2022
Flag  
GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
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2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
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2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Singapore-Norway In 2022, Singapore exported $1.18B to Norway. The main products that Singapore exported to Norway are Special Purpose Ships ($634M), Passenger and Cargo Ships ($133M), and Iron Structures ($133M). During the last 27 years the exports of Singapore to Norway have increased at an annualized rate of 8.21%, from $140M in 1995 to $1.18B in 2022.

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

Norway-Singapore In 2022, Norway exported $494M to Singapore. The main products that Norway exported to Singapore were Passenger and Cargo Ships ($108M), Non-fillet Fresh Fish ($75.9M), and Refined Petroleum ($26.4M). During the last 27 years the exports of Norway to Singapore have increased at an annualized rate of 0.18%, from $470M in 1995 to $494M in 2022.

In 2022, Norway 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, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $1.18B to Norway. The main products exported from Singapore to Norway were Special Purpose Ships ($634M), Passenger and Cargo Ships ($133M), and Iron Structures ($133M). During the last 27 years the exports of Singapore to Norway have increased at an annualized rate of 8.21%, from $140M in 1995 to $1.18B in 2022.

In 2022, Norway exported $494M to Singapore. The main products exported from Norway to Singapore were Passenger and Cargo Ships ($108M), Non-fillet Fresh Fish ($75.9M), and Refined Petroleum ($26.4M). During the last 27 years the exports of Norway to Singapore have increased at an annualized rate of 0.18%, from $470M in 1995 to $494M in 2022.

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

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

Latest Data

Trade between Singapore (Flag) and Norway (Flag)

Singapore Exports

Norway Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$51.6B
Norway
Top Destination
Germany$78.1B

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

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

In 2021, countries that imported more from Norway than Singapore were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage Singapore - Norway

Flow
Scale

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

During 2022, Singapore had a large net trade with Norway in the exports of Transportation ($768M), Metals ($172M), and Machines ($125M).

During 2022, Norway had a large net trade with Singapore in the exports of Machines ($142M), Transportation ($110M), and Animal Products ($98.9M).

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 Norway. Similarly, the more yellow a dot/product is, the more Norway has comparative advantage over Singapore.

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

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