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2022
Flag → Flag
Exports $3.3BRnk 22 / 215
2022
Flag → Flag
Top Product $1.94BRefined Petroleum
2022
Flag → Flag
Exports $1.05BRnk 8 / 210
2022
Flag → Flag
Top Product $233MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.46Rnk 45 / 133
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP$247BCURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP GROWTH40.3%CURRENT US$
Rnk 82 / 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$48,249CURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 86 / 186

About

Singapore-New Zealand Trade: In 2022, Singapore exported $3.3B to New Zealand. The main products that Singapore exported to New Zealand were Refined Petroleum ($1.94B), Gas Turbines ($600M), and Other Edible Preparations ($87.5M). Over the past 5 years the exports of Singapore to New Zealand have increased at an annualized rate of 16.6%, from $1.53B in 2017 to $3.3B in 2022.

In 2022, Singapore did not export any services to New Zealand.

New Zealand-Singapore Trade: In 2022, New Zealand exported $1.05B to Singapore. The main products that New Zealand exported to Singapore were Crude Petroleum ($233M), Concentrated Milk ($223M), and Butter ($47M). Over the past 5 years the exports of New Zealand to Singapore have increased at an annualized rate of 3.05%,  from $904M in 2017 to $1.05B in 2022.

In 2018, New Zealand exported services to Singapore worth $1.24B, with Travel ($649M), Other business services ($325M), and Transportation ($219M) being the largest in terms of value.

Comparison: In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $3.3B to New Zealand. The main products exported from Singapore to New Zealand were Refined Petroleum ($1.94B), Gas Turbines ($600M), and Other Edible Preparations ($87.5M). During the last 5 years the exports of Singapore to New Zealand have increased at an annualized rate of 16.6%, from $1.53B in 2017 to $3.3B in 2022.

In 2017, New Zealand exported $1.05B to Singapore. The main products exported from New Zealand to Singapore were Crude Petroleum ($233M), Concentrated Milk ($223M), and Butter ($47M). During the last 5 years the exports of New Zealand to Singapore have increased at an annualized rate of 3.05%, from $904M in 2022 to $1.05B in 2017.

Exports from Singapore (Flag) to New Zealand (Flag) (2022)

Exports from New Zealand (Flag) to Singapore (Flag) (2022)

Latest Data

Trade between Singapore (Flag) and New Zealand (Flag)

Singapore Exports

New Zealand Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$51.6B
New Zealand
Top DestinationChina$13.1B

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

In 2022, countries that imported more from Singapore than New Zealand included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2022, countries that imported more from New Zealand than Singapore included Algeria ($517M), Cook Islands ($85.2M), and Libya ($82.6M).

Difference in imports from New Zealand (Flag) and Singapore (Flag) (2022)

Comparative Advantage Singapore - New Zealand

Flow
Scale

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

During 2022, Singapore had a large net trade with New Zealand in the exports of Mineral Products ($1.94B), Machines ($767M), and Foodstuffs ($171M).

During 2017, New Zealand had a large net trade with Singapore in the exports of Animal Products ($401M), Mineral Products ($272M), and Foodstuffs ($91M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore New Zealand+$7.28MPackaged Medicaments
Top Product Potential New Zealand Singapore+$11.1MRefined 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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Bilateral Service Trade

In 2018, New Zealand exported services to Singapore worth $1.24B, with Travel ($649M), Other business services ($325M), and Transportation ($219M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from New Zealand (Flag) to Singapore (Flag) (2018)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Singapore (Flag) and New Zealand (Flag) (2022)

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