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Singapore: Trade Statistics

Exporter Rank

14 / 138

Importer Rank

15 / 138

Trade Balance Rank

13 / 138

Total Trade [1]

Total Exports (2021) $457,081,283,281
Total Imports (2021) $406,318,349,182
Trade Balance (2021) $50,762,934,099
Exports of goods and services (% of GDP) (2022) [2] 186.55%
Imports of goods and services (% of GDP) (2022) [2] 150.31%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
China $67,688,609,088
Hong Kong $60,095,748,750
Malaysia $42,094,240,813
United States $39,283,071,619
Indonesia $28,776,343,096
South Korea $19,683,527,518
Japan $18,339,334,343
Vietnam $15,657,349,969
Thailand $15,608,782,423
Australia $13,027,304,316

Import Partners

Top 10 Import Countries

Country Import USD$
China $54,569,845,689
Malaysia $53,689,200,977
United States $40,542,803,047
South Korea $22,178,330,615
Japan $21,787,674,580
Indonesia $15,201,317,832
United Arab Emirates $12,537,312,623
France $11,513,296,928
Germany $10,285,112,453
Thailand $9,797,749,339

Traded Goods [1] (at the 2-digit HS Code level)

Top 10 Export Goods

HS Code Export USD$
(85) Electrical Machinery $166,996,608,487
(84) Industrial Machinery $69,176,717,783
(27) Oil & Mineral Fuels $45,936,654,418
(99) Items nesoi $24,562,111,080
(90) Precision Instruments $22,332,517,426
(71) Precious Stones & Metals $21,100,604,750
(39) Plastics $15,903,660,015
(29) Organic Chemicals $13,745,052,958
(33) Cosmetics $10,386,826,183
(30) Pharmaceuticals $10,262,686,226

Top 10 Import Goods

HS Code Import USD$
(85) Electrical Machinery $137,865,678,841
(27) Oil & Mineral Fuels $75,397,835,931
(84) Industrial Machinery $59,912,023,773
(71) Precious Stones & Metals $21,516,338,026
(90) Precision Instruments $14,764,525,381
(29) Organic Chemicals $8,982,350,233
(39) Plastics $8,303,390,906
(38) Chemical Products $5,402,292,247
(88) Aircraft $4,991,678,683
(99) Items nesoi $4,849,653,573

Sources:

  1. UN Comtrade (2021) except where stated otherwise.
  2. The World Bank. Accessed: 10/8/2023
Singapore