Singapore (SGP) and Indonesia (IDN) Trade | The Observatory of Economic Complexity

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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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 () to Indonesia () (2022)

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

Latest Data

Trade between Singapore () and Indonesia ()

Singapore Exports

Date

Indonesia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 () and Singapore () (2022)

Comparative Advantage Singapore - Indonesia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Singapore Indonesia+$196MIntegrated Circuits

Top Product Potential Indonesia Singapore+N/AN/A

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

Year

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.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Singapore () and Indonesia ()

Singapore Exports

Indonesia Exports

Market Competitiveness

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

Comparative Advantage Singapore - Indonesia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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