Singapore and Australia have a strong trade and investment relationship, with Singapore exporting $16 billion worth of goods to Australia in 2022 and investing $95.2 billion in Australia, largely in the real estate sector.
Singapore-Australia Trade Surplus
Singapore and Australia have a robust trading relationship, with Singapore enjoying a trade surplus. In 2022, Singapore exported goods worth approximately US$16 billion to Australia, while importing goods worth just over US$4 billion during the same period. This trade surplus highlights the strong economic ties between the two countries.
Investments in Oil and Real Estate
Singapore’s investments in Australia are substantial, with the city-state being the fifth-largest source of foreign investment in Australia. In 2022, Singapore’s investment totaled A$148 billion (US$95.2 billion), accounting for 3.3% of the total foreign…
