2022
Flag  
GDP
$467BCURRENT US$
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2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
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2022
Flag
 GDP
$389BCURRENT US$
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2012-2022
Flag
GDP GROWTH
-39.7%CURRENT US$
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2022
Flag
GDP PC 
$82,808CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
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2022
Flag
GDP PC
$4,388CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
-47.3%CURRENT US$
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About

Singapore-Iran In 2022, Singapore exported $10.4M to Iran. The main products that Singapore exported to Iran are Rubber Tires ($1.49M), Batteries ($1.42M), and Video Displays ($1.01M). During the last 27 years the exports of Singapore to Iran have decreased at an annualized rate of 8.66%, from $119M in 1995 to $10.4M in 2022.

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

Iran-Singapore 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). During the last 27 years the exports of Iran to Singapore have decreased at an annualized rate of 16.6%, from $418M in 1995 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 27 years the exports of Singapore to Iran have decreased at an annualized rate of 8.66%, from $119M in 1995 to $10.4M in 2022.

In 2022, 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 27 years the exports of Iran to Singapore have decreased at an annualized rate of 16.6%, from $418M in 1995 to $3.15M in 2022.

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

In 2021, countries that imported more from Iran than Singapore were 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 2022, Iran had a large net trade with Singapore in the exports of Vegetable Products ($1.54M), Chemical Products ($796k), and Textiles ($647k).

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

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

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