTER (August 2024)OntarioC$32.3M

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

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

For full datasets download visit Bulk Download page.

Explore Singapore and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $1.77B to Singapore. The main products exported from Canada to Singapore were Gas Turbines ($487M), Gold ($372M), and Integrated Circuits ($111M). During the last 5 years the exports of Canada to Singapore have increased at an annualized rate of 8.54%, from $1.17B in 2017 to $1.77B in 2022.

In 2017, Singapore exported $1.12B to Canada. The main products exported from Singapore to Canada were Vaccines, blood, antisera, toxins and cultures ($91.8M), Other Heating Machinery ($88.7M), and Integrated Circuits ($71M). During the last 5 years the exports of Singapore to Canada have increased at an annualized rate of 5.98%, from $841M in 2022 to $1.12B in 2017.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from Canada than Singapore included United States ($438B), United Kingdom ($12.9B), and Mexico ($7.39B).

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

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

Comparative Advantage Canada - Singapore

Flow
Scale

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

During 2022, Canada had a large net trade with Singapore in the exports of Machines ($842M), Precious Metals ($400M), and Chemical Products ($80.1M).

During 2017, Singapore had a large net trade with Canada in the exports of Machines ($531M), Chemical Products ($208M), and Instruments ($173M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Singapore+$95.8MGold
Top Product Potential Singapore Canada+$51.4MIntegrated 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 Canada and Singapore. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Canada.

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

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