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2022
Flag → Flag
Exports $22.5BRnk 5 / 215
2022
Flag → Flag
Top Product $9.29BRefined Petroleum
2022
Flag → Flag
Exports $15.5BRnk 7 / 216
2022
Flag → Flag
Top Product $3BPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH43.7%CURRENT US$
Rnk 79 / 186
2022
Flag
GDP PC $82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC$4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186

About

Singapore-Indonesia Trade: In 2022, Singapore exported $22.5B 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 1.01%, from $21.4B in 2017 to $22.5B in 2022.

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

Indonesia-Singapore Trade: In 2022, Indonesia exported $15.5B 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 0.27%,  from $15.3B in 2017 to $15.5B in 2022.

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

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $22.5B to Indonesia. The main products exported from Singapore to Indonesia were Refined Petroleum ($9.29B), Gold ($656M), and Broadcasting Equipment ($537M). During the last 5 years the exports of Singapore to Indonesia have increased at an annualized rate of 1.01%, from $21.4B in 2017 to $22.5B in 2022.

In 2017, Indonesia exported $15.5B 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 0.27%, from $15.3B in 2022 to $15.5B in 2017.

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

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

Latest Data

Trade between Singapore (Flag) and Indonesia (Flag)

Singapore Exports

Indonesia Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$51.6B
Indonesia
Top DestinationChina$67.7B

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

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

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

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

Comparative Advantage Singapore - Indonesia

Flow
Scale

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

During 2022, Singapore had a large net trade with Indonesia in the exports of Mineral Products ($9.77B), Machines ($5.12B), and Chemical Products ($2.01B).

During 2017, Indonesia had a large net trade with Singapore in the exports of Machines ($5.04B), Mineral Products ($4.98B), and Precious Metals ($1.28B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Indonesia+$196MIntegrated Circuits
Top Product Potential Indonesia Singapore+$212MRefined Petroleum

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

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

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

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