Turkey (TUR) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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Turkey-Singapore In 2022, Turkey exported $864M to Singapore. The main products that Turkey exported to Singapore are Refined Petroleum ($365M), Raw Iron Bars ($71M), and Tug Boats ($54.5M). During the last 27 years the exports of Turkey to Singapore have increased at an annualized rate of 5.95%, from $181M in 1995 to $864M in 2022.

In 2009, Turkey exported services to Singapore worth $0, with being the largest in terms of value.

Singapore-Turkey In 2022, Singapore exported $684M to Turkey. The main products that Singapore exported to Turkey were Gas Turbines ($89M), Unprocessed Artificial Staple Fibers ($75.2M), and Vaccines, blood, antisera, toxins and cultures ($62.9M). During the last 27 years the exports of Singapore to Turkey have increased at an annualized rate of 7.49%, from $97.3M in 1995 to $684M in 2022.

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

Comparison In 2022, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Turkey exported $864M to Singapore. The main products exported from Turkey to Singapore were Refined Petroleum ($365M), Raw Iron Bars ($71M), and Tug Boats ($54.5M). During the last 27 years the exports of Turkey to Singapore have increased at an annualized rate of 5.95%, from $181M in 1995 to $864M in 2022.

In 2022, Singapore exported $684M to Turkey. The main products exported from Singapore to Turkey were Gas Turbines ($89M), Unprocessed Artificial Staple Fibers ($75.2M), and Vaccines, blood, antisera, toxins and cultures ($62.9M). During the last 27 years the exports of Singapore to Turkey have increased at an annualized rate of 7.49%, from $97.3M in 1995 to $684M in 2022.

Exports from Turkey () to Singapore () (2022)

Exports from Singapore () to Turkey () (2022)

Latest Data

Trade between Turkey () and Singapore ()

Turkey Exports

Date

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$21.9B

Singapore
Top DestinationHong Kong$51.6B

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

In 2021, countries that imported more from Turkey than Singapore were Germany ($21.9B), Iraq ($13.7B), and Italy ($12.6B).

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

Difference in imports from Singapore () and Turkey () (2022)

Comparative Advantage Turkey - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Turkey had a large net trade with Singapore in the exports of Mineral Products ($369M), Metals ($182M), and Machines ($74.3M).

During 2022, Singapore had a large net trade with Turkey in the exports of Machines ($213M), Plastics and Rubbers ($138M), and Chemical Products ($135M).

Service Trade

Bilateral Service Trade

Tur Year

2009

2008

In 2009, Turkey exported services to Singapore worth $0, with being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Turkey () to Singapore () (2009)

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Turkey () to Singapore () (2022)

Exports from Singapore () to Turkey () (2022)

Latest Data

Trade between Turkey () and Singapore ()

Turkey Exports

Singapore Exports

Market Competitiveness

Difference in imports from Singapore () and Turkey () (2022)

Comparative Advantage Turkey - Singapore

Service Trade

Bilateral Service Trade

Services Exports from Turkey () to Singapore () (2009)

Economic Complexity

Competitive Landscape

Product Space of Turkey () and Singapore () (2022)

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