Singapore (SGP) and New Zealand (NZL) Trade | The Observatory of Economic Complexity

About

Singapore-New Zealand Trade: In 2022, Singapore exported $3.3B to New Zealand. The main products that Singapore exported to New Zealand were Refined Petroleum ($1.94B), Gas Turbines ($600M), and Other Edible Preparations ($87.5M). Over the past 5 years the exports of Singapore to New Zealand have increased at an annualized rate of 16.6%, from $1.53B in 2017 to $3.3B in 2022.

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

New Zealand-Singapore Trade: In 2022, New Zealand exported $1.05B to Singapore. The main products that New Zealand exported to Singapore were Crude Petroleum ($233M), Concentrated Milk ($223M), and Butter ($47M). Over the past 5 years the exports of New Zealand to Singapore have increased at an annualized rate of 1.9%, from $904M in 2017 to $1.05B in 2022.

In 2018, New Zealand exported services to Singapore worth $1.24B, with Travel ($649M), Other business services ($325M), and Transportation ($219M) being the largest in terms of value.

Comparison: In 2022, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Singapore exported $3.3B to New Zealand. The main products exported from Singapore to New Zealand were Refined Petroleum ($1.94B), Gas Turbines ($600M), and Other Edible Preparations ($87.5M). During the last 5 years the exports of Singapore to New Zealand have increased at an annualized rate of 16.6%, from $1.53B in 2017 to $3.3B in 2022.

In 2017, New Zealand exported $1.05B to Singapore. The main products exported from New Zealand to Singapore were Crude Petroleum ($233M), Concentrated Milk ($223M), and Butter ($47M). During the last 5 years the exports of New Zealand to Singapore have increased at an annualized rate of 1.9%, from $904M in 2022 to $1.05B in 2017.

Exports from Singapore () to New Zealand () (2022)

Exports from New Zealand () to Singapore () (2022)

Latest Data

Trade between Singapore () and New Zealand ()

Singapore Exports

Date

New Zealand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

New Zealand
Top DestinationChina$13.1B

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

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

In 2022, countries that imported more from New Zealand than Singapore included Algeria ($517M), Cook Islands ($85.2M), and Libya ($82.6M).

Difference in imports from New Zealand () and Singapore () (2022)

Comparative Advantage Singapore - New Zealand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with New Zealand in the exports of Mineral Products ($1.94B), Machines ($767M), and Foodstuffs ($171M).

During 2017, New Zealand had a large net trade with Singapore in the exports of Animal Products ($401M), Mineral Products ($272M), and Foodstuffs ($91M).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

Nzl Year

In 2018, New Zealand exported services to Singapore worth $1.24B, with Travel ($649M), Other business services ($325M), and Transportation ($219M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from New Zealand () to Singapore () (2018)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Singapore () to New Zealand () (2022)

Exports from New Zealand () to Singapore () (2022)

Latest Data

Trade between Singapore () and New Zealand ()

Singapore Exports

New Zealand Exports

Market Competitiveness

Difference in imports from New Zealand () and Singapore () (2022)

Comparative Advantage Singapore - New Zealand

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Bilateral Service Trade

Services Exports from New Zealand () to Singapore () (2018)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Singapore () and New Zealand () (2022)

Keep Exploring