Flag Indonesia / Singapore Flag

2020
FlagFlag
Exports
: $12.6B, Rnk 4 / 213

2020
FlagFlag
Top Product
: $3.31B, Gold

2020
FlagFlag
Exports
: $14.8B, Rnk 5 / 212

2020
FlagFlag
Top Product
: $3.82B, Refined Petroleum

2020
Flag
Economic Complexity (ECI)
: ECI -0.093, Rnk 64 / 127

2020
Flag
Economic Complexity (ECI)
: ECI 1.84, Rnk 6 / 127

2020
Flag  
GDP
: $1.06T, CURRENT US$
Rnk 16 / 195

2010-2020
Flag
GDP GROWTH
: 40.2%, CURRENT US$
Rnk 76 / 195

2020
Flag
 GDP
: $340B, CURRENT US$
Rnk 36 / 195

2010-2020
Flag
GDP GROWTH
: 41.8%, CURRENT US$
Rnk 72 / 195

2020
Flag
GDP PC 
: $3,870, CURRENT US$
Rnk 121 / 195

2010-2020
Flag
GDP PC GROWTH
: 23.9%, CURRENT US$
Rnk 78 / 195

2020
Flag
GDP PC
: $59,798, CURRENT US$
Rnk 10 / 195

2010-2020
Flag
GDP PC GROWTH
: 26.6%, CURRENT US$
Rnk 73 / 195

Indonesia-Singapore In 2020, Indonesia exported $12.6B to Singapore. The main products that Indonesia exported to Singapore are Gold ($3.31B), Petroleum Gas ($1.69B), and Refined Petroleum ($375M). During the last 25 years the exports of Indonesia to Singapore have increased at an annualized rate of 4.93%, from $3.77B in 1995 to $12.6B in 2020.

In 2020, Indonesia did not export any services to Singapore.

Singapore-Indonesia In 2020, Singapore exported $14.8B to Indonesia. The main products that Singapore exported to Indonesia were Refined Petroleum ($3.82B), Gold ($495M), and Integrated Circuits ($397M). During the last 25 years the exports of Singapore to Indonesia have increased at an annualized rate of 7.85%, from $2.23B in 1995 to $14.8B in 2020.

In 2020, Singapore did not export any services to Indonesia.

Comparison In 2020,  Indonesia ranked 64 in the Economic Complexity Index (ECI -0.093), and 28 in total exports ($178B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.84), and 19 in total exports ($281B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2020, Indonesia exported $12.6B to Singapore. The main products exported from Indonesia to Singapore were Gold ($3.31B), Petroleum Gas ($1.69B), and Refined Petroleum ($375M). During the last 25 years the exports of Indonesia to Singapore have increased at an annualized rate of 4.93%, from $3.77B in 1995 to $12.6B in 2020.

In 2020, Singapore exported $14.8B to Indonesia. The main products exported from Singapore to Indonesia were Refined Petroleum ($3.82B), Gold ($495M), and Integrated Circuits ($397M). During the last 25 years the exports of Singapore to Indonesia have increased at an annualized rate of 7.85%, from $2.23B in 1995 to $14.8B in 2020.

Indonesia Exports

#permalink to section

Singapore Exports

#permalink to section

Market Competitiveness

#permalink to section
Measure

Indonesia
Top Destination
: China, $32.6B

Singapore
Top Destination
: China, $42.9B

This map shows whether countries import more from Indonesia or Singapore. Each country is colored based on the difference in imports they receive from Indonesia and Singapore or the difference in the growth in imports.

In 2019, countries that imported more from Indonesia than Singapore were Japan ($14.4B), Pakistan ($2.43B), and Italy ($2.11B).

In 2019, countries that imported more from Singapore than Indonesia were Hong Kong ($41.7B), Malaysia ($22.9B), and China ($42.9B).

Comparative Advantage Indonesia - Singapore

#permalink to section
Flow

This chart compares trade between Indonesia and Singapore by product, considering products traded by both, Indonesia and Singapore.

During 2020, Indonesia had a large net trade with Singapore in the exports of Precious Metals ($3.52B), Machines ($2.64B), and Mineral Products ($2.41B).

During 2020, Singapore had a large net trade with Indonesia in the exports of Machines ($4.5B), Mineral Products ($4.08B), and Chemical Products ($1.63B).

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Indonesia has comparative advantage over Singapore. Similarly, the more yellow a dot/product is, the more Singapore has comparative advantage over Indonesia.