Located in the same time zone with Singapore and more than 1.5 billion people in the Asia Pacific, Western Australia and Singapore has significant trade and commerce.
Australia ranked 8th amongst Singapore’s principal merchandise export destinations and 17th among its principal merchandise import source countries in 2009. In 2010, Australian merchandise exports to Singapore amounted to $4.8 billion and imports from Singapore into Australia amounted to $10.7 billion. Australian exports to Singapore of services were valued at $2.6 billion and imports from Singapore at $3.5 billion in 2010.
Singapore is the 5th largest source of investment funds in Australia at $43.8 billion whilst Australia’s investments in Singapore amounted to some $25.1 billion in 2010. There are also over 1,300 Australian companies operating in Singapore.
The principal objective of the Singapore Chamber of Commerce is to foster trade and investment flows between the hub that is Singapore and Western Australia. We aim to do this by facilitating the creation of relationships, processes and structures as well as networks and organisations, all of whom intend to or are already doing business along the axis of business activity between Singapore and Western Australia.