The main products that Singapore exported to Australia are Refined Petroleum ($4.62B), Other Edible Preparations ($402M), and Crude Petroleum ($249M). During the last 24 years the exports of Singapore to Australia have increased at an annualized rate of 6.03%, from $1.98B in 1995 to $8.06B in 2019.
What does Australia import from Singapore?
Major Australian exports were petroleum (crude and refined), non-monetary gold, meat, milk and cream, aircraft and parts, and food and live animals. Major imports from Singapore were refined petroleum, computers and parts, musical instruments, and integrated circuits. Services are also a key part of our exports.
What is Singapore’s biggest export?
Singapore derives most of its revenues from foreign trade. The biggest export product, with 43 percent share, is machinery and equipment. The country also exports petroleum (19 percent); chemical products (13 percent); miscellaneous manufactured articles (8 percent) and oil bunkers (7 percent).
What is exported to Australia?
Gold and other precious metals ($16.1 billion—6.3% of the total exports) Mineral fuels including oil ($87.7 billion—34.6% of the total exports) Bovine meat ($10.2 billion–4% of the total exports) Inorganic chemicals ($8.2 billion— 3.2% of the total exports)
What do we import from Singapore?
Major imports are machinery and transport equipment and crude petroleum, while machinery and refined petroleum products are the major exports. China, the United States, Indonesia, Malaysia, and Japan are Singapore’s principal trading partners.
Why is Singapore important to Australia?
Trade and investment
Trade and business ties between Australia and Singapore are strong. Singapore is Australia’s largest trade and investment partner in ASEAN and our sixth largest trading partner overall ($27 billion in two-way trade in 2020).
What does Australia import and export to Singapore?
Based on International Enterprise Singapore’s Statlink statistics, Australia was the largest supplier of beef, cheese and lamb products in 2016. Australia was also the second largest supplier of pork, milk and cream products to Singapore.
What do Australia and Singapore have in common?
The bilateral relationship with Singapore is one of Australia’s closest and most comprehensive in Southeast Asia. This is based on long-standing Commonwealth, defence, education, political, trade and tourism links, as well as on the two countries’ similar strategic outlook.
What is Singapore famous for producing?
The Singapore economy is mainly driven by exports in electronics manufacturing and machinery, financial services, tourism, and the world’s busiest cargo seaport.
Which country is Singapore biggest trading partner?
Singapore top 5 Export and Import partners
|Market||Trade (US$ Mil)||Partner share(%)|
|Hong Kong, China||44,377||11.37|
What food does Singapore export?
Top exports of processed foods to Singapore in 2020 included:
- Fats And Oils.
- Food Preparations & Ingredients.
- Processed/Prepared Dairy Products.
- Processed Vegetables & Pulses.
- Snack Foods.
- Alcoholic Beverages.
- Chocolate And Confectionery.
What are Australia’s top 3 exports?
List of exports of Australia
|#||Commodity||% share of exports|
|1||Iron ores & concentrates||15.2|
What are Australia top 10 exports?
The 10 Biggest Exporting Industries in Australia
- Iron Ore Mining in Australia. …
- Liquefied Natural Gas Production in Australia. …
- Oil and Gas Extraction in Australia. …
- Coal Mining in Australia. …
- Gold and Other Non-Ferrous Metal Processing in Australia. …
- Meat Processing in Australia. …
- Grain Growing in Australia.
What are Australia’s top 3 imports?
Australia’s Top Ten Imports
- #1 Machinery (AUD$46.2 billion) …
- #2 Mineral fuels (AUD$43.9 billion) …
- #3 Vehicles (AUD$43.6 billion) …
- #4 Electrical machinery and equipment (AUD$37.1 billion) …
- #5 Medical/technical equipment (AUD$12 billion) …
- #6 Pharmaceuticals (AUD$11.8 billion) …
- #7 Gems and precious metals (AUD$9.5 billion)