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Singapore Trade Summary

2018

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 2018

Overall Exports and Imports for Singapore 2018

Exports and imports of Singapore in 2018 are below, along with number of countries and products

  • The total value of exports (FoB) was 411,743 million.
  • The total value of imports (CIF) was 370,504 million.
  • At the HS6 digit level, 4,263 products were exported to 220 countries and 4,314 products were imported from 222 countries.

Singapore top 5 Export and Import partners 2018

Top five countries to which Singapore exported in 2018 are below, along with the percent of total exports that went to that country:

  1. Singapore exports to China worth US$ 50,396 million, with a partner share of 12.24 percent.
  2. Singapore exports to Hong Kong, China worth US$ 48,666 million, with a partner share of 11.82 percent.
  3. Singapore exports to Malaysia worth US$ 44,891 million, with a partner share of 10.90 percent.
  4. Singapore exports to Indonesia worth US$ 32,949 million, with a partner share of 8.00 percent.
  5. Singapore exports to United States worth US$ 31,863 million, with a partner share of 7.74 percent.

Top five countries from which Singapore imported goods in 2018 are below, along with percent of total imports that came from the country :

  1. Singapore imports from China worth US$ 49,634 million, with a partner share of 13.40 percent.
  2. Singapore imports from Malaysia worth US$ 42,775 million, with a partner share of 11.55 percent.
  3. Singapore imports from United States worth US$ 42,103 million, with a partner share of 11.36 percent.
  4. Singapore imports from Other Asia, nes worth US$ 31,418 million, with a partner share of 8.48 percent.
  5. Singapore imports from Japan worth US$ 22,149 million, with a partner share of 5.98 percent.

Singapore Top 5 Productsexports imports at HS 6 digit level 2018

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$ 81,215,353.31 million.
  2. Singapore exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 52,017,770.58 million.
  3. Singapore exported Gold in oth semi-manufactured forms,non-monetar , worth US$ 10,965,229.46 million.
  4. Singapore exported Transmission apparatus, for radioteleph incorpo , worth US$ 8,654,416.12 million.
  5. Singapore exported Parts and accessories of automatic data process , worth US$ 7,252,209.60 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$ 61,892,350.26 million.
  2. Singapore imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 54,345,463.57 million.
  3. Singapore imported Petroleum oils and oils obtained from bituminou , worth US$ 27,935,616.50 million.
  4. Singapore imported Gold in oth semi-manufactured forms,non-monetar , worth US$ 12,174,334.06 million.
  5. Singapore imported Parts of turbo-jets or turbo-propellers , worth US$ 8,951,745.71 million.

Exports and Imports of Product Groups 2018

Exports and imports of products by stages of processing in 2018 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2018

Tariffs imposed by Singapore in 2018 are below

  • The maximum rate of tariff in percentage on any product was 1,467.07 percent.
  • The simple average tariff across all products was 0.58 percent.
  • The trade weighted average tariff was 0.24 .
  • The total duty free imports in thousands of US dollars were 324,672,378.71 and duty free tariff line items share was 99.93 percent.

Development Indicators 2018

Key Development Indicators of Singapore in 2018 are below

  • Singapore GDP in current US dollar was 364,157 million.
  • GNI per capita, Atlas method (current US$) was 58,770.00 .
  • Singapore Trade balance: as % of GDP was 26.56.
  • Trade balance in current US$ was 96,730.00 million.
  • Trade as percentage of GDP was 326.19 .
  • Trade in services as percentage of GDP was 100.70 .

Trade Indicators 2018

Trade Indicators for Singapore in 2018 are below

  • Hirschman Herfindahl market concentration index was 0.07.
  • Index of export market penetration was 12.35.
  • World Growth in percentage was 3.50 and Singapore Country Growth was 5.34 .