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Trade between Israel and Singapore

In 2024, Israel exported $710 million to Singapore and imported $1.6 billion. Israel ran a deficit of $879 million with Singapore, compared with a deficit of $34 million in 2019. Singapore was Israel’s 19th largest trading partner (1% of its trade), and Israel was Singapore’s 34th (0.3%).

Summary

Israel → Singapore
$710million
Singapore → Israel
$1.6billion
Israel’s balance
-$879million

Balance

Israel’s trade balance with Singapore

Trade between Israel and Singapore grew 4.2-fold since 1995

USD billions (current). Israel’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 0.7
  • Imports 1.6
  • Balance -0.9

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$248 million$296 million-$48 million
1996$285 million$277 million$8 million
1997$384 million$212 million$172 million
1998$295 million$300 million-$5 million
1999$384 million$213 million$171 million
2000$407 million$243 million$164 million
2001$417 million$229 million$188 million
2002$307 million$215 million$92 million
2003$372 million$208 million$165 million
2004$425 million$252 million$174 million
2005$403 million$423 million-$20 million
2006$490 million$443 million$47 million
2007$544 million$562 million-$18 million
2008$751 million$683 million$67 million
2009$571 million$480 million$91 million
2010$670 million$712 million-$42 million
2011$648 million$806 million-$158 million
2012$767 million$795 million-$28 million
2013$1.1 billion$806 million$269 million
2014$930 million$909 million$21 million
2015$747 million$796 million-$49 million
2016$661 million$1.5 billion-$851 million
2017$620 million$1.7 billion-$1.1 billion
2018$641 million$723 million-$82 million
2019$588 million$622 million-$34 million
2020$605 million$1.1 billion-$498 million
2021$769 million$1.8 billion-$1 billion
2022$1 billion$2.2 billion-$1.2 billion
2023$718 million$578 million$140 million
2024$710 million$1.6 billion-$879 million

What they sell each other

What Israel sells to Singapore

The top 10 headings in 2024, with their share of the total.

  1. Other measuring instruments$75 million · 10.6%
    57 tonnes
  2. Cameras and broadcast equipment$70 million · 9.9%
    157 tonnes
  3. Printers and printing machines$37 million · 5.2%
    457 tonnes
  4. Diamonds$37 million · 5.2%
    Israel’s destinations
  5. Aircraft parts$29 million · 4.1%
    1 tonne
  6. Control panels$29 million · 4.1%
    85 tonnes
  7. Physical and chemical analysis instruments$29 million · 4%
    51 tonnes
  8. Microchips$29 million · 4%
    1 tonne · Israel’s destinations
  9. Other electrical devices$25 million · 3.5%
    265 tonnes
  10. Technical textile articles$17 million · 2.5%
    551 tonnes

What Singapore sells to Israel

The top 10 headings in 2024, with their share of the total.

  1. Refined petroleum$276 million · 17.4%
    129 thousand tonnes · Singapore’s destinations
  2. Cargo and cruise ships$188 million · 11.8%
    Singapore’s destinations
  3. Air conditioners$80 million · 5%
    472 tonnes
  4. Other industrial machines$76 million · 4.8%
    263 tonnes
  5. Cocoa butter$63 million · 3.9%
    5 thousand tonnes
  6. Computers$56 million · 3.5%
    122 tonnes · Singapore’s destinations
  7. Microchips$53 million · 3.4%
    8 tonnes · Singapore’s destinations
  8. Coated flat steel$33 million · 2.1%
    33 thousand tonnes
  9. Electrical test instruments$32 million · 2%
    31 tonnes
  10. Starch, sugar and brewing residues$28 million · 1.8%
    104 thousand tonnes

How it travels

Estimated sea route from Haifa to Singapore.

The estimated sea route between Haifa and Singapore is 12,966 nautical miles (24,014 km) long: ≈ 30–38.5 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Gibraltar, the Cape of Good Hope and the Strait of Malacca and Singapore (12,966 nautical miles); and 15% via the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (5,352 nautical miles).

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$1.2 billion · 51.4%
  2. Air$1.1 billion · 48.6%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Singapore was Israel’s 19th largest trading partner (1% of its trade), and Israel was Singapore’s 34th (0.3%).

Singapore in Israel’s trade
1.5%
Singapore’s rank among Israel’s partners
19th
Israel in Singapore’s trade
0.3%
Israel’s rank among Singapore’s partners
34th

Compare with

Other partners of Israel

Other partners of Singapore

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.