Flag Singapore / Australia Flag

2020
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Exports
: $6.26B, Rnk 14 / 212

2020
FlagFlag
Top Product
: $2.82B, Refined Petroleum

2020
FlagFlag
Exports
: $7.1B, Rnk 8 / 211

2020
FlagFlag
Top Product
: $2.13B, Iron Ore

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

2020
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Economic Complexity (ECI)
: ECI -0.31, Rnk 74 / 127

2020
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GDP
: $345B, CURRENT US$
Rnk 36 / 204

2010-2020
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GDP GROWTH
: 44%, CURRENT US$
Rnk 68 / 204

2020
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 GDP
: $1.33T, CURRENT US$
Rnk 13 / 204

2010-2020
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GDP GROWTH
: 15.7%, CURRENT US$
Rnk 130 / 204

2020
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GDP PC 
: $60,729, CURRENT US$
Rnk 11 / 204

2010-2020
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GDP PC GROWTH
: 28.6%, CURRENT US$
Rnk 68 / 204

2020
Flag
GDP PC
: $51,680, CURRENT US$
Rnk 16 / 204

2010-2020
Flag
GDP PC GROWTH
: -0.78%, CURRENT US$
Rnk 144 / 204

Singapore-Australia In 2020, Singapore exported $6.26B to Australia. The main products that Singapore exported to Australia are Refined Petroleum ($2.82B), Other Edible Preparations ($379M), and Crude Petroleum ($333M). During the last 25 years the exports of Singapore to Australia have increased at an annualized rate of 4.58%, from $2.04B in 1995 to $6.26B in 2020.

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.

Australia-Singapore In 2020, Australia exported $7.1B to Singapore. The main products that Australia exported to Singapore were Iron Ore ($2.13B), Gold ($988M), and Petroleum Gas ($659M). During the last 25 years the exports of Australia to Singapore have increased at an annualized rate of 4.04%, from $2.64B in 1995 to $7.1B in 2020.

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.

Comparison In 2020,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.84), and 19 in total exports ($281B). That same year, Australia ranked 74 in the Economic Complexity Index (ECI -0.31), and 22 in total exports ($250B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Singapore exported $6.26B to Australia. The main products exported from Singapore to Australia were Refined Petroleum ($2.82B), Other Edible Preparations ($379M), and Crude Petroleum ($333M). During the last 25 years the exports of Singapore to Australia have increased at an annualized rate of 4.58%, from $2.04B in 1995 to $6.26B in 2020.

In 2020, Australia exported $7.1B to Singapore. The main products exported from Australia to Singapore were Iron Ore ($2.13B), Gold ($988M), and Petroleum Gas ($659M). During the last 25 years the exports of Australia to Singapore have increased at an annualized rate of 4.04%, from $2.64B in 1995 to $7.1B in 2020.

Singapore Exports

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Australia Exports

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Market Competitiveness

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Measure

Singapore
Top Destination
: China, $42.9B

Australia
Top Destination
: China, $102B

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

In 2019, countries that imported more from Singapore than Australia were Hong Kong ($41.7B), Malaysia ($22.9B), and United States ($27.6B).

In 2019, countries that imported more from Australia than Singapore were China ($102B), Japan ($31.8B), and South Korea ($17.2B).

Comparative Advantage Singapore - Australia

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Flow
Scale

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

During 2020, Singapore had a large net trade with Australia in the exports of Mineral Products ($3.23B), Machines ($874M), and Foodstuffs ($629M).

During 2020, Australia had a large net trade with Singapore in the exports of Mineral Products ($3.89B), Precious Metals ($1.15B), and Animal Products ($370M).

Bilateral Service Trade

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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.

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.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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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 Singapore has comparative advantage over Australia. Similarly, the more yellow a dot/product is, the more Australia has comparative advantage over Singapore.