United Arab Emirates-Singapore Bilateral Trade Analysis 2023
Complete trade statistics: $14.65B total volume •United Arab Emirates surplus: $9.12B
United Arab Emirates → Singapore
$11.88B
Exports (2023)
Singapore → United Arab Emirates
$2.76B
Imports (2023)
Trade Balance
$9.12B
Surplus for United Arab Emirates
Total Trade
$14.65B
Combined Volume
Trade Flow Visualization
Direct trade relationship between United Arab Emirates and Singapore. Green line shows exports from United Arab Emirates, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the United Arab Emirates-Singapore commercial relationship and competitive positioning in global markets.
United Arab Emirates → Singapore Exports
Export Market Intelligence
🎯 Strategic Export Focus
United Arab Emirates's export portfolio to Singapore demonstrates strong diversification across multiple sectors, with oils: petroleum oils and oils obtained from bituminous minerals, crude representing a key competitive advantage in this bilateral market.
Singapore → United Arab Emirates Imports
Import Dependency Profile
📦 Import Strategy Analysis
United Arab Emirates's import pattern from Singapore reveals significant dependencyin jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
United Arab Emirates demonstrates competitive strength in exportingoils: petroleum oils and oils obtained from bituminous minerals, crude to Singapore, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $14.65B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: United Arab Emirates-Singapore Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $14.65 billionrepresenting a significant bilateral economic relationship
- Trade Balance: United Arab Emirates maintains a surplus of $9.12 billion
- Export Focus: United Arab Emirates's primary exports include oils: petroleum oils and oils obtained from bituminous minerals, crude, 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, metals: gold, semi-manufactured
- Import Dependencies: Key imports from Singapore include jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof, acids: carboxylic acids, (with aldehyde or ketone function but without other oxygen function), their anhydrides, halides, peroxides, peroxyacids and their derivatives, 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
Strategic Trade Indicators
📈 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 $14.65B 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 United Arab Emirates leveraging its comparative advantages in oils: petroleum oils and oils obtained from bituminous minerals, crude.
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
United Arab Emirates's specialization in oils: petroleum oils and oils obtained from bituminous minerals, crudecomplements Singapore's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $14.65B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $14.65B 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 $14.65 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in oils: petroleum oils and oils obtained from bituminous minerals, crude and jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
United Arab Emirates's trade surplus of $9.12 billion strengthens 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 United Arab Emirates and Singapore represents a total trade volume of $14.65 billion in 2023. This partnership demonstrates a favorable trade balance for United Arab Emirates, with exports exceeding importsby $9.12 billion.
Export Strengths
United Arab Emirates's exports to Singapore total $11.88 billion, with competitive advantages in oils: petroleum oils and oils obtained from bituminous minerals, crude, representing $6.99B or58.8% of bilateral exports.
Import Dependencies
Imports from Singapore amount to $2.76 billion, highlighting economic interdependence in jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof, with Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof comprising19.5% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates United Arab Emirates's competitive position in this bilateral relationship. 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 United Arab Emirates and Singapore in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023