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Singapore Trade Summary

2017

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 2017

Overall Exports and Imports for Singapore 2017

Exports and imports of Singapore in 2017 are below, along with number of countries and products

  • The total value of exports (FoB) was 373,255 million.
  • The total value of imports (CIF) was 327,710 million.
  • At the HS6 digit level, 4,278 products were exported to 218 countries and 4,309 products were imported from 222 countries.

Singapore top 5 Export and Import partners 2017

Top five countries to which Singapore exported in 2017 are below, along with the percent of total exports that went to that country:

  1. Singapore exports to China worth US$ 54,039 million, with a partner share of 14.48 percent.
  2. Singapore exports to Hong Kong, China worth US$ 46,011 million, with a partner share of 12.33 percent.
  3. Singapore exports to Malaysia worth US$ 39,580 million, with a partner share of 10.60 percent.
  4. Singapore exports to Indonesia worth US$ 27,952 million, with a partner share of 7.49 percent.
  5. Singapore exports to United States worth US$ 24,183 million, with a partner share of 6.48 percent.

Top five countries from which Singapore imported goods in 2017 are below, along with percent of total imports that came from the country :

  1. Singapore imports from China worth US$ 45,344 million, with a partner share of 13.84 percent.
  2. Singapore imports from Malaysia worth US$ 38,860 million, with a partner share of 11.86 percent.
  3. Singapore imports from United States worth US$ 34,619 million, with a partner share of 10.56 percent.
  4. Singapore imports from Other Asia, nes worth US$ 27,139 million, with a partner share of 8.28 percent.
  5. Singapore imports from Japan worth US$ 20,485 million, with a partner share of 6.25 percent.

Singapore Top 5 Productsexports imports at HS 6 digit level 2017

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 78,071,964.59 (US$ Thousands).
  2. Singapore exported Petroleum oils, etc, (excl. crude); preparation , worth 45,751,876.85 (US$ Thousands).
  3. Singapore exported Gold in oth semi-manufactured forms,non-monetar , worth 11,309,257.72 (US$ Thousands).
  4. Singapore exported Aircraft parts nes , worth 6,199,794.99 (US$ Thousands).
  5. Singapore exported Transmission apparatus, for radioteleph incorpo , worth 4,606,960.99 (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 57,004,699.24 (US$ Thousands).
  2. Singapore imported Petroleum oils, etc, (excl. crude); preparation , worth 46,729,042.83 (US$ Thousands).
  3. Singapore imported Petroleum oils and oils obtained from bituminou , worth 21,419,911.37 (US$ Thousands).
  4. Singapore imported Gold in oth semi-manufactured forms,non-monetar , worth 11,801,148.74 (US$ Thousands).
  5. Singapore imported Parts of turbo-jets or turbo-propellers , worth 6,303,262.13 (US$ Thousands).

Exports and Imports of Product Groups 2017

Exports and imports of products by stages of processing in 2017 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2017

Tariffs imposed by Singapore in 2017 are below

  • The maximum rate of tariff in percentage on any product was 455.08 percent.
  • The simple average tariff across all products was 0.19 percent.
  • The trade weighted average tariff was 0.07 .
  • The total duty free imports in thousands of US dollars were 324,672,365.16 and duty free tariff line items share was 99.93 percent.

Development Indicators 2017

Key Development Indicators of Singapore in 2017 are below

  • Singapore GDP in current US dollar was 343,273 million.
  • GNI per capita, Atlas method (current US$) was 54,920.00 .
  • Singapore Trade balance: as % of GDP was 26.65.
  • Trade balance in current US$ was 91,488.00 million.
  • Trade as percentage of GDP was 316.48 .
  • Trade in services as percentage of GDP was 102.85 .

Trade Indicators 2017

Trade Indicators for Singapore in 2017 are below

  • Hirschman Herfindahl market concentration index was 0.07.
  • Index of export market penetration was 13.91.
  • World Growth in percentage was 5.17 and Singapore Country Growth was 7.33 .