Overall Exports and Imports for Singapore 2023
- The total value of exports (FOB) is US$ 475,349 million.
- The total value of imports (CIF) is US$ 422,420 million.
- At the HS6 digit level, 4,237 products are exported to 223 countries and 4,325 products are imported from 226 countries.
Top 5 Products exports imports at HS 6 digit level 2023
The top five exported HS 6 digit level products to world by Singapore along with trade value are:
- Singapore exported Monolithic integrated circuits, digital , worth 102,624,779.17 (US$ Thousands).
- Singapore exported Petroleum oils, etc, (excl. crude); preparation , worth 56,937,795.19 (US$ Thousands).
- Singapore exported Machines & mechanical appliances nes having ind , worth 20,992,028.96 (US$ Thousands).
- Singapore exported Transmission apparatus, for radioteleph incorpo , worth 14,499,997.67 (US$ Thousands).
- Singapore exported Gold in oth semi-manufactured forms,non-monetar , worth 11,483,876.29 (US$ Thousands).
The top five imported HS 6 digit level products from world by Singapore along with trade value are
- Singapore imported Monolithic integrated circuits, digital , worth 84,463,445.19 (US$ Thousands).
- Singapore imported Petroleum oils, etc, (excl. crude); preparation , worth 53,128,996.32 (US$ Thousands).
- Singapore imported Petroleum oils and oils obtained from bituminou , worth 27,442,345.21 (US$ Thousands).
- Singapore imported Transmission apparatus, for radioteleph incorpo , worth 11,872,499.28 (US$ Thousands).
- Singapore imported Parts of turbo-jets or turbo-propellers , worth 10,850,575.44 (US$ Thousands).
Singapore top 5 Export and Import partners 2023
The top five countries to which Singapore exported 2023 along with the partner share in percentage are:
- Singapore exports to China worth US$ 65,585 million, with a partner share of 13.80 percent.
- Singapore exports to Hong Kong, China worth US$ 50,413 million, with a partner share of 10.61 percent.
- Singapore exports to United States worth US$ 44,923 million, with a partner share of 9.45 percent.
- Singapore exports to Malaysia worth US$ 44,454 million, with a partner share of 9.35 percent.
- Singapore exports to Indonesia worth US$ 35,368 million, with a partner share of 7.44 percent.
The top five countries to which Singapore imported goods 2023 along with the share in percentage are
- Singapore imports from China worth US$ 58,788 million, with a partner share of 13.92 percent.
- Singapore imports from United States worth US$ 52,063 million, with a partner share of 12.32 percent.
- Singapore imports from Other Asia, nes worth US$ 48,622 million, with a partner share of 11.51 percent.
- Singapore imports from Malaysia worth US$ 47,607 million, with a partner share of 11.27 percent.
- Singapore imports from Korea, Rep. worth US$ 25,660 million, with a partner share of 6.07 percent.
Singapore Exports and Imports of Product Groups 2023
Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import.
- Singapore Raw materials exports are worth US$ 3,097 million, product share of 0.65%.
- Singapore Raw materials imports are worth US$ 34,650 million, product share of 8.20%.
- Singapore Intermediate goods exports are worth US$ 72,874 million, product share of 15.33%.
- Singapore Intermediate goods imports are worth US$ 61,057 million, product share of 14.45%.
- Singapore Consumer goods exports are worth US$ 113,513 million, product share of 23.88%.
- Singapore Consumer goods imports are worth US$ 113,667 million, product share of 26.91%.
- Singapore Capital goods exports are worth US$ 253,494 million, product share of 53.33%.
- Singapore Capital goods imports are worth US$ 209,162 million, product share of 49.52%.
Singapore Trade Indicators 2023
- Hirschman Herfindahl Market concentration index is 0.07.
- Index of export market penetration is 0.07.
- World Growth in percentage is 0.07 and Singapore Country Growth is -4.14.
Singapore Service Trade data from WDI 2023
- Singapore, Service imports (BoP, current US$) is 326,272,472,258.77.
- Singapore, Service exports (BoP, current US$) is 358,222,475,982.42.
- Singapore, Imports of goods and services as percentage of GDP is 144.13 %.
- Singapore, Exports of goods and services as percentage of GDP is 181.56 %.