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Trade between Singapore and Vietnam

In 2024, Singapore exported $17 billion to Vietnam and imported $6.4 billion. Singapore ran a surplus of $10.7 billion with Vietnam, compared with a surplus of $1.8 billion in 2019. Vietnam was Singapore’s 9th largest trading partner (3% of its trade), and Singapore was Vietnam’s 6th (3%).

Summary

Singapore → Vietnam
$17billion
Vietnam → Singapore
$6.4billion
Singapore’s balance
$10.7billion

Balance

Singapore’s trade balance with Vietnam

Trade between Singapore and Vietnam grew 10.5-fold since 1995

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

  • Exports 17
  • Imports 6.4
  • Balance +10.7

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$1.8 billion$448 million$1.3 billion
1996$1.7 billion$435 million$1.3 billion
1997$1.7 billion$542 million$1.1 billion
1998$1.5 billion$422 million$1.1 billion
1999$1.5 billion$521 million$967 million
2000$2.9 billion$855 million$2.1 billion
2001$2.6 billion$872 million$1.7 billion
2002$2.8 billion$935 million$1.8 billion
2003$3 billion$1 billion$1.9 billion
2004$3.7 billion$1.4 billion$2.3 billion
2005$4.4 billion$1.7 billion$2.7 billion
2006$6.3 billion$1.6 billion$4.8 billion
2007$7.6 billion$2.1 billion$5.5 billion
2008$9.4 billion$2.5 billion$6.9 billion
2009$4.7 billion$2 billion$2.8 billion
2010$4.8 billion$1.8 billion$3 billion
2011$7.1 billion$1.9 billion$5.1 billion
2012$8.1 billion$2.2 billion$5.9 billion
2013$6.5 billion$3.2 billion$3.3 billion
2014$7.9 billion$3.2 billion$4.7 billion
2015$7.5 billion$3.5 billion$3.9 billion
2016$5.9 billion$3 billion$2.9 billion
2017$6.7 billion$3.4 billion$3.3 billion
2018$5.9 billion$3.6 billion$2.3 billion
2019$5.6 billion$3.8 billion$1.8 billion
2020$4.9 billion$4.1 billion$774 million
2021$5.9 billion$4.3 billion$1.5 billion
2022$6.3 billion$5.4 billion$915 million
2023$6.1 billion$5 billion$1.1 billion
2024$17 billion$6.4 billion$10.7 billion

What they sell each other

What Singapore sells to Vietnam

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

  1. Microchips$6.8 billion · 39.8%
    28 tonnes · Singapore’s destinations
  2. Refined petroleum$2.6 billion · 15.3%
    3.3 million tonnes · Singapore’s destinations
  3. Polyethylene$486 million · 2.9%
    447 thousand tonnes · Singapore’s destinations
  4. Fragrance mixtures$403 million · 2.4%
    17 thousand tonnes
  5. Phones and telecom equipment$364 million · 2.1%
  6. Computer and office machine parts$348 million · 2%
    4 thousand tonnes
  7. Other food preparations$322 million · 1.9%
    13 thousand tonnes
  8. Spirits$255 million · 1.5%
    4 thousand tonnes
  9. Cigarettes and cigars$202 million · 1.2%
    9 thousand tonnes
  10. Diodes, transistors and solar cells$189 million · 1.1%
    423 tonnes

What Vietnam sells to Singapore

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

  1. Cameras and broadcast equipment$755 million · 11.8%
    2 thousand tonnes
  2. Computer and office machine parts$736 million · 11.5%
    6 thousand tonnes
  3. Other glass articles$614 million · 9.6%
    2 thousand tonnes
  4. Microchips$501 million · 7.8%
    48 tonnes · Vietnam’s destinations
  5. Computers$353 million · 5.5%
    1 thousand tonnes · Vietnam’s destinations
  6. Microphones and speakers$224 million · 3.5%
    2 thousand tonnes
  7. Refined petroleum$199 million · 3.1%
    323 thousand tonnes · Singapore’s sources
  8. Discs and storage media$185 million · 2.9%
    301 tonnes
  9. Control panels$155 million · 2.4%
    1 thousand tonnes
  10. Transformers and power supplies$113 million · 1.8%
    3 thousand tonnes

How it travels

Estimated sea route from Singapore to Phu My.

The estimated sea route between Singapore and Phu My is 638 nautical miles (1,182 km) long: ≈ 1.5–2 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

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$16.8 billion · 71.9%
  2. Air$6.6 billion · 28.1%

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

How much each matters to the other

Vietnam was Singapore’s 9th largest trading partner (3% of its trade), and Singapore was Vietnam’s 6th (3%).

Vietnam in Singapore’s trade
3%
Vietnam’s rank among Singapore’s partners
9th
Singapore in Vietnam’s trade
2.7%
Singapore’s rank among Vietnam’s partners
6th

Compare with

Other partners of Singapore

Other partners of Vietnam

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.