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2022
Flag → Flag
Exports $15.5BRnk 7 / 216
2022
Flag → Flag
Top Product $3BPetroleum Gas
2022
Flag → Flag
Exports $22.5BRnk 5 / 215
2022
Flag → Flag
Top Product $9.29BRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH43.7%CURRENT US$
Rnk 79 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC $4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186
2022
Flag
GDP PC$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Indonesia-Singapore Trade: In 2022, Indonesia exported $15.5B 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 0.27%, from $15.3B in 2017 to $15.5B in 2022.

In 2022, Indonesia did not export any services to Singapore.

Singapore-Indonesia Trade: In 2022, Singapore exported $22.5B 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 1.01%,  from $21.4B in 2017 to $22.5B in 2022.

In 2022, Singapore did not export any services to Indonesia.

Comparison: In 2022,  Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Indonesia exported $15.5B 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 5 years the exports of Indonesia to Singapore have increased at an annualized rate of 0.27%, from $15.3B in 2017 to $15.5B in 2022.

In 2017, Singapore exported $22.5B 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 1.01%, from $21.4B in 2022 to $22.5B in 2017.

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

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

Latest Data

Trade between Indonesia (Flag) and Singapore (Flag)

Indonesia Exports

Singapore Exports

Market Competitiveness

Color
Indonesia
Top DestinationChina$67.7B
Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from Indonesia than Singapore included China ($67.7B), Japan ($26.6B), and India ($25.3B).

In 2022, countries that imported more from Singapore than Indonesia included Hong Kong ($51.6B), Malaysia ($35.9B), and Australia ($14.7B).

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

Comparative Advantage Indonesia - Singapore

Flow
Scale

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

During 2022, Indonesia had a large net trade with Singapore in the exports of Machines ($5.04B), Mineral Products ($4.98B), and Precious Metals ($1.28B).

During 2017, Singapore had a large net trade with Indonesia in the exports of Mineral Products ($9.77B), Machines ($5.12B), and Chemical Products ($2.01B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Indonesia Singapore+$212MRefined Petroleum
Top Product Potential Singapore Indonesia+$196MIntegrated Circuits

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 Indonesia and Singapore. This means that a dot/product with the flag of Indonesia indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Indonesia.

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

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