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Trade between Russia and Singapore

In 2024, Russia exported $4.4 billion to Singapore and imported $120 million. Russia ran a surplus of $4.3 billion with Singapore, compared with a surplus of $2.9 billion in 2019. Singapore was Russia’s 21st largest trading partner (0.8% of its trade), and Russia was Singapore’s 25th (0.6%).

Summary

Russia → Singapore
$4.4billion
Singapore → Russia
$120million
Russia’s balance
$4.3billion

Balance

Russia’s trade balance with Singapore

Trade between Russia and Singapore grew 3.7-fold since 1995

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

  • Exports 4.4
  • Imports 0.1
  • Balance +4.3

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$312 million$893 million-$582 million
1996$388 million$412 million-$25 million
1997$215 million$297 million-$82 million
1998$77 million$170 million-$93 million
1999$227 million$56 million$171 million
2000$422 million$56 million$366 million
2001$655 million$120 million$534 million
2002$486 million$113 million$373 million
2003$254 million$133 million$120 million
2004$342 million$252 million$91 million
2005$443 million$368 million$75 million
2006$809 million$489 million$320 million
2007$981 million$518 million$464 million
2008$1.9 billion$553 million$1.3 billion
2009$2 billion$718 million$1.2 billion
2010$2.8 billion$455 million$2.4 billion
2011$2.7 billion$473 million$2.2 billion
2012$4.3 billion$474 million$3.8 billion
2013$3.9 billion$633 million$3.3 billion
2014$7.3 billion$678 million$6.6 billion
2015$4.3 billion$543 million$3.7 billion
2016$2.6 billion$616 million$2 billion
2017$4.6 billion$1.2 billion$3.5 billion
2018$4.5 billion$870 million$3.6 billion
2019$3.5 billion$589 million$2.9 billion
2020$1.3 billion$589 million$726 million
2021$2.9 billion$701 million$2.2 billion
2022$2.3 billion$167 million$2.1 billion
2023$3.5 billion$137 million$3.4 billion
2024$4.4 billion$120 million$4.3 billion

What they sell each other

What Russia sells to Singapore

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

  1. Refined petroleum$4 billion · 92.2%
    7.4 million tonnes · Russia’s destinations
  2. Coal tar oils$294 million · 6.7%
    651 thousand tonnes
  3. Isotopes and their compounds$15 million · 0.35%
  4. Gold$7 million · 0.16%
    Russia’s destinations
  5. Crustaceans (shrimp, lobster, crab)$4 million · 0.08%
    151 tonnes
  6. Instant coffee and tea extracts$3 million · 0.07%
    462 tonnes
  7. Sunflower, safflower and cottonseed oil$3 million · 0.07%
    2 thousand tonnes
  8. Electrical test instruments$3 million · 0.06%
    1 tonne
  9. Turbojets and gas turbines$2 million · 0.05%
    Singapore’s sources
  10. Aircraft parts$1 million · 0.03%
    8 tonnes

What Singapore sells to Russia

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

  1. Cocoa butter$16 million · 13.5%
    1 thousand tonnes
  2. Optical fibers and lenses$14 million · 11.9%
    70 tonnes
  3. Glands, heparin and organ extracts$12 million · 10.2%
  4. Engine parts$11 million · 9.3%
    77 tonnes
  5. Refined petroleum$9 million · 7.7%
    3 thousand tonnes · Singapore’s destinations
  6. Medical and dental instruments$8 million · 6.6%
    132 tonnes · Singapore’s destinations
  7. Transmission shafts, gears and gearboxes$7 million · 6.1%
    840 tonnes
  8. Other electrical devices$5 million · 3.9%
    46 tonnes
  9. Parts for cranes and excavators$4 million · 3.3%
    144 tonnes
  10. Auto parts$4 million · 3.2%
    285 tonnes · Russia’s sources

How it travels

Estimated sea route from Saint Petersburg to Singapore.

The estimated sea route between Saint Petersburg and Singapore is 13,300 nautical miles (24,631 km) long: ≈ 31–39.5 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Øresund, the Strait of Dover, the Cape of Good Hope and the Strait of Malacca and Singapore (13,300 nautical miles); and 15% via the Øresund, the Strait of Dover, the Strait of Gibraltar, the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (9,865 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$4.4 billion · 98%
  2. Air$89 million · 2%

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

How much each matters to the other

Singapore was Russia’s 21st largest trading partner (0.8% of its trade), and Russia was Singapore’s 25th (0.6%).

Singapore in Russia’s trade
0.8%
Singapore’s rank among Russia’s partners
21st
Russia in Singapore’s trade
0.6%
Russia’s rank among Singapore’s partners
25th

Compare with

Other partners of Russia

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.