Flag Singapore / Indonesia Flag

2020
FlagFlag
Exports
: $14.8B, Rnk 5 / 212

2020
FlagFlag
Top Product
: $3.82B, Refined Petroleum

2020
FlagFlag
Exports
: $12.6B, Rnk 4 / 213

2020
FlagFlag
Top Product
: $3.31B, Gold

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

2020
Flag
Economic Complexity (ECI)
: ECI -0.093, Rnk 64 / 127

2020
Flag  
GDP
: $340B, CURRENT US$
Rnk 36 / 195

2010-2020
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GDP GROWTH
: 41.8%, CURRENT US$
Rnk 72 / 195

2020
Flag
 GDP
: $1.06T, CURRENT US$
Rnk 16 / 195

2010-2020
Flag
GDP GROWTH
: 40.2%, CURRENT US$
Rnk 76 / 195

2020
Flag
GDP PC 
: $59,798, CURRENT US$
Rnk 10 / 195

2010-2020
Flag
GDP PC GROWTH
: 26.6%, CURRENT US$
Rnk 73 / 195

2020
Flag
GDP PC
: $3,870, CURRENT US$
Rnk 121 / 195

2010-2020
Flag
GDP PC GROWTH
: 23.9%, CURRENT US$
Rnk 78 / 195

Singapore-Indonesia In 2020, Singapore exported $14.8B to Indonesia. The main products that Singapore exported to Indonesia are Refined Petroleum ($3.82B), Gold ($495M), and Integrated Circuits ($397M). During the last 25 years the exports of Singapore to Indonesia have increased at an annualized rate of 7.85%, from $2.23B in 1995 to $14.8B in 2020.

In 2020, Singapore did not export any services to Indonesia.

Indonesia-Singapore In 2020, Indonesia exported $12.6B to Singapore . The main products that Indonesia exported to Singapore were Gold ($3.31B), Petroleum Gas ($1.69B), and Refined Petroleum ($375M). During the last 25 years the exports of Indonesia to Singapore have increased at an annualized rate of 4.93%, from $3.77B in 1995 to $12.6B in 2020.

In 2020, Indonesia did not export any services to Singapore.

Comparison In 2020,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.84), and 19 in total exports ($281B). That same year, Indonesia ranked 64 in the Economic Complexity Index (ECI -0.093), and 28 in total exports ($178B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Singapore exported $14.8B to Indonesia. The main products exported from Singapore to Indonesia were Refined Petroleum ($3.82B), Gold ($495M), and Integrated Circuits ($397M). During the last 25 years the exports of Singapore to Indonesia have increased at an annualized rate of 7.85%, from $2.23B in 1995 to $14.8B in 2020.

In 2020, Indonesia exported $12.6B to Singapore. The main products exported from Indonesia to Singapore were Gold ($3.31B), Petroleum Gas ($1.69B), and Refined Petroleum ($375M). During the last 25 years the exports of Indonesia to Singapore have increased at an annualized rate of 4.93%, from $3.77B in 1995 to $12.6B in 2020.

Singapore Exports

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Indonesia Exports

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Market Competitiveness

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Measure

Singapore
Top Destination
: China, $42.9B

Indonesia
Top Destination
: China, $32.6B

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 2019, countries that imported more from Singapore than Indonesia were Hong Kong ($41.7B), Malaysia ($22.9B), and China ($42.9B).

In 2019, countries that imported more from Indonesia than Singapore were Japan ($14.4B), Pakistan ($2.43B), and Italy ($2.11B).

Comparative Advantage Singapore - Indonesia

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Flow

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

During 2020, Singapore had a large net trade with Indonesia in the exports of Machines ($4.5B), Mineral Products ($4.08B), and Chemical Products ($1.63B).

During 2020, Indonesia had a large net trade with Singapore in the exports of Precious Metals ($3.52B), Machines ($2.64B), and Mineral Products ($2.41B).

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