Singapore (SGP) and Australia (AUS) Trade | The Observatory of Economic Complexity

About

Singapore-Australia In 2022, Singapore exported $14.7B to Australia. The main products that Singapore exported to Australia are Refined Petroleum ($10.4B), Other Edible Preparations ($419M), and Computers ($402M). During the last 27 years the exports of Singapore to Australia have increased at an annualized rate of 7.62%, from $2.03B in 1995 to $14.7B in 2022.

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 2022, Australia exported $8.18B to Singapore. The main products that Australia exported to Singapore were Gold ($2.06B), Petroleum Gas ($1.81B), and Crude Petroleum ($1.52B). During the last 27 years the exports of Australia to Singapore have increased at an annualized rate of 4.32%, from $2.61B in 1995 to $8.18B in 2022.

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 2022, Singapore ranked 5 in the Economic Complexity Index (ECI 1.53), and 21 in total exports ($379B). That same year, Australia ranked 77 in the Economic Complexity Index (ECI -0.35), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Singapore exported $14.7B to Australia. The main products exported from Singapore to Australia were Refined Petroleum ($10.4B), Other Edible Preparations ($419M), and Computers ($402M). During the last 27 years the exports of Singapore to Australia have increased at an annualized rate of 7.62%, from $2.03B in 1995 to $14.7B in 2022.

In 2022, Australia exported $8.18B to Singapore. The main products exported from Australia to Singapore were Gold ($2.06B), Petroleum Gas ($1.81B), and Crude Petroleum ($1.52B). During the last 27 years the exports of Australia to Singapore have increased at an annualized rate of 4.32%, from $2.61B in 1995 to $8.18B in 2022.

Exports from Singapore () to Australia () (2022)

Exports from Australia () to Singapore () (2022)

Latest Data

Trade between Singapore () and Australia ()

Singapore Exports

Date

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Australia
Top DestinationChina$123B

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 2021, countries that imported more from Singapore than Australia were Hong Kong ($51.6B), Malaysia ($35.9B), and United States ($28.9B).

In 2021, countries that imported more from Australia than Singapore were China ($123B), Japan ($80.1B), and South Korea ($41B).

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

Comparative Advantage Singapore - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with Australia in the exports of Mineral Products ($10.5B), Machines ($1.09B), and Chemical Products ($705M).

During 2022, Australia had a large net trade with Singapore in the exports of Mineral Products ($3.79B), Precious Metals ($2.21B), and Animal Products ($369M).

Service Trade

Bilateral Service Trade

Aus Year

Sgp Year

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.

Services Exports from Singapore () to Australia () (2015)

Services Exports from Australia () to Singapore () (2009)

Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Singapore () to Australia () (2022)

Exports from Australia () to Singapore () (2022)

Latest Data

Trade between Singapore () and Australia ()

Singapore Exports

Australia Exports

Market Competitiveness

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

Comparative Advantage Singapore - Australia

Service Trade

Bilateral Service Trade

Services Exports from Singapore () to Australia () (2015)

Services Exports from Australia () to Singapore () (2009)

Economic Complexity

Competitive Landscape

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

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