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Pricing

2022
Flag → Flag
Exports $10.4MRnk 139 / 215
2022
Flag → Flag
Top Product $1.49MRubber Tires
2022
Flag → Flag
Exports $3.15MRnk 64 / 127
2022
Flag → Flag
Top Product $685kOther Nuts
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 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$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

Singapore-Iran Trade: In 2022, Singapore exported $10.4M to Iran. The main products that Singapore exported to Iran were Rubber Tires ($1.49M), Batteries ($1.42M), and Video Displays ($1.01M). Over the past 5 years the exports of Singapore to Iran have decreased at an annualized rate of 58.4%, from $832M in 2017 to $10.4M in 2022.

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

Iran-Singapore Trade: In 2022, Iran exported $3.15M to Singapore. The main products that Iran exported to Singapore were Other Nuts ($685k), Knotted Carpets ($475k), and Tropical Fruits ($460k). Over the past 5 years the exports of Iran to Singapore have decreased at an annualized rate of 64.2%,  from $537M in 2017 to $3.15M in 2022.

In 2022, Iran 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, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $10.4M to Iran. The main products exported from Singapore to Iran were Rubber Tires ($1.49M), Batteries ($1.42M), and Video Displays ($1.01M). During the last 5 years the exports of Singapore to Iran have decreased at an annualized rate of 58.4%, from $832M in 2017 to $10.4M in 2022.

In 2017, Iran exported $3.15M to Singapore. The main products exported from Iran to Singapore were Other Nuts ($685k), Knotted Carpets ($475k), and Tropical Fruits ($460k). During the last 5 years the exports of Iran to Singapore have decreased at an annualized rate of 64.2%, from $537M in 2022 to $3.15M in 2017.

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

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

Latest Data

Trade between Singapore (Flag) and Iran (Flag)

Singapore Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$51.6B
Iran
Top DestinationChina$5.72B

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

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

In 2022, countries that imported more from Iran than Singapore included Turkey ($3.17B), Kuwait ($960M), and Armenia ($557M).

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

Comparative Advantage Singapore - Iran

Flow
Scale

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

During 2022, Singapore had a large net trade with Iran in the exports of Machines ($4.16M), Plastics and Rubbers ($1.5M), and Chemical Products ($1.45M).

During 2017, Iran had a large net trade with Singapore in the exports of Vegetable Products ($1.54M), Chemical Products ($796k), and Textiles ($647k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Iran+$2.28MPackaged Medicaments
Top Product Potential Iran Singapore+$713kOther Nuts

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

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

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