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Singapore Trade Summary

2019

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

Country and Region
Year
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Imports/Exports


Products

TRADE SUMMARY FOR SINGAPORE 2019

Overall Exports and Imports for Singapore 2019

Exports and imports of Singapore in 2019 are below, along with number of countries and products

  • The total value of exports (FoB) was 390,332 million.
  • The total value of imports (CIF) was 358,975 million.
  • At the HS6 digit level, 4,257 products were exported to 220 countries and 4,307 products were imported from 221 countries.

Singapore top 5 Export and Import partners 2019

Top five countries to which Singapore exported in 2019 are below, along with the percent of total exports that went to that country:

  1. Singapore exports to China worth US$ 51,619 million, with a partner share of 13.22 percent.
  2. Singapore exports to Hong Kong, China worth US$ 44,377 million, with a partner share of 11.37 percent.
  3. Singapore exports to Malaysia worth US$ 41,152 million, with a partner share of 10.54 percent.
  4. Singapore exports to United States worth US$ 34,401 million, with a partner share of 8.81 percent.
  5. Singapore exports to Indonesia worth US$ 27,359 million, with a partner share of 7.01 percent.

Top five countries from which Singapore imported goods in 2019 are below, along with percent of total imports that came from the country :

  1. Singapore imports from China worth US$ 49,033 million, with a partner share of 13.66 percent.
  2. Singapore imports from United States worth US$ 43,939 million, with a partner share of 12.24 percent.
  3. Singapore imports from Malaysia worth US$ 41,690 million, with a partner share of 11.61 percent.
  4. Singapore imports from Other Asia, nes worth US$ 32,376 million, with a partner share of 9.02 percent.
  5. Singapore imports from Japan worth US$ 19,372 million, with a partner share of 5.40 percent.

Singapore Top 5 Productsexports imports at HS 6 digit level 2019

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$ 75,952,597.66 million.
  2. Singapore exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 45,882,931.23 million.
  3. Singapore exported Gold in oth semi-manufactured forms,non-monetar , worth US$ 11,452,170.91 million.
  4. Singapore exported Transmission apparatus, for radioteleph incorpo , worth US$ 8,642,881.42 million.
  5. Singapore exported Parts and accessories of automatic data process , worth US$ 7,436,910.50 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$ 59,026,756.87 million.
  2. Singapore imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 45,907,805.34 million.
  3. Singapore imported Petroleum oils and oils obtained from bituminou , worth US$ 24,222,270.67 million.
  4. Singapore imported Parts of turbo-jets or turbo-propellers , worth US$ 11,082,953.58 million.
  5. Singapore imported Transmission apparatus, for radioteleph incorpo , worth US$ 8,565,686.89 million.

Exports and Imports of Product Groups 2019

Exports and imports of products by stages of processing in 2019 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2019

Tariffs imposed by Singapore in 2019 are below

  • The maximum rate of tariff in percentage on any product was 3,000 percent.
  • The simple average tariff across all products was 1.20 percent.
  • The trade weighted average tariff was 0.39 .
  • The total duty free imports in thousands of US dollars were 305,214,884.31 and duty free tariff line items share was 99.90 percent.

Development Indicators 2019

Key Development Indicators of Singapore in 2019 are below

  • Singapore GDP in current US dollar was 374,386 million.
  • GNI per capita, Atlas method (current US$) was 58,390.00 .
  • Singapore Trade balance: as % of GDP was 28.27.
  • Trade balance in current US$ was 105,828.00 million.
  • Trade as percentage of GDP was 323.52 .
  • Trade in services as percentage of GDP was 113.62 .

Trade Indicators 2019

Trade Indicators for Singapore in 2019 are below

  • Hirschman Herfindahl market concentration index was 0.07.
  • Index of export market penetration was 12.28.
  • World Growth in percentage was -1.13 and Singapore Country Growth was -2.87 .