2022
Flag  
GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC 
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 186

About

Singapore-Germany In 2022, Singapore exported $7.03B to Germany. The main products that Singapore exported to Germany are Nitrogen Heterocyclic Compounds ($2.72B), Integrated Circuits ($383M), and Oxygen Amino Compounds ($364M). During the last 27 years the exports of Singapore to Germany have increased at an annualized rate of 2.91%, from $3.24B in 1995 to $7.03B in 2022.

In 2015, Singapore exported services to Germany worth $1.48B, with Other business services ($775M), Transportation ($634M), and Insurance services ($32.9M) being the largest in terms of value.

Germany-Singapore In 2022, Germany exported $8.13B to Singapore. The main products that Germany exported to Singapore were Integrated Circuits ($682M), Passenger and Cargo Ships ($360M), and Motor vehicles; parts and accessories (8701 to 8705) ($311M). During the last 27 years the exports of Germany to Singapore have increased at an annualized rate of 3.05%, from $3.61B in 1995 to $8.13B in 2022.

In 2020, Germany exported services to Singapore worth $3.69B, with Transportation ($2B), Other business services ($921M), and Computer and information services ($373M) 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $7.03B to Germany. The main products exported from Singapore to Germany were Nitrogen Heterocyclic Compounds ($2.72B), Integrated Circuits ($383M), and Oxygen Amino Compounds ($364M). During the last 27 years the exports of Singapore to Germany have increased at an annualized rate of 2.91%, from $3.24B in 1995 to $7.03B in 2022.

In 2022, Germany exported $8.13B to Singapore. The main products exported from Germany to Singapore were Integrated Circuits ($682M), Passenger and Cargo Ships ($360M), and Motor vehicles; parts and accessories (8701 to 8705) ($311M). During the last 27 years the exports of Germany to Singapore have increased at an annualized rate of 3.05%, from $3.61B in 1995 to $8.13B in 2022.

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

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

Latest Data

Trade between Singapore (Flag) and Germany (Flag)

Singapore Exports

Germany Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$51.6B
Germany
Top Destination
United States$153B

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

In 2021, countries that imported more from Singapore than Germany were Hong Kong ($51.6B), Malaysia ($35.9B), and Indonesia ($22.5B).

In 2021, countries that imported more from Germany than Singapore were United States ($153B), France ($120B), and Netherlands ($109B).

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

Comparative Advantage Singapore - Germany

Flow
Scale

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

During 2022, Singapore had a large net trade with Germany in the exports of Chemical Products ($3.88B), Machines ($1.73B), and Instruments ($863M).

During 2022, Germany had a large net trade with Singapore in the exports of Machines ($3.7B), Transportation ($1.29B), and Chemical Products ($1.03B).

Service Trade

Bilateral Service Trade

In 2015, Singapore exported services to Germany worth $1.48B, with Other business services ($775M), Transportation ($634M), and Insurance services ($32.9M) being the largest in terms of value.

In 2020, Germany exported services to Singapore worth $3.69B, with Transportation ($2B), Other business services ($921M), and Computer and information services ($373M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Germany (Flag) to Singapore (Flag) (2020)

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

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

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with