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SGPLow

Singapore

Asia-Pacific|Southeast Asia
Overall risk score
10/100
Trade volume (CAD)
$5.5B
Risk tier
Low
Trade relationship
CPTPP partner and regional financial hub
RISK FACTOR BREAKDOWN
Political risk8

Exceptionally stable one-party dominant state with strong governance institutions, rule of law, and low corruption. Leadership transition to the fourth-generation team has been orderly. Civil liberties are constrained but regulatory predictability is among the highest globally.

Economic risk10

High-income, trade-dependent city-state with world-class infrastructure. Economy is diversified across finance, technology, biomedical, and logistics sectors. Small domestic market limits scale but regional hub status amplifies reach.

Regulatory risk10

Transparent, business-friendly regulatory environment consistently ranked among the best globally. Strong intellectual-property protection and rule of law. Regulatory framework is proactively adapted to emerging sectors (fintech, digital assets).

Supply chain risk12

Global logistics and transshipment hub. Port of Singapore is among the world's busiest. Minimal natural-disaster exposure. Supply-chain risk is primarily pass-through from regional disruptions.

Currency risk10

Singapore dollar is managed by MAS through a managed-float band system. Currency is stable and liquid. Singapore's role as a financial center ensures deep hedging markets.

TRADE AGREEMENTS
  • CPTPP
TARIFF EXPOSURE

Very Low — Singapore applies near-zero tariffs on virtually all imports. CPTPP provides additional framework benefits including services and investment provisions. Singapore functions primarily as a re-export hub for the region.

STRATEGIC CONSIDERATIONS

Singapore serves as Canada's gateway to Southeast Asia and a platform for regional operations. Its role as a financial, legal, and logistics hub makes it an essential partner despite modest bilateral trade volumes. Canadian firms frequently use Singapore as a regional headquarters for ASEAN engagement.

SECTOR VULNERABILITIES

Key sectors exposed to risk in the Singapore trade corridor

  1. 1

    Financial services

  2. 2

    Technology

  3. 3

    Logistics

TRADE FLOWS
Key exports to Canada
  • Refined petroleum
  • Machinery
  • Electrical equipment
  • Pharmaceuticals
Key imports from Canada
  • Machinery
  • Aircraft
  • Optical instruments
  • Mineral products
KEY INDUSTRIES

Canadian industries connected to Singapore trade flows

ManufacturingHigh

Industrial Machinery & Equipment

52/100$9.2B
OTHER COUNTRIES IN ASIA-PACIFIC
CHNHigh

China

65/100$115B
JPNLow

Japan

18/100$32B
KORLow

South Korea

22/100$18B
INDModerate

India

45/100$14B
TWNModerate

Taiwan

35/100$11B
VNMModerate

Vietnam

42/100$12B

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