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2022
Flag → Flag
Exports $359MRnk 55 / 215
2022
Flag → Flag
Top Product $171MIntegrated Circuits
2022
Flag → Flag
Exports $259MRnk 37 / 208
2022
Flag → Flag
Top Product $63.4MKnitting Machine Accessories
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 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$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186

About

Singapore-Portugal Trade: In 2022, Singapore exported $359M to Portugal. The main products that Singapore exported to Portugal were Integrated Circuits ($171M), Gas Turbines ($124M), and Packaged Medicaments ($25.5M). Over the past 5 years the exports of Singapore to Portugal have decreased at an annualized rate of 2.31%, from $403M in 2017 to $359M in 2022.

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

Portugal-Singapore Trade: In 2022, Portugal exported $259M to Singapore. The main products that Portugal exported to Singapore were Knitting Machine Accessories ($63.4M), Integrated Circuits ($56.8M), and Refined Petroleum ($30.8M). Over the past 5 years the exports of Portugal to Singapore have decreased at an annualized rate of 8.88%,  from $412M in 2017 to $259M in 2022.

In 2003, Portugal exported services to Singapore worth $6.26M, with Services not allocated ($6.26M) 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $359M to Portugal. The main products exported from Singapore to Portugal were Integrated Circuits ($171M), Gas Turbines ($124M), and Packaged Medicaments ($25.5M). During the last 5 years the exports of Singapore to Portugal have decreased at an annualized rate of 2.31%, from $403M in 2017 to $359M in 2022.

In 2017, Portugal exported $259M to Singapore. The main products exported from Portugal to Singapore were Knitting Machine Accessories ($63.4M), Integrated Circuits ($56.8M), and Refined Petroleum ($30.8M). During the last 5 years the exports of Portugal to Singapore have decreased at an annualized rate of 8.88%, from $412M in 2022 to $259M in 2017.

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

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

Latest Data

Trade between Singapore (Flag) and Portugal (Flag)

Singapore Exports

Portugal Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$51.6B
Portugal
Top DestinationSpain$20.5B

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

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

In 2022, countries that imported more from Portugal than Singapore included Spain ($20.5B), France ($9.49B), and Italy ($3.61B).

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

Comparative Advantage Singapore - Portugal

Flow
Scale

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

During 2022, Singapore had a large net trade with Portugal in the exports of Machines ($312M), Chemical Products ($26.9M), and Plastics and Rubbers ($9.06M).

During 2017, Portugal had a large net trade with Singapore in the exports of Machines ($184M), Mineral Products ($31.4M), and Chemical Products ($16M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Portugal+$52.3MIntegrated Circuits
Top Product Potential Portugal Singapore+$26.4MRefined 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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Economic Complexity

Competitive Landscape

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

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

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