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Singapore Trade Summary

2008

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 2008

Overall Exports and Imports for Singapore 2008

Exports and imports of Singapore in 2008 are below, along with number of countries and products

  • The total value of exports (FoB) was 341,079 million.
  • The total value of imports (CIF) was 323,020 million.
  • At the HS6 digit level, 4,185 products were exported to 145 countries and 4,216 products were imported from 147 countries.

Singapore top 5 Export and Import partners 2008

Top five countries to which Singapore exported in 2008 are below, along with the percent of total exports that went to that country:

  1. Singapore exports to Malaysia worth US$ 41,145 million, with a partner share of 12.06 percent.
  2. Singapore exports to Indonesia worth US$ 36,770 million, with a partner share of 10.78 percent.
  3. Singapore exports to Hong Kong, China worth US$ 35,169 million, with a partner share of 10.31 percent.
  4. Singapore exports to China worth US$ 31,085 million, with a partner share of 9.11 percent.
  5. Singapore exports to United States worth US$ 24,170 million, with a partner share of 7.09 percent.

Top five countries from which Singapore imported goods in 2008 are below, along with percent of total imports that came from the country :

  1. Singapore imports from Malaysia worth US$ 38,183 million, with a partner share of 11.82 percent.
  2. Singapore imports from United States worth US$ 37,919 million, with a partner share of 11.74 percent.
  3. Singapore imports from China worth US$ 33,797 million, with a partner share of 10.46 percent.
  4. Singapore imports from Japan worth US$ 26,416 million, with a partner share of 8.18 percent.
  5. Singapore imports from Korea, Rep. worth US$ 18,135 million, with a partner share of 5.61 percent.

Singapore Top 5 Productsexports imports at HS 6 digit level 2008

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 60,761,991.88 (US$ Thousands).
  2. Singapore exported Monolithic integrated circuits, nes , worth 39,241,475.73 (US$ Thousands).
  3. Singapore exported Monolithic integrated circuits, digital , worth 17,646,723.31 (US$ Thousands).
  4. Singapore exported Parts and accessories of automatic data process , worth 14,743,054.21 (US$ Thousands).
  5. Singapore exported Storage units, whether or not presented with th , worth 6,583,381.27 (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 50,792,646.33 (US$ Thousands).
  2. Singapore imported Petroleum oils and oils obtained from bituminou , worth 36,364,651.42 (US$ Thousands).
  3. Singapore imported Monolithic integrated circuits, nes , worth 34,918,533.72 (US$ Thousands).
  4. Singapore imported Parts and accessories of automatic data process , worth 11,796,498.52 (US$ Thousands).
  5. Singapore imported Monolithic integrated circuits, digital , worth 7,969,182.49 (US$ Thousands).

Exports and Imports of Product Groups 2008

Exports and imports of products by stages of processing in 2008 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2008

Tariffs imposed by Singapore in 2008 are below

  • The maximum rate of tariff in percentage on any product was 413.87 percent.
  • The simple average tariff across all products was 0.15 percent.
  • The trade weighted average tariff was 0.05 .
  • The total duty free imports in thousands of US dollars were 310,586,729.88 and duty free tariff line items share was 99.91 percent.

Development Indicators 2008

Key Development Indicators of Singapore in 2008 are below

  • Singapore GDP in current US dollar was 193,617 million.
  • GNI per capita, Atlas method (current US$) was 37,230.00 .
  • Singapore Trade balance: as % of GDP was 20.66.
  • Trade balance in current US$ was 40,003.00 million.
  • Trade as percentage of GDP was 437.33 .
  • Trade in services as percentage of GDP was 92.82 .

Trade Indicators 2008

Trade Indicators for Singapore in 2008 are below

  • Hirschman Herfindahl market concentration index was 0.05.
  • Index of export market penetration was 13.82.
  • World Growth in percentage was -59.29 and Singapore Country Growth was -19.87 .