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2022
Flag → Flag
Exports $857MRnk 36 / 215
2022
Flag → Flag
Top Product $572MRefined Petroleum
2022
Flag → Flag
Exports $190MRnk 13 / 94
2022
Flag → Flag
Top Product $80.7MPlatinum Clad Metals
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.53Rnk 125 / 133
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP$30.6BCURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP GROWTH43.9%CURRENT US$
Rnk 78 / 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$3,020CURRENT US$
Rnk 133 / 186
2012-2022
Flag
GDP PC GROWTH13.8%CURRENT US$
Rnk 100 / 186

About

Singapore-Papua New Guinea Trade: In 2022, Singapore exported $857M to Papua New Guinea. The main products that Singapore exported to Papua New Guinea were Refined Petroleum ($572M), Industrial Fatty Acids, Oils and Alcohols ($63.9M), and Other Edible Preparations ($62.6M). Over the past 5 years the exports of Singapore to Papua New Guinea have increased at an annualized rate of 13.6%, from $452M in 2017 to $857M in 2022.

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

Papua New Guinea-Singapore Trade: In 2022, Papua New Guinea exported $190M to Singapore. The main products that Papua New Guinea exported to Singapore were Platinum Clad Metals ($80.7M), Crude Petroleum ($58.4M), and Refined Petroleum ($26.1M). Over the past 5 years the exports of Papua New Guinea to Singapore have decreased at an annualized rate of 2.19%,  from $212M in 2017 to $190M in 2022.

In 2022, Papua New Guinea 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, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $857M to Papua New Guinea. The main products exported from Singapore to Papua New Guinea were Refined Petroleum ($572M), Industrial Fatty Acids, Oils and Alcohols ($63.9M), and Other Edible Preparations ($62.6M). During the last 5 years the exports of Singapore to Papua New Guinea have increased at an annualized rate of 13.6%, from $452M in 2017 to $857M in 2022.

In 2017, Papua New Guinea exported $190M to Singapore. The main products exported from Papua New Guinea to Singapore were Platinum Clad Metals ($80.7M), Crude Petroleum ($58.4M), and Refined Petroleum ($26.1M). During the last 5 years the exports of Papua New Guinea to Singapore have decreased at an annualized rate of 2.19%, from $212M in 2022 to $190M in 2017.

Exports from Singapore (Flag) to Papua New Guinea (Flag) (2022)

Exports from Papua New Guinea (Flag) to Singapore (Flag) (2022)

Latest Data

Trade between Singapore (Flag) and Papua New Guinea (Flag)

Singapore Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$51.6B
Papua New Guinea
Top DestinationJapan$4.03B

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

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

In 2022, no countries were registered that imported more from Papua New Guinea than from Singapore.

Difference in imports from Papua New Guinea (Flag) and Singapore (Flag) (2022)

Comparative Advantage Singapore - Papua New Guinea

Flow
Scale

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

During 2022, Singapore had a large net trade with Papua New Guinea in the exports of Mineral Products ($572M), Chemical Products ($84.1M), and Foodstuffs ($73.5M).

During 2017, Papua New Guinea had a large net trade with Singapore in the exports of Mineral Products ($84.6M), Precious Metals ($81.9M), and Foodstuffs ($13.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Papua New Guinea+$1.42MTelephones
Top Product Potential Papua New Guinea Singapore+$40MCrude 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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Economic Complexity

Competitive Landscape

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

Product Space of Singapore (Flag) and Papua New Guinea (Flag) (2022)

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