Singapore Trade

Latest trade data available from various sources.

Please note: The data from various sources are not from the same year.
Singapore monthly trade data
Singapore quarterly trade data

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For viewing trade, tariff data for country or region by year click here.
Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

TRADE SUMMARY FOR Singapore

2020

Overall Exports and Imports

Exports
Exports (in US$ Mil) 373,684
No. Of products 4,239
No. Of partners 219
Imports
Imports (in US$ Mil) 328,624
No. Of products 4,301
No. Of partners 225

Trade Indicator

HH Market concentration index0.07
Index of export market penetration12.31
World Growth-3.91
Country Growth-2.46

Service Indicators 2020

Service imports (BoP, current US$)172,689,211,144.60
Service exports (BoP, current US$)187,564,459,530.47
Imports of goods and services (% of GDP)144.32
Exports of goods and services (% of GDP)176.24

Singapore top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
China51,339 13.74
Hong Kong, China46,194 12.36
United States40,226 10.76
Malaysia33,264 8.90
Indonesia21,428 5.73
Exporter Trade (US$ Mil) Partner share(%)
China47,368 14.41
Malaysia41,706 12.69
Other Asia, nes36,283 11.04
United States35,154 10.70
Japan18,108 5.51

Singapore Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials2,984 0.80 21,386 6.51 0.00
Intermediate goods68,870 18.43 55,105 16.77 0.00
Consumer goods79,275 21.21 77,741 23.66 0.32
Capital goods202,231 54.12 171,321 52.13 0.00

Top 5 Products exports imports at HS 6 digit level

Exports
Monolithic integrate ...84,844,704.22
Petroleum oils, etc, ...27,391,562.13
Gold in oth semi-man ...15,662,673.92
Transmission apparat ...8,691,791.49
Parts and accessorie ...7,106,820.36
Imports
Monolithic integrate ...69,309,911.35
Petroleum oils, etc, ...31,234,549.72
Gold in oth semi-man ...15,247,573.12
Petroleum oils and o ...14,376,394.88
Transmission apparat ...8,793,428.69

Tariff and Trade Barriers for Singapore

Tariffs 2020

No. Of Tariff Agreement 25
Simple Average (%) 0.17
Duty Free Imports (US$ Thousand) 292,220,150.16
Maximum Rate (%) 417.32
Weighted Average (%) 0.05
Duty Free Tariff Lines Share (%) 99.90

Overall Trade Restrictiveness Index (OTRI) 2009

OTRI »
Overall Trade Restrictiveness Index - MFN Tariff (2009)0.14
Overall Trade Restrictiveness Index - Applied Tariff (2009)0.14

Services Service Policy Restrictive Database (SPRD)

SPRD »
Services Trade Restrictions Index - Over All...

Non-Tariff Measures (NTM) 2015

No Of NTM Measures (2015)48
No Of NTM Affected Products (HS 6 Digit) (2015)5,205

Temporary Trade Barriers Database (TTDB)

TTDB »
Temporary Trade Barriers in Effect - Simple Average...
Temporary Trade Barriers in Effect - Weighted Average...

World Development Indicators (WDI)

2020 WDI »
Population5,638,676
GDP (current US$ Mil)339,998
GNI per capita, Atlas method (current US$)54,920.00
Trade Balance (current US$ Mil)108,521.00
Trade Balance (% of GDP)31.92

Doing Business

2019 Doing Business »
Ease of Doing Business Rank2
Trading Across Borders Rank47

Country Policy and Institutional Assessment (CPIA)

CPIA »
CPIA Trade Ratings...

Logistics Performance Index (LPI)

2016 LPI »
LPI Score4.14
LPI Rank5