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Singapore Trade Summary

2016

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 2016

Overall Exports and Imports for Singapore 2016

Exports and imports of Singapore in 2016 are below, along with number of countries and products

  • The total value of exports (FoB) was 338,082 million.
  • The total value of imports (CIF) was 291,908 million.
  • At the HS6 digit level, 4,277 products were exported to 219 countries and 4,320 products were imported from 224 countries.

Singapore top 5 Export and Import partners 2016

Top five countries to which Singapore exported in 2016 are below, along with the percent of total exports that went to that country:

  1. Singapore exports to China worth US$ 44,352 million, with a partner share of 13.12 percent.
  2. Singapore exports to Hong Kong, China worth US$ 43,261 million, with a partner share of 12.80 percent.
  3. Singapore exports to Malaysia worth US$ 35,634 million, with a partner share of 10.54 percent.
  4. Singapore exports to Indonesia worth US$ 26,590 million, with a partner share of 7.87 percent.
  5. Singapore exports to United States worth US$ 22,754 million, with a partner share of 6.73 percent.

Top five countries from which Singapore imported goods in 2016 are below, along with percent of total imports that came from the country :

  1. Singapore imports from China worth US$ 40,493 million, with a partner share of 13.87 percent.
  2. Singapore imports from Malaysia worth US$ 32,235 million, with a partner share of 11.04 percent.
  3. Singapore imports from United States worth US$ 30,999 million, with a partner share of 10.62 percent.
  4. Singapore imports from Other Asia, nes worth US$ 23,295 million, with a partner share of 7.98 percent.
  5. Singapore imports from Japan worth US$ 21,291 million, with a partner share of 7.29 percent.

Singapore Top 5 Productsexports imports at HS 6 digit level 2016

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 69,820,646.58 (US$ Thousands).
  2. Singapore exported Petroleum oils, etc, (excl. crude); preparation , worth 36,101,090.44 (US$ Thousands).
  3. Singapore exported Gold in oth semi-manufactured forms,non-monetar , worth 9,522,672.02 (US$ Thousands).
  4. Singapore exported Aircraft parts nes , worth 6,247,015.22 (US$ Thousands).
  5. Singapore exported Transmission apparatus, for radioteleph incorpo , worth 5,310,983.25 (US$ Thousands).

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

  1. Singapore imported Monolithic integrated circuits, nes , worth 50,372,538.07 (US$ Thousands).
  2. Singapore imported Petroleum oils, etc, (excl. crude); preparation , worth 33,069,443.95 (US$ Thousands).
  3. Singapore imported Petroleum oils and oils obtained from bituminou , worth 15,047,424.17 (US$ Thousands).
  4. Singapore imported Gold in oth semi-manufactured forms,non-monetar , worth 9,816,879.40 (US$ Thousands).
  5. Singapore imported Parts of turbo-jets or turbo-propellers , worth 5,512,038.26 (US$ Thousands).

Exports and Imports of Product Groups 2016

Exports and imports of products by stages of processing in 2016 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2016

Tariffs imposed by Singapore in 2016 are below

  • The maximum rate of tariff in percentage on any product was 442.11 percent.
  • The simple average tariff across all products was 0.21 percent.
  • The trade weighted average tariff was 0.07 .
  • The total duty free imports in thousands of US dollars were 278,324,700.61 and duty free tariff line items share was 99.91 percent.

Development Indicators 2016

Key Development Indicators of Singapore in 2016 are below

  • Singapore GDP in current US dollar was 319,030 million.
  • GNI per capita, Atlas method (current US$) was 53,290.00 .
  • Singapore Trade balance: as % of GDP was 26.21.
  • Trade balance in current US$ was 83,610.00 million.
  • Trade as percentage of GDP was 303.14 .
  • Trade in services as percentage of GDP was 97.36 .

Trade Indicators 2016

Trade Indicators for Singapore in 2016 are below

  • Hirschman Herfindahl market concentration index was 0.07.
  • Index of export market penetration was 13.41.
  • World Growth in percentage was -1.35 and Singapore Country Growth was -4.35 .