Indonesia (IDN) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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Indonesia-Singapore Trade: In 2022, Indonesia exported $15.3B to Singapore. The main products that Indonesia exported to Singapore were Petroleum Gas ($3B), Other Electrical Machinery ($1.34B), and Refined Petroleum ($1.18B). Over the past 5 years the exports of Indonesia to Singapore have increased at an annualized rate of 32.4%, from $3.77B in 2017 to $15.3B in 2022.

In 2022, Indonesia did not export any services to Singapore.

Singapore-Indonesia Trade: In 2022, Singapore exported $21.4B to Indonesia. The main products that Singapore exported to Indonesia were Refined Petroleum ($9.29B), Gold ($656M), and Broadcasting Equipment ($537M). Over the past 5 years the exports of Singapore to Indonesia have increased at an annualized rate of 56.9%, from $2.25B in 2017 to $21.4B in 2022.

In 2022, Singapore did not export any services to Indonesia.

Comparison: In 2022, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Indonesia exported $15.3B to Singapore. The main products exported from Indonesia to Singapore were Petroleum Gas ($3B), Other Electrical Machinery ($1.34B), and Refined Petroleum ($1.18B). During the last 5 years the exports of Indonesia to Singapore have increased at an annualized rate of 32.4%, from $3.77B in 2017 to $15.3B in 2022.

In 2017, Singapore exported $21.4B to Indonesia. The main products exported from Singapore to Indonesia were Refined Petroleum ($9.29B), Gold ($656M), and Broadcasting Equipment ($537M). During the last 22 years the exports of Singapore to Indonesia have increased at an annualized rate of 56.9%, from $2.25B in 1995 to $21.4B in 2017.

Exports from Indonesia () to Singapore () (2022)

Exports from Singapore () to Indonesia () (2022)

Latest Data

Trade between Indonesia () and Singapore ()

Indonesia Exports

Date

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$67.7B

Singapore
Top DestinationHong Kong$51.6B

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 2022, countries that imported more from Indonesia than Singapore included China ($67.7B), Japan ($26.6B), and India ($25.3B).

In 2022, countries that imported more from Singapore than Indonesia included Hong Kong ($51.6B), Malaysia ($35.9B), and Australia ($14.7B).

Difference in imports from Singapore () and Indonesia () (2022)

Comparative Advantage Indonesia - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Indonesia had a large net trade with Singapore in the exports of Machines ($5.04B), Mineral Products ($4.98B), and Precious Metals ($1.28B).

During 2017, Singapore had a large net trade with Indonesia in the exports of Mineral Products ($9.77B), Machines ($5.12B), and Chemical Products ($2.01B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Indonesia Singapore+$212MRefined Petroleum

Top Product Potential Singapore Indonesia+$196MIntegrated Circuits

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Indonesia and Singapore. This means that a dot/product with the flag of Indonesia indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Indonesia.

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Historical Data

Bilateral Trade by Products

Exports from Indonesia () to Singapore () (2022)

Exports from Singapore () to Indonesia () (2022)

Latest Data

Trade between Indonesia () and Singapore ()

Indonesia Exports

Singapore Exports

Market Competitiveness

Difference in imports from Singapore () and Indonesia () (2022)

Comparative Advantage Indonesia - Singapore

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Indonesia () and Singapore () (2022)

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