Flag Singapore / New Zealand Flag

Exports Flag β†’ Flag  (2018): $1.95B, Rnk 24 / 213

Top Product Flag β†’ Flag (2018): $909M, Refined Petroleum

Exports Flag β†’ Flag (2018): $929M, Rnk 7 / 206

Top Product Flag β†’ Flag (2018): $150M, Concentrated Milk

Economic Complexity of Flag (2018): ECI 1.71, Rnk 6 / 137

Economic Complexity of Flag (2018): ECI 0.46, Rnk 49 / 137

GDP Flag (2018): $364B, CURRENT US$
Rnk 33 / 196

GDP GROWTH Flag (2008-2018): 88.1%, CURRENT US$
Rnk 43 / 196

GDP Flag (2018): $205B, CURRENT US$
Rnk 51 / 196

GDP GROWTH Flag (2008-2018): 53.8%, CURRENT US$
Rnk 77 / 196

GDP PC Flag (2018): $64,582, CURRENT US$
Rnk 9 / 196

GDP PC GROWTH Flag (2008-2018): 61.4%, CURRENT US$
Rnk 37 / 196

GDP PC Flag (2018): $41,945, CURRENT US$
Rnk 24 / 196

GDP PC GROWTH Flag (2008-2018): 34.1%, CURRENT US$
Rnk 74 / 196

Singapore-New Zealand: In 2018, Singapore exported $1.95B to New Zealand. The main products exported from Singapore to New Zealand were Refined Petroleum ($909M), Gas Turbines ($184M), and Spark-Ignition Engines ($160M). During the last 23 years the exports of Singapore to New Zealand have increased at an annualized rate of 8.19%, from $319M in 1995 to $1.95B in 2018.

New Zealand-Singapore: In 2018, New Zealand exported $929M to Singapore. The main products exported from New Zealand to Singapore were Concentrated Milk ($150M), Crude Petroleum ($95.2M), and Petroleum Coke ($71.9M). During the last 23 years the exports of New Zealand to Singapore have increased at an annualized rate of 6.57%, from $215M in 1995 to $929M in 2018. 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 2018, Singapore ranked 6 in the Economic Complexity Index (ECI 1.71), and 17 in total exports ($323B). That same year, New Zealand ranked 49 in the Economic Complexity Index (ECI 0.46), and 58 in total exports ($40.1B). In terms of GDP Per Capita, Singapore was ranked 9 with a GDP Per Capita of $64,582, and New Zealand was ranked 24 with a GDP Per Capita of $41,945.

Bilateral Trade by Products

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Depth
Value

In 2018, Singapore exported $1.95B to New Zealand. The main products exported from Singapore to New Zealand were Refined Petroleum ($909M), Gas Turbines ($184M), and Spark-Ignition Engines ($160M). During the last 23 years the exports of Singapore to New Zealand have increased at an annualized rate of 8.19%, from $319M in 1995 to $1.95B in 2018.

In 2018, New Zealand exported $929M to Singapore. The main products exported from New Zealand to Singapore were Concentrated Milk ($150M), Crude Petroleum ($95.2M), and Petroleum Coke ($71.9M). During the last 23 years the exports of New Zealand to Singapore have increased at an annualized rate of 6.57%, from $215M in 1995 to $929M in 2018.

Market Competitiveness

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Measure

Singapore
Top Destination
: China, $44.3B

New Zealand
Top Destination
: China, $9.75B

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 2018, countries that imported more from Singapore than New Zealand were Hong Kong ($41.5B), China ($44.3B), and Malaysia ($32.3B).

In 2018, countries that imported more from New Zealand than Singapore were Algeria ($343M), Cook Islands ($53.5M), and Peru ($126M).

Comparative Advantage Singapore - New Zealand

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Depth

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

During 2018, Singapore had a large net trade with New Zealand in the exports of Mineral Products ($917M), Machines ($466M), and Foodstuffs ($230M).

During 2018, New Zealand had a large net trade with Singapore in the exports of Animal Products ($292M), Mineral Products ($198M), and Foodstuffs ($107M).

Trade Forecasts

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This section shows a forecast for total trade between Singapore and New Zealand. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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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.

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 red.  This mean that the more blue a dot/product is, the more Singapore has comparative advantage over New Zealand. Similarly, the more red a dot/product is, the more New Zealand has comparative advantage over Singapore.