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Trade between Italy and Singapore

In 2024, Italy exported $4.7 billion to Singapore and imported $1.5 billion. Italy ran a surplus of $3.2 billion with Singapore, compared with a surplus of $3 billion in 2019. Singapore was Italy’s 43rd largest trading partner (0.5% of its trade), and Italy was Singapore’s 23rd (0.8%).

Summary

Italy → Singapore
$4.7billion
Singapore → Italy
$1.5billion
Italy’s balance
$3.2billion

Balance

Italy’s trade balance with Singapore

Trade between Italy and Singapore grew 2.6-fold since 1995

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

  • Exports 4.7
  • Imports 1.5
  • Balance +3.2

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$1.7 billion$668 million$1 billion
1996$2.2 billion$509 million$1.7 billion
1997$1.9 billion$499 million$1.4 billion
1998$1.1 billion$580 million$513 million
1999$1.2 billion$474 million$736 million
2000$1.7 billion$476 million$1.2 billion
2001$1.5 billion$403 million$1.1 billion
2002$1.4 billion$323 million$1.1 billion
2003$1.7 billion$372 million$1.3 billion
2004$2.2 billion$410 million$1.7 billion
2005$2 billion$431 million$1.6 billion
2006$2.3 billion$395 million$1.9 billion
2007$3 billion$516 million$2.5 billion
2008$3.3 billion$401 million$2.8 billion
2009$2.7 billion$267 million$2.5 billion
2010$2.6 billion$370 million$2.2 billion
2011$3.3 billion$471 million$2.8 billion
2012$3.3 billion$374 million$2.9 billion
2013$3.6 billion$376 million$3.2 billion
2014$3.8 billion$390 million$3.4 billion
2015$3.2 billion$332 million$2.8 billion
2016$3.2 billion$370 million$2.8 billion
2017$3.5 billion$490 million$3 billion
2018$3.8 billion$567 million$3.3 billion
2019$3.6 billion$548 million$3 billion
2020$3.5 billion$615 million$2.9 billion
2021$4.3 billion$697 million$3.6 billion
2022$4.4 billion$879 million$3.6 billion
2023$4.9 billion$846 million$4 billion
2024$4.7 billion$1.5 billion$3.2 billion

What they sell each other

What Italy sells to Singapore

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

  1. Microchips$743 million · 15.8%
    199 tonnes · Italy’s destinations
  2. Bags, suitcases and cases$346 million · 7.3%
    895 tonnes
  3. Turbojets and gas turbines$266 million · 5.6%
    4 thousand tonnes · Italy’s destinations
  4. Diodes, transistors and solar cells$201 million · 4.3%
    254 tonnes
  5. Valves and taps$151 million · 3.2%
    3 thousand tonnes
  6. Refined petroleum$145 million · 3.1%
    117 thousand tonnes · Italy’s destinations
  7. Air pumps, compressors and fans$138 million · 2.9%
    3 thousand tonnes
  8. Leather footwear$112 million · 2.4%
    2 thousand tonnes
  9. Perfumes$109 million · 2.3%
    2 thousand tonnes · Italy’s destinations
  10. Nitrogen heterocyclic compounds$106 million · 2.2%
    49 tonnes

What Singapore sells to Italy

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

  1. Dredgers and floating cranes$473 million · 31.6%
    35 thousand tonnes
  2. Platinum$159 million · 10.7%
    3 tonnes · Italy’s sources
  3. Microchips$136 million · 9.1%
    36 tonnes · Singapore’s destinations
  4. Cargo and cruise ships$82 million · 5.5%
    17 thousand tonnes · Singapore’s destinations
  5. Gold$58 million · 3.9%
    1 tonne · Singapore’s destinations
  6. Silicon wafers for electronics$56 million · 3.8%
    31 tonnes
  7. Turbojets and gas turbines$55 million · 3.7%
    32 tonnes · Singapore’s destinations
  8. Precious metal scrap$48 million · 3.2%
    21 tonnes
  9. Medicines in measured doses or retail packs$36 million · 2.4%
    17 tonnes · Singapore’s destinations
  10. Diodes, transistors and solar cells$35 million · 2.3%
    4 tonnes

How it travels

Estimated sea route from Genoa to Singapore.

The estimated sea route between Genoa and Singapore is 11,794 nautical miles (21,842 km) long: ≈ 27.5–35 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 (11,794 nautical miles); and 15% via the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (6,613 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$2.1 billion · 34%
  2. Air$4.1 billion · 66%

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

How much each matters to the other

Singapore was Italy’s 43rd largest trading partner (0.5% of its trade), and Italy was Singapore’s 23rd (0.8%).

Singapore in Italy’s trade
0.5%
Singapore’s rank among Italy’s partners
43rd
Italy in Singapore’s trade
0.8%
Italy’s rank among Singapore’s partners
23rd

Compare with

Other partners of Italy

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.