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Singapore Trade Summary

2022

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 2022

Overall Exports and Imports for Singapore 2022

Exports and imports of Singapore in 2022 are below, along with number of countries and products

  • The total value of exports (FoB) was 514,966 million.
  • The total value of imports (CIF) was 475,413 million.
  • At the HS6 digit level, 4,232 products were exported to 219 countries and 4,325 products were imported from 226 countries.

Singapore top 5 Export and Import partners 2022

Top five countries to which Singapore exported in 2022 are below, along with the percent of total exports that went to that country:

  1. Singapore exports to China worth US$ 63,969 million, with a partner share of 12.42 percent.
  2. Singapore exports to Hong Kong, China worth US$ 57,780 million, with a partner share of 11.22 percent.
  3. Singapore exports to Malaysia worth US$ 51,586 million, with a partner share of 10.02 percent.
  4. Singapore exports to United States worth US$ 45,306 million, with a partner share of 8.80 percent.
  5. Singapore exports to Indonesia worth US$ 37,230 million, with a partner share of 7.23 percent.

Top five countries from which Singapore imported goods in 2022 are below, along with percent of total imports that came from the country :

  1. Singapore imports from China worth US$ 62,984 million, with a partner share of 13.25 percent.
  2. Singapore imports from Malaysia worth US$ 59,404 million, with a partner share of 12.50 percent.
  3. Singapore imports from Other Asia, nes worth US$ 57,545 million, with a partner share of 12.10 percent.
  4. Singapore imports from United States worth US$ 51,577 million, with a partner share of 10.85 percent.
  5. Singapore imports from Korea, Rep. worth US$ 30,625 million, with a partner share of 6.44 percent.

Singapore Top 5 Productsexports imports at HS 6 digit level 2022

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 119,647,755.95 (US$ Thousands).
  2. Singapore exported Petroleum oils, etc, (excl. crude); preparation , worth 63,470,195.26 (US$ Thousands).
  3. Singapore exported Machines & mechanical appliances nes having ind , worth 20,547,678.51 (US$ Thousands).
  4. Singapore exported Gold in oth semi-manufactured forms,non-monetar , worth 13,276,813.78 (US$ Thousands).
  5. Singapore exported Transmission apparatus, for radioteleph incorpo , worth 11,995,738.71 (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, digital , worth 104,432,657.26 (US$ Thousands).
  2. Singapore imported Petroleum oils, etc, (excl. crude); preparation , worth 62,489,454.19 (US$ Thousands).
  3. Singapore imported Petroleum oils and oils obtained from bituminou , worth 34,014,894.13 (US$ Thousands).
  4. Singapore imported Gold in oth semi-manufactured forms,non-monetar , worth 15,864,592.53 (US$ Thousands).
  5. Singapore imported Transmission apparatus, for radioteleph incorpo , worth 11,310,892.56 (US$ Thousands).

Exports and Imports of Product Groups 2022

Exports and imports of products by stages of processing in 2022 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2022

Tariffs imposed by Singapore in 2022 are below

  • The maximum rate of tariff in percentage on any product was 374.66 percent.
  • The simple average tariff across all products was 0.23 percent.
  • The trade weighted average tariff was 0.11 .
  • The total duty free imports in thousands of US dollars were 385,954,886.23 and duty free tariff line items share was 99.85 percent.

Development Indicators 2022

Key Development Indicators of Singapore in 2022 are below

  • Singapore GDP in current US dollar was 466,789 million.
  • GNI per capita, Atlas method (current US$) was 67,200.00 .
  • Singapore Trade balance: as % of GDP was 36.24.
  • Trade balance in current US$ was 169,176.00 million.
  • Trade as percentage of GDP was 336.86 .
  • Trade in services as percentage of GDP was 117.80 .

Trade Indicators 2022

Trade Indicators for Singapore in 2022 are below

  • Hirschman Herfindahl market concentration index was 0.07.
  • Index of export market penetration was 12.69.
  • World Growth in percentage was 5.18 and Singapore Country Growth was 4.45 .