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Singapore Trade Summary

2021

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 2021

Overall Exports and Imports for Singapore 2021

Exports and imports of Singapore in 2021 are below, along with number of countries and products

  • The total value of exports (FoB) was 457,474 million.
  • The total value of imports (CIF) was 406,622 million.
  • At the HS6 digit level, 4,213 products were exported to 215 countries and 4,299 products were imported from 225 countries.

Singapore top 5 Export and Import partners 2021

Top five countries to which Singapore exported in 2021 are below, along with the percent of total exports that went to that country:

  1. Singapore exports to China worth US$ 67,747 million, with a partner share of 14.81 percent.
  2. Singapore exports to Hong Kong, China worth US$ 60,147 million, with a partner share of 13.15 percent.
  3. Singapore exports to Malaysia worth US$ 42,130 million, with a partner share of 9.21 percent.
  4. Singapore exports to United States worth US$ 39,317 million, with a partner share of 8.59 percent.
  5. Singapore exports to Indonesia worth US$ 28,801 million, with a partner share of 6.30 percent.

Top five countries from which Singapore imported goods in 2021 are below, along with percent of total imports that came from the country :

  1. Singapore imports from China worth US$ 54,611 million, with a partner share of 13.43 percent.
  2. Singapore imports from Malaysia worth US$ 53,729 million, with a partner share of 13.21 percent.
  3. Singapore imports from Other Asia, nes worth US$ 51,119 million, with a partner share of 12.57 percent.
  4. Singapore imports from United States worth US$ 40,573 million, with a partner share of 9.98 percent.
  5. Singapore imports from Korea, Rep. worth US$ 22,195 million, with a partner share of 5.46 percent.

Singapore Top 5 Productsexports imports at HS 6 digit level 2021

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

  1. Singapore exported Monolithic integrated circuits, digital , worth US$ 110,510,229.96 million.
  2. Singapore exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 41,361,626.84 million.
  3. Singapore exported Gold in oth semi-manufactured forms,non-monetar , worth US$ 14,039,483.79 million.
  4. Singapore exported Transmission apparatus, for radioteleph incorpo , worth US$ 10,656,014.81 million.
  5. Singapore exported Apparatus and equipment for photographic (incl , worth US$ 9,157,489.87 million.

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

  1. Singapore imported Monolithic integrated circuits, digital , worth US$ 91,581,019.51 million.
  2. Singapore imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 46,629,848.31 million.
  3. Singapore imported Petroleum oils and oils obtained from bituminou , worth US$ 22,659,489.87 million.
  4. Singapore imported Gold in oth semi-manufactured forms,non-monetar , worth US$ 12,821,893.51 million.
  5. Singapore imported Transmission apparatus, for radioteleph incorpo , worth US$ 9,565,151.41 million.

Exports and Imports of Product Groups 2021

Exports and imports of products by stages of processing in 2021 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2021

Tariffs imposed by Singapore in 2021 are below

  • The maximum rate of tariff in percentage on any product was 414.38 percent.
  • The simple average tariff across all products was 0.08 percent.
  • The trade weighted average tariff was 0 .
  • The total duty free imports in thousands of US dollars were 291,420,966.57 and duty free tariff line items share was 99.95 percent.

Development Indicators 2021

Key Development Indicators of Singapore in 2021 are below

  • Singapore GDP in current US dollar was 423,797 million.
  • GNI per capita, Atlas method (current US$) was 63,000.00 .
  • Singapore Trade balance: as % of GDP was 35.27.
  • Trade balance in current US$ was 149,453.00 million.
  • Trade as percentage of GDP was 333.34 .
  • Trade in services as percentage of GDP was 120.19 .

Trade Indicators 2021

Trade Indicators for Singapore in 2021 are below

  • Hirschman Herfindahl market concentration index was 0.07.
  • Index of export market penetration was 13.07.
  • World Growth in percentage was 12.59 and Singapore Country Growth was 10.59 .