2022
Flag  
GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
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2022
Flag
 GDP
$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH
43.7%CURRENT US$
Rnk 79 / 186
2022
Flag
GDP PC 
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC
$4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH
30.5%CURRENT US$
Rnk 62 / 186

About

Singapore-Indonesia Trade: In 2022, Singapore exported $21.4B 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 56.9%, from $2.25B in 2017 to $21.4B in 2022.

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

Indonesia-Singapore Trade: In 2022, Indonesia exported $15.3B 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 32.4%,  from $3.77B in 2017 to $15.3B 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 $21.4B 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 56.9%, from $2.25B in 2017 to $21.4B in 2022.

In 2017, Indonesia exported $15.3B 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 22 years the exports of Indonesia to Singapore have increased at an annualized rate of 32.4%, from $3.77B in 1995 to $15.3B 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 Destination
Hong Kong$51.6B
Indonesia
Top Destination
China$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).

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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