Singapore-Other Asia, nes Bilateral Trade Analysis 2023
Complete trade statistics: $51.46B total volume •Singapore deficit: $31.22B
Singapore → Other Asia, nes
$10.12B
Exports (2023)
Other Asia, nes → Singapore
$41.34B
Imports (2023)
Trade Balance
$31.22B
Deficit for Singapore
Total Trade
$51.46B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Singapore and Other Asia, nes. 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-Other Asia, nes commercial relationship and competitive positioning in global markets.
Singapore → Other Asia, nes Exports
Export Market Intelligence
🎯 Strategic Export Focus
Singapore's export portfolio to Other Asia, nes demonstrates strong diversification across multiple sectors, with electronic integrated circuits: n.e.c. in heading no. 8542 representing a key competitive advantage in this bilateral market.
Other Asia, nes → Singapore Imports
Import Dependency Profile
📦 Import Strategy Analysis
Singapore's import pattern from Other Asia, nes reveals significant dependencyin electronic integrated circuits: n.e.c. in heading no. 8542, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Singapore demonstrates competitive strength in exportingelectronic integrated circuits: n.e.c. in heading no. 8542 to Other Asia, nes, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $51.46B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Singapore-Other Asia, nes Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $51.46 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Singapore maintains a deficit of $31.22 billion
- Export Focus: Singapore's primary exports include electronic integrated circuits: n.e.c. in heading no. 8542, machines and apparatus of a kind used solely or principally for the manufacture of semiconductor devices or of electronic integrated circuits, electronic integrated circuits: memories
- Import Dependencies: Key imports from Other Asia, nes include electronic integrated circuits: n.e.c. in heading no. 8542, electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits, electronic integrated circuits: memories
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents one of the world's largest 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 $51.46B 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 electronic integrated circuits: n.e.c. in heading no. 8542.
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
Comparative Advantage
Singapore's specialization in electronic integrated circuits: n.e.c. in heading no. 8542complements Other Asia, nes's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in electronic integrated circuits: n.e.c. in heading no. 8542.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $51.46B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $51.46B 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 $51.46 billion bilateral trade volume represents a major economic driverfor both economies.
Industrial Integration
Trade flows in electronic integrated circuits: n.e.c. in heading no. 8542 and electronic integrated circuits: n.e.c. in heading no. 8542 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Singapore's trade deficit of $31.22 billion impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯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 Other Asia, nes represents a total trade volume of $51.46 billion in 2023. This partnership demonstrates an unfavorable trade balance for Singapore, with imports exceeding exportsby $31.22 billion.
Export Strengths
Singapore's exports to Other Asia, nes total $10.12 billion, with competitive advantages in electronic integrated circuits: n.e.c. in heading no. 8542, representing $2.64B or26.1% of bilateral exports.
Import Dependencies
Imports from Other Asia, nes amount to $41.34 billion, highlighting economic interdependence in electronic integrated circuits: n.e.c. in heading no. 8542, with Electronic integrated circuits: n.e.c. in heading no. 8542 comprising43.5% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Singapore's strategic sourcing from Other Asia, nes. 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 Other Asia, nes in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023