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Singapore Trade Summary

2014

Singapore exports, imports, tariff by year.
Singapore monthly trade data
Singapore quarterly trade data

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 2014

Overall Exports and Imports for Singapore 2014

Exports and imports of Singapore in 2014 are below, along with number of countries and products

  • The total value of exports (FoB) was 415,418 million.
  • The total value of imports (CIF) was 377,938 million.
  • At the HS6 digit level, 4,285 products were exported to 222 countries and 4,324 products were imported from 224 countries.

Singapore top 5 Export and Import partners 2014

Top five countries to which Singapore exported in 2014 are below, along with the percent of total exports that went to that country:

  1. Singapore exports to China worth US$ 54,694 million, with a partner share of 13.17 percent.
  2. Singapore exports to Malaysia worth US$ 50,112 million, with a partner share of 12.06 percent.
  3. Singapore exports to Hong Kong, China worth US$ 45,806 million, with a partner share of 11.03 percent.
  4. Singapore exports to Indonesia worth US$ 38,477 million, with a partner share of 9.26 percent.
  5. Singapore exports to United States worth US$ 23,145 million, with a partner share of 5.57 percent.

Top five countries from which Singapore imported goods in 2014 are below, along with percent of total imports that came from the country :

  1. Singapore imports from China worth US$ 44,448 million, with a partner share of 11.76 percent.
  2. Singapore imports from Malaysia worth US$ 39,068 million, with a partner share of 10.34 percent.
  3. Singapore imports from United States worth US$ 38,287 million, with a partner share of 10.13 percent.
  4. Singapore imports from Other Asia, nes worth US$ 30,080 million, with a partner share of 7.96 percent.
  5. Singapore imports from Korea, Rep. worth US$ 21,822 million, with a partner share of 5.77 percent.

Singapore Top 5 Productsexports imports at HS 6 digit level 2014

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

  1. Singapore exported Monolithic integrated circuits, nes , worth US$ 78,002,341.46 million.
  2. Singapore exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 66,117,568.86 million.
  3. Singapore exported Gold in oth semi-manufactured forms,non-monetar , worth US$ 10,831,876.02 million.
  4. Singapore exported Parts and accessories of automatic data process , worth US$ 6,183,038.74 million.
  5. Singapore exported Parts of electronic integrated circuits and mic , worth US$ 5,703,971.88 million.

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 US$ 72,328,824.67 million.
  2. Singapore imported Monolithic integrated circuits, nes , worth US$ 54,553,564.45 million.
  3. Singapore imported Petroleum oils and oils obtained from bituminou , worth US$ 34,326,201.23 million.
  4. Singapore imported Gold in oth semi-manufactured forms,non-monetar , worth US$ 12,290,283.02 million.
  5. Singapore imported Parts of turbo-jets or turbo-propellers , worth US$ 5,373,005.66 million.

Exports and Imports of Product Groups 2014

Exports and imports of products by stages of processing in 2014 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2014

Tariffs imposed by Singapore in 2014 are below

  • The maximum rate of tariff in percentage on any product was 444.48 percent.
  • The simple average tariff across all products was 0.20 percent.
  • The trade weighted average tariff was 0.07 .
  • The total duty free imports in thousands of US dollars were 366,995,000.86 and duty free tariff line items share was 99.90 percent.

Development Indicators 2014

Key Development Indicators of Singapore in 2014 are below

  • Singapore GDP in current US dollar was 314,851 million.
  • GNI per capita, Atlas method (current US$) was 56,380.00 .
  • Singapore Trade balance: as % of GDP was 23.44.
  • Trade balance in current US$ was 73,800.00 million.
  • Trade as percentage of GDP was 360.47 .
  • Trade in services as percentage of GDP was 101.78 .

Trade Indicators 2014

Trade Indicators for Singapore in 2014 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 13.37.
  • World Growth in percentage was 0.26 and Singapore Country Growth was 0.43 .