Australia-Singapore Trade: In 2023, Australia exported $7.3B to Singapore. The main products that Australia exported to Singapore were Gold ($1.86B), Petroleum Gas ($1.72B), and Crude Petroleum ($754M). Over the past 5 years the exports of Australia to Singapore have increased at an annualized rate of 6%, from $5.46B in 2018 to $7.3B in 2023.
In 2009, Australia exported services to Singapore worth $2.38B, with Other business services ($781M), Travel ($695M), and Transportation ($575M) being the largest in terms of value.
Singapore-Australia Trade: In 2023, Singapore exported $11.6B to Australia. The main products that Singapore exported to Australia were Refined Petroleum ($8.23B), Other Edible Preparations ($403M), and Computers ($240M). Over the past 5 years the exports of Singapore to Australia have increased at an annualized rate of 4.74%, from $9.21B in 2018 to $11.6B in 2023.
In 2015, Singapore exported services to Australia worth $3.13B, with Transportation ($2.71B), Insurance services ($245M), and Royalties and license fees ($122M) being the largest in terms of value.
Comparison: In 2023, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).