Singapore (SGP) and Norfolk Island (NFK) Trade | The Observatory of Economic Complexity

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Singapore-Norfolk Island Trade: In 2022, Singapore exported $167k to Norfolk Island. The main products that Singapore exported to Norfolk Island were Polyacetals ($167k). Over the past 8 years the exports of Singapore to Norfolk Island have increased at an annualized rate of 27.3%, from $24.1k in 2014 to $167k in 2022.

In 2022, Singapore did not export any services to Norfolk Island.

Norfolk Island-Singapore Trade: In 2022, Norfolk Island exported $192k to Singapore. The main products that Norfolk Island exported to Singapore were Precious Metal Scraps ($73.1k), Other Plastic Sheetings ($62.3k), and Iron Pipe Fittings ($23.2k). Over the past 8 years the exports of Norfolk Island to Singapore have increased at an annualized rate of 8.29%, from $53.7k in 2014 to $192k in 2022.

In 2022, Norfolk Island 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, Norfolk Island ranked 225 in total exports ($1.96M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Singapore exported $167k to Norfolk Island. The main products exported from Singapore to Norfolk Island were Polyacetals ($167k). During the last 8 years the exports of Singapore to Norfolk Island have increased at an annualized rate of 27.3%, from $24.1k in 2014 to $167k in 2022.

In 2017, Norfolk Island exported $192k to Singapore. The main products exported from Norfolk Island to Singapore were Precious Metal Scraps ($73.1k), Other Plastic Sheetings ($62.3k), and Iron Pipe Fittings ($23.2k). During the last 5 years the exports of Norfolk Island to Singapore have increased at an annualized rate of 8.29%, from $53.7k in 2022 to $192k in 2017.

Exports from Singapore () to Norfolk Island () (2022)

Exports from Norfolk Island () to Singapore () (2022)

Latest Data

Trade between Singapore () and Norfolk Island ()

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Norfolk Island
Top DestinationIndia$316k

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 2022, countries that imported more from Singapore than Norfolk Island included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2022, no countries were registered that imported more from Norfolk Island than from Singapore.

Difference in imports from Norfolk Island () and Singapore () (2022)

Comparative Advantage Singapore - Norfolk Island

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with Norfolk Island in the exports of Plastics and Rubbers ($167k).

During 2017, Norfolk Island had a large net trade with Singapore in the exports of Plastics and Rubbers ($77.9k), Precious Metals ($73.1k), and Metals ($33.3k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Singapore () to Norfolk Island () (2022)

Exports from Norfolk Island () to Singapore () (2022)

Latest Data

Trade between Singapore () and Norfolk Island ()

Singapore Exports

Market Competitiveness

Difference in imports from Norfolk Island () and Singapore () (2022)

Comparative Advantage Singapore - Norfolk Island

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Singapore () and Norfolk Island () (2022)

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