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Singapore Trade Summary

2003

Singapore exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR SINGAPORE 2003

Overall Exports and Imports for Singapore 2003

Exports and imports of Singapore in 2003 are below, along with number of countries and products

  • The total value of exports (FoB) was 161,439 million.
  • The total value of imports (CIF) was 136,697 million.
  • At the HS6 digit level, 4,147 products were exported to 141 countries and 4,169 products were imported from 141 countries.

Singapore top 5 Export and Import partners 2003

Top five countries to which Singapore exported in 2003 are below, along with the percent of total exports that went to that country:

  1. Singapore exports to Malaysia worth US$ 23,105 million, with a partner share of 14.31 percent.
  2. Singapore exports to United States worth US$ 20,558 million, with a partner share of 12.73 percent.
  3. Singapore exports to Indonesia worth US$ 16,783 million, with a partner share of 10.40 percent.
  4. Singapore exports to Hong Kong, China worth US$ 14,456 million, with a partner share of 8.95 percent.
  5. Singapore exports to China worth US$ 10,128 million, with a partner share of 6.27 percent.

Top five countries from which Singapore imported goods in 2003 are below, along with percent of total imports that came from the country :

  1. Singapore imports from Malaysia worth US$ 21,551 million, with a partner share of 15.77 percent.
  2. Singapore imports from United States worth US$ 17,983 million, with a partner share of 13.16 percent.
  3. Singapore imports from Japan worth US$ 15,405 million, with a partner share of 11.27 percent.
  4. Singapore imports from China worth US$ 11,068 million, with a partner share of 8.10 percent.
  5. Singapore imports from Indonesia worth US$ 8,479 million, with a partner share of 6.20 percent.

Singapore Top 5 Productsexports imports at HS 6 digit level 2003

The top five exported HS 6 digit level products to world by Singapore along with trade value are:

  1. Singapore exported Petroleum oils, etc, (excl. crude); preparation , worth 12,746,858.51 (US$ Thousands).
  2. Singapore exported Storage units, whether or not presented with th , worth 11,514,467.90 (US$ Thousands).
  3. Singapore exported Transmission apparatus, for radioteleph incorpo , worth 3,424,087.25 (US$ Thousands).
  4. Singapore exported Parts of electronic integrated circuits and mic , worth 1,935,849.92 (US$ Thousands).
  5. Singapore exported Gold in oth semi-manufactured forms,non-monetar , worth 1,828,016.42 (US$ Thousands).

The top five imported HS 6 digit level products from world by Singapore along with trade value are

  1. Singapore imported Petroleum oils, etc, (excl. crude); preparation , worth 9,929,210.99 (US$ Thousands).
  2. Singapore imported Petroleum oils and oils obtained from bituminou , worth 8,323,533.13 (US$ Thousands).
  3. Singapore imported Transmission apparatus, for radioteleph incorpo , worth 3,043,989.86 (US$ Thousands).
  4. Singapore imported Storage units, whether or not presented with th , worth 2,342,383.49 (US$ Thousands).
  5. Singapore imported Aircraft nes of an unladen weight exceeding 15, , worth 2,291,272.42 (US$ Thousands).

Exports and Imports of Product Groups 2003

Exports and imports of products by stages of processing in 2003 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2003

Tariffs imposed by Singapore in 2003 are below

  • The maximum rate of tariff in percentage on any product was 114.95 percent.
  • The simple average tariff across all products was 0.05 percent.
  • The trade weighted average tariff was 0.02 .
  • The total duty free imports in thousands of US dollars were 134,780,974.14 and duty free tariff line items share was 99.78 percent.

Development Indicators 2003

Key Development Indicators of Singapore in 2003 are below

  • Singapore GDP in current US dollar was 97,646 million.
  • GNI per capita, Atlas method (current US$) was 23,440.00 .
  • Singapore Trade balance: as % of GDP was 27.95.
  • Trade balance in current US$ was 27,296.00 million.
  • Trade as percentage of GDP was 377.22 .
  • Trade in services as percentage of GDP was 71.97 .

Trade Indicators 2003

Trade Indicators for Singapore in 2003 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 12.96.
  • World Growth in percentage was 7.11 and Singapore Country Growth was 7.19 .