2022
Flag  
GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
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GDP GROWTH
58.2%CURRENT US$
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2022
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 GDP
$3.39TCURRENT US$
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2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
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GDP PC 
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
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GDP PC GROWTH
49.1%CURRENT US$
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2022
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GDP PC
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
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GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186

About

Singapore-India In 2022, Singapore exported $20.4B to India. The main products that Singapore exported to India are Coal Briquettes ($2.94B), Integrated Circuits ($1.56B), and Refined Petroleum ($895M). During the last 27 years the exports of Singapore to India have increased at an annualized rate of 10.8%, from $1.29B in 1995 to $20.4B in 2022.

In 2015, Singapore exported services to India worth $2.46B, with Transportation ($1.53B), Other business services ($658M), and Insurance services ($122M) being the largest in terms of value.

India-Singapore In 2022, India exported $10.8B to Singapore. The main products that India exported to Singapore were Refined Petroleum ($4.69B), Jewellery ($709M), and Passenger and Cargo Ships ($409M). During the last 27 years the exports of India to Singapore have increased at an annualized rate of 9.18%, from $1B in 1995 to $10.8B in 2022.

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

Comparison In 2022,  Singapore ranked 5 in the Economic Complexity Index (ECI 1.53), and 21 in total exports ($379B). That same year, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $20.4B to India. The main products exported from Singapore to India were Coal Briquettes ($2.94B), Integrated Circuits ($1.56B), and Refined Petroleum ($895M). During the last 27 years the exports of Singapore to India have increased at an annualized rate of 10.8%, from $1.29B in 1995 to $20.4B in 2022.

In 2022, India exported $10.8B to Singapore. The main products exported from India to Singapore were Refined Petroleum ($4.69B), Jewellery ($709M), and Passenger and Cargo Ships ($409M). During the last 27 years the exports of India to Singapore have increased at an annualized rate of 9.18%, from $1B in 1995 to $10.8B in 2022.

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

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

Latest Data

Trade between Singapore (Flag) and India (Flag)

Singapore Exports

India Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$51.6B
India
Top Destination
United States$82.9B

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

In 2021, countries that imported more from Singapore than India were Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2021, countries that imported more from India than Singapore were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage Singapore - India

Flow
Scale

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

During 2022, Singapore had a large net trade with India in the exports of Machines ($6.69B), Mineral Products ($4.75B), and Chemical Products ($2.32B).

During 2022, India had a large net trade with Singapore in the exports of Mineral Products ($4.87B), Machines ($1.41B), and Precious Metals ($1.16B).

Service Trade

Bilateral Service Trade

In 2015, Singapore exported services to India worth $2.46B, with Transportation ($1.53B), Other business services ($658M), and Insurance services ($122M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Singapore (Flag) to India (Flag) (2015)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Singapore has comparative advantage over India. Similarly, the more yellow a dot/product is, the more India has comparative advantage over Singapore.

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

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