Norfolk Island (NFK) and Singapore (SGP) Trade | The Observatory of Economic Complexity

About

Norfolk Island-Singapore Trade: In 2023, Norfolk Island exported $123k to Singapore. The main products that Norfolk Island exported to Singapore were Compasses ($44k), Iron Pipe Fittings ($41.4k), and Porcelain Tableware ($28.9k). Over the past 5 years the exports of Norfolk Island to Singapore have decreased at an annualized rate of 23.3%, from $463k in 2018 to $123k in 2023.

In 2023, Norfolk Island did not export any services to Singapore.

Singapore-Norfolk Island In N/A, Singapore did not export any products to Norfolk Island.

In 2023, Singapore did not export any services to Norfolk Island.

Comparison In 2023, Norfolk Island ranked 223 in total exports ($2.11M), and does not have data regarding Economic Complexity Index. That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Norfolk Island exported $123k to Singapore. The main products exported from Norfolk Island to Singapore were Compasses ($44k), Iron Pipe Fittings ($41.4k), and Porcelain Tableware ($28.9k). During the last 5 years the exports of Norfolk Island to Singapore have decreased at an annualized rate of 23.3%, from $463k in 2018 to $123k in 2023.

Singapore does not register exports to Norfolk Island. The main products exported from Singapore to Norfolk Island were Perfumes ($74.6k), Beauty Products ($36.5k), and Cleaning Products ($573).

Exports from Norfolk Island () to Singapore () (2023)

Exports from Singapore () to Norfolk Island () (2023)

Latest Data

Trade between Norfolk Island () and Singapore ()

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norfolk Island
Top DestinationUnited States$655k

Singapore
Top DestinationHong Kong$44.5B

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

In 2023, no countries were registered that imported more from Norfolk Island than from Singapore.

In 2023, countries that imported more from Singapore than Norfolk Island included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

Difference in imports from Singapore () and Norfolk Island () (2023)

Comparative Advantage Norfolk Island - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Norfolk Island had a large net trade with Singapore in the exports of Instruments ($44k), Metals ($41.6k), and Stone And Glass ($28.9k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Norfolk Island () to Singapore () (2023)

Exports from Singapore () to Norfolk Island () (2023)

Latest Data

Trade between Norfolk Island () and Singapore ()

Singapore Exports

Market Competitiveness

Difference in imports from Singapore () and Norfolk Island () (2023)

Comparative Advantage Norfolk Island - Singapore

Economic Complexity

Competitive Landscape

Product Space of Norfolk Island () and Singapore () (2023)

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