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

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Norfolk Island-Singapore Trade: In 2022, Norfolk Island exported $192k to Singapore. The main products that Norfolk Island exported to Singapore were Precious Metal Scraps ($73.1k), Other Plastic Sheetings ($62.3k), and Iron Pipe Fittings ($23.2k). Over the past 5 years the exports of Norfolk Island to Singapore have increased at an annualized rate of 29%, from $53.7k in 2017 to $192k in 2022.

In 2022, Norfolk Island did not export any services to Singapore.

Singapore-Norfolk Island Trade: In 2022, Singapore exported $167k to Norfolk Island. The main products that Singapore exported to Norfolk Island were Polyacetals ($167k). Over the past 5 years the exports of Singapore to Norfolk Island have decreased at an annualized rate of 38%, from $1.82M in 2017 to $167k in 2022.

In 2022, Singapore did not export any services to Norfolk Island.

Comparison In 2022, Norfolk Island ranked 225 in total exports ($1.96M), and does not have data regarding Economic Complexity Index. 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, Norfolk Island exported $192k to Singapore. The main products exported from Norfolk Island to Singapore were Precious Metal Scraps ($73.1k), Other Plastic Sheetings ($62.3k), and Iron Pipe Fittings ($23.2k). During the last 5 years the exports of Norfolk Island to Singapore have increased at an annualized rate of 29%, from $53.7k in 2017 to $192k in 2022.

In 2017, Singapore exported $167k to Norfolk Island. The main products exported from Singapore to Norfolk Island were Polyacetals ($167k). During the last 5 years the exports of Singapore to Norfolk Island have decreased at an annualized rate of 38%, from $1.82M in 2022 to $167k in 2017.

Exports from Norfolk Island () to Singapore () (2022)

Exports from Singapore () to Norfolk Island () (2022)

Latest Data

Trade between Norfolk Island () and Singapore ()

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norfolk Island
Top DestinationIndia$316k

Singapore
Top DestinationHong Kong$51.6B

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 2022, no countries were registered that imported more from Norfolk Island than from Singapore.

In 2022, countries that imported more from Singapore than Norfolk Island included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

Difference in imports from Singapore () and Norfolk Island () (2022)

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 2022, Norfolk Island had a large net trade with Singapore in the exports of Plastics and Rubbers ($77.9k), Precious Metals ($73.1k), and Metals ($33.3k).

During 2017, Singapore had a large net trade with Norfolk Island in the exports of Plastics and Rubbers ($167k).

Potential Exports

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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.

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Historical Data

Bilateral Trade by Products

Exports from Norfolk Island () to Singapore () (2022)

Exports from Singapore () to Norfolk Island () (2022)

Latest Data

Trade between Norfolk Island () and Singapore ()

Singapore Exports

Market Competitiveness

Difference in imports from Singapore () and Norfolk Island () (2022)

Comparative Advantage Norfolk Island - Singapore

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Norfolk Island () and Singapore () (2022)

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