Australia / Singapore

Australia-Singapore Trade: In 2022, Australia exported $4.33B to Singapore. The main products that Australia exported to Singapore were Gold ($2.06B), Petroleum Gas ($1.81B), and Crude Petroleum ($1.52B). Over the past 5 years the exports of Australia to Singapore have increased at an annualized rate of 10.6%, from $2.61B in 2017 to $4.33B in 2022.

In 2009, Australia exported services to Singapore worth $2.38B, with Other business services ($781M), Travel ($695M), and Transportation ($575M) being the largest in terms of value.

Singapore-Australia Trade: In 2022, Singapore exported $7.66B to Australia. The main products that Singapore exported to Australia were Refined Petroleum ($10.4B), Other Edible Preparations ($419M), and Computers ($402M). Over the past 5 years the exports of Singapore to Australia have increased at an annualized rate of 30.5%,  from $2.03B in 2017 to $7.66B in 2022.

In 2015, Singapore exported services to Australia worth $3.13B, with Transportation ($2.71B), Insurance services ($245M), and Royalties and license fees ($122M) being the largest in terms of value.

Comparison: In 2022,  Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).