Singapore
↔
France

Singapore-France Bilateral Trade Analysis 2023

Complete trade statistics: $13.83B total volume •Singapore deficit: $8.89B

Singapore → France

$2.47B

Exports (2023)

France → Singapore

$11.36B

Imports (2023)

Trade Balance

$8.89B

Deficit for Singapore

Total Trade

$13.83B

Combined Volume

Trade Flow Visualization

Direct trade relationship between Singapore and France. Green line shows exports from Singapore, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Singapore-France commercial relationship and competitive positioning in global markets.

Singapore → France Exports

$2.47B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
15.9% top product
1Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils
$391.77M
15.9% of exports
2Aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg
$309.42M
12.5% of exports
3Glands and other organs: heparin and its salts: other human or animal substances prepared for therapeutic or prophylactic uses, n.e.c. in heading 3001
$291.65M
11.8% of exports
4Machines and apparatus of a kind used solely or principally for the manufacture of semiconductor devices or of electronic integrated circuits
$280.41M
11.4% of exports
5Turbo-jets: of a thrust exceeding 25kN
$87.61M
3.5% of exports
6Navigational instruments and appliances: for aeronautical or space navigation (excluding compasses)
$85.33M
3.5% of exports
7Turbines: parts of turbo-jets and turbo-propellers
$79.02M
3.2% of exports
8Machines and apparatus of a kind used solely or principally for the manufacture or repair of masks and reticles, assembling semiconductor devices or electronic integrated circuits, or for lifting, handling, loading or unloading items of heading 8486
$53.52M
2.2% of exports
9Optical instruments and appliances: for inspecting semiconductor wafers or devices or for inspecting photomasks or reticles used in manufacturing semiconductor devices, n.e.c. in chapter 90
$50.34M
2.0% of exports
10Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
$47.48M
1.9% of exports

🎯 Strategic Export Focus

Singapore's export portfolio to France demonstrates strong diversification across multiple sectors, with petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils representing a key competitive advantage in this bilateral market.

France → Singapore Imports

$11.36B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
7.9% concentration
1Cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations)
$898.58M
7.9% of imports
2Spirits obtained by distilling grape wine or grape marc
$712.79M
6.3% of imports
3Aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg
$599.82M
5.3% of imports
4Glands and other organs: heparin and its salts: other human or animal substances prepared for therapeutic or prophylactic uses, n.e.c. in heading 3001
$546.12M
4.8% of imports
5Cases and containers: handbags (whether or not with shoulder strap and including those without handle), with outer surface of leather or of composition leather
$527.53M
4.6% of imports
6Perfumes and toilet waters
$511.84M
4.5% of imports
7Wine: sparkling
$446.56M
3.9% of imports
8Turbo-jets: of a thrust exceeding 25kN
$440.13M
3.9% of imports
9Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
$440.02M
3.9% of imports
10Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof
$426.85M
3.8% of imports

📦 Import Strategy Analysis

Singapore's import pattern from France reveals significant dependencyin cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations), highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Singapore demonstrates competitive strength in exportingpetroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils to France, leveraging comparative advantages.

Export Leader in 20+ Categories
🔄

Trade Complementarity

The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.

Specialized Exchange
📈

Growth Potential

The $13.83B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

Executive Summary: Singapore-France Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $13.83 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: Singapore maintains a deficit of $8.89 billion
  • Export Focus: Singapore's primary exports include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg, glands and other organs: heparin and its salts: other human or animal substances prepared for therapeutic or prophylactic uses, n.e.c. in heading 3001
  • Import Dependencies: Key imports from France include cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations), spirits obtained by distilling grape wine or grape marc, aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationDiversified
Trade Balance HealthImbalanced

📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.

Historical Trade Analysis & Economic Context

Trade Evolution Timeline

2019-2023: Recent Trends

Current trade volume of $13.83B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.

2015-2019: Growth Period

Sustained expansion in bilateral trade driven by complementary economic structures, with Singapore leveraging its comparative advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.

2010-2015: Foundation Building

Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.

Pre-2010: Early Development

Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.

Key Economic Drivers

1

Comparative Advantage

Singapore's specialization in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oilscomplements France's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations).

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $13.83B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyHigh
🔮

Trade Relationship Outlook

The $13.83B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.

Economic Impact & Strategic Outlook

Economic Impact Assessment

💰

Trade Volume Impact

The $13.83 billion bilateral trade volume represents a significant economic factorfor both economies.

Economic Significance: High
🏭

Industrial Integration

Trade flows in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils and cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations) demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

Singapore's trade deficit of $8.89 billion impacts its overall economic position in this bilateral relationship.

Balance Impact: Import Dependency

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg present expansion opportunities.
Market Diversification
Beyond current focus on cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations), new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
High trade imbalance may create supply chain risks
Market Competition
Global competition in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils may affect future market positioning.

🎯Strategic Recommendations

  • Strengthen cooperation in high-value sectors beyond current trade patterns
  • Develop alternative supply chains to reduce dependency risks
  • Explore joint ventures in emerging technology sectors
  • Enhance trade facilitation and reduce transaction costs

Market Position & Competitive Summary

The bilateral trade relationship between Singapore and France represents a total trade volume of $13.83 billion in 2023. This partnership demonstrates an unfavorable trade balance for Singapore, with imports exceeding exportsby $8.89 billion.

Export Strengths

Singapore's exports to France total $2.47 billion, with competitive advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, representing $391.77M or15.9% of bilateral exports.

Import Dependencies

Imports from France amount to $11.36 billion, highlighting economic interdependence in cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations), with Cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations) comprising7.9% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Singapore's strategic sourcing from France. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.

Download Bilateral Trade Data

Access detailed trade data between Singapore and France in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023