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2023
Flag → Flag
Exports $112kRnk 206 / 217
2023
Flag → Flag
Top Product $74.6kPerfumes
2023
Flag → Flag
Exports $123kRnk 5 / 40
2023
Flag → Flag
Top Product $44kCompasses
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC $84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195

About

Singapore-Norfolk Island Trade: In 2023, Singapore exported $112k to Norfolk Island. The main products that Singapore exported to Norfolk Island were Perfumes ($74.6k), Beauty Products ($36.5k), and Cleaning Products ($573). Over the past 8 years the exports of Singapore to Norfolk Island have decreased at an annualized rate of 15.3%, from $421k in 2015 to $112k in 2023.

In 2023, Singapore did not export any services to Norfolk Island.

Norfolk Island-Singapore Trade: In 2023, Norfolk Island exported $123k to Singapore. The main products that Norfolk Island exported to Singapore were Compasses ($44k), Iron Pipe Fittings ($41.4k), and Porcelain Tableware ($28.9k). Over the past 8 years the exports of Norfolk Island to Singapore have decreased at an annualized rate of 23.3%,  from $463k in 2015 to $123k in 2023.

In 2023, Norfolk Island did not export any services to Singapore.

Comparison In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62),  and 24 in total exports ($333B). That same year, Norfolk Island ranked 223 in total exports ($2.11M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Singapore exported $112k to Norfolk Island. The main products exported from Singapore to Norfolk Island were Perfumes ($74.6k), Beauty Products ($36.5k), and Cleaning Products ($573). During the last 8 years the exports of Singapore to Norfolk Island have decreased at an annualized rate of 15.3%, from $421k in 2015 to $112k in 2023.

In 2018, Norfolk Island exported $123k to Singapore. The main products exported from Norfolk Island to Singapore were Compasses ($44k), Iron Pipe Fittings ($41.4k), and Porcelain Tableware ($28.9k). During the last 5 years the exports of Norfolk Island to Singapore have decreased at an annualized rate of 23.3%, from $463k in 2023 to $123k in 2018.

Exports from Singapore (Flag) to Norfolk Island (Flag) (2023)

Exports from Norfolk Island (Flag) to Singapore (Flag) (2023)

Latest Data

Trade between Singapore (Flag) and Norfolk Island (Flag)

Singapore Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$44.5B
Norfolk Island
Top DestinationUnited States$655k

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

In 2023, countries that imported more from Singapore than Norfolk Island included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

In 2023, no countries were registered that imported more from Norfolk Island than from Singapore.

Difference in imports from Norfolk Island (Flag) and Singapore (Flag) (2023)

Comparative Advantage Singapore - Norfolk Island

Flow
Scale

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

During 2023, Singapore had a large net trade with Norfolk Island in the exports of Chemical Products ($112k).

During 2018, Norfolk Island had a large net trade with Singapore in the exports of Instruments ($44k), Metals ($41.6k), and Stone And Glass ($28.9k).

Economic Complexity

Competitive Landscape

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

Product Space of Singapore (Flag) and Norfolk Island (Flag) (2023)

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