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2022
Flag → Flag
Exports $2.53BRnk 23 / 215
2022
Flag → Flag
Top Product $367MGas Turbines
2022
Flag → Flag
Exports $7.71BRnk 14 / 224
2022
Flag → Flag
Top Product $2.87BGas Turbines
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Singapore-United Kingdom Trade: In 2022, Singapore exported $2.53B to United Kingdom. The main products that Singapore exported to United Kingdom were Gas Turbines ($367M), Nitrogen Heterocyclic Compounds ($232M), and Refined Petroleum ($186M). Over the past 5 years the exports of Singapore to United Kingdom have decreased at an annualized rate of 2.17%, from $2.82B in 2017 to $2.53B in 2022.

In 2022, Singapore did not export any services to United Kingdom.

United Kingdom-Singapore Trade: In 2022, United Kingdom exported $7.71B to Singapore. The main products that United Kingdom exported to Singapore were Gas Turbines ($2.87B), Gold ($1.34B), and Hard Liquor ($461M). Over the past 5 years the exports of United Kingdom to Singapore have increased at an annualized rate of 4.82%,  from $6.09B in 2017 to $7.71B in 2022.

In 2019, United Kingdom exported services to Singapore worth $4.29B, with Other business services ($2.59B), Transportation ($500M), and Travel ($468M) 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $2.53B to United Kingdom. The main products exported from Singapore to United Kingdom were Gas Turbines ($367M), Nitrogen Heterocyclic Compounds ($232M), and Refined Petroleum ($186M). During the last 5 years the exports of Singapore to United Kingdom have decreased at an annualized rate of 2.17%, from $2.82B in 2017 to $2.53B in 2022.

In 2017, United Kingdom exported $7.71B to Singapore. The main products exported from United Kingdom to Singapore were Gas Turbines ($2.87B), Gold ($1.34B), and Hard Liquor ($461M). During the last 5 years the exports of United Kingdom to Singapore have increased at an annualized rate of 4.82%, from $6.09B in 2022 to $7.71B in 2017.

Exports from Singapore (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Singapore (Flag) (2022)

Latest Data

Trade between Singapore (Flag) and United Kingdom (Flag)

Singapore Exports

United Kingdom Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$51.6B
United Kingdom
Top DestinationUnited States$61.8B

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

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

In 2022, countries that imported more from United Kingdom than Singapore included Netherlands ($41.9B), Germany ($40.6B), and United States ($61.8B).

Difference in imports from United Kingdom (Flag) and Singapore (Flag) (2022)

Comparative Advantage Singapore - United Kingdom

Flow
Scale

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

During 2022, Singapore had a large net trade with United Kingdom in the exports of Machines ($831M), Chemical Products ($698M), and Instruments ($347M).

During 2017, United Kingdom had a large net trade with Singapore in the exports of Machines ($3.93B), Precious Metals ($1.4B), and Foodstuffs ($602M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore United Kingdom+$201MRefined Petroleum
Top Product Potential United Kingdom Singapore+$77.6MRefined 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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Bilateral Service Trade

In 2019, United Kingdom exported services to Singapore worth $4.29B, with Other business services ($2.59B), Transportation ($500M), and Travel ($468M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom (Flag) to Singapore (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Singapore (Flag) and United Kingdom (Flag) (2022)

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