Export value of goods from Singapore in 2020, by commodity (in billion Singapore dollars) [Graph]. Singapore's third-quarter GDP came in higher than expected, growing by 4.4% y/y, a full percentage point higher than our forecast of 3.4%. In 2020, Singapore exported approximately 269.8 billion Singapore dollars worth of machinery and equipment, followed by 71.1 billion Singapore dollars . The U.S. deficit in goods and services trade widened by $7.6 billion, to $73.3 billion in September, from $65.7 billion in August (revised down from $70.5 billion). )consumption: 50,742,380,000 kWh (2019 est. A paid subscription is required for full access. Appreciation of the dollar typically produces first a narrowing of the nominal trade balance . China, Malaysia and Taiwan are the top 3 import trading partners of Singapore. It joined the Malaysian Federation in 1963 but was ousted two years later and became independent. The country also exports petroleum (19 percent); chemical products (13 percent); miscellaneous manufactured articles (8 percent) and oil bunkers (7 percent). Singapore's total merchandise trade decreased by 3.2% in 2019, after 2 consecutive years of growth to recent highs (2018: 9.2%, 2017: 11.1%). )wine: 0.27 liters of pure alcohol (2019 est. Profit from the additional features of your individual account. )municipal solid waste recycled annually: 4,699,623 tons (2015 est. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. The economy depends heavily on exports, particularly of electronics, petroleum products, chemicals, medical and optical devices, pharmaceuticals, and on Singapores vibrant transportation, business, and financial services sectors. The value of exports fell by 1.1% while imports rose by 1.5%. Plan an effective marketing strategy by analyzing Singapore top products imports, exports, top trading partners, buyers, suppliers, and shipments. 26.2 Has strong exports. US-China trade war continues to dampen Singapore's exports, after eighth successive decline. The fundament of Singapore's economy is the developed legal framework encouraging foreign investments and the trading activities carried out by the large number of companies in the city-state. Please create an employee account to be able to mark statistics as favorites. Please scroll to Know how can you grow your profits by 25% or more in Total Exports from Singapore to India? note: data are in current year dollars$665.7 billion (2018 est.) )from petroleum and other liquids: 211.115 million metric tonnes of CO2 (2019 est. Singapore Raw materials imports are worth US$ 32,971 . ), $599.2 billion (2020 est.) Learn more about the statistical standards, classifications, concepts and methods adopted by Singapore Department of Statistics, as well as other international classifications. Singapore - Exports - Total of all HS commodities - 2021-05 - 2017-10. . Unemployment is very low. You need at least a Starter Account to use this feature. White label accounts can distribute our data. The increase was mainly attributed to higher amount of Pipeline Natural Gas (PNG) imported (i.e. At the HS6 digit level, 4,239 products were exported to 219 countries and 4,301 products were imported from 225 countries. ), total: 35.6 yearsmale: 35.4 yearsfemale: 35.7 years (2020 est. Instant access to full history data in excel. In 2020, China did not export any services to Singapore. Singapore's exports 2020 by country . As soon as this statistic is updated, you will immediately be notified via e-mail. ), most of the urbanization is along the southern coast, with relatively dense population clusters found in the central areas, focal point for Southeast Asian sea routes; consists of about 60 islands, by far the largest of which is Pulau Ujong; land reclamation has removed many former islands and created a number of new ones, Chinese 74.2%, Malay 13.7%, Indian 8.9%, other 3.2% (2021 est. )imports of goods and services: -149.1% (2017 est. )carbon dioxide emissions: 37.54 megatons (2016 est. Singapore is a signatory of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and a party to the Regional Comprehensive Economic Partnership (RCEP) negotiations with nine other ASEAN members plus Australia, China, India, Japan, South Korea, and New Zealand. )note: data represent population by self-identification; the population is divided into four categories: Chinese, Malay (includes indigenous Malays and Indonesians), Indian (includes Indian, Pakistani, Bangladeshi, or Sri Lankan), and other ethnic groups (includes Eurasians, Caucasians, Japanese, Filipino, Vietnamese), English (official) 48.3%, Mandarin (official) 29.9%, other Chinese dialects (includes Hokkien, Cantonese, Teochew, Hakka) 8.7%, Malay (official) 9.2%, Tamil (official) 2.5%, other 1.4%; note - data represent language most frequently spoken at home (2020 est. Skilled workers are encouraged to stay and are given the opportunity to become permanent residents or citizens. The country, however, imposes restrictions on unskilled and low-skilled workers to ensure they do not establish roots, including prohibiting them from bringing their families and requiring employers to pay a monthly foreign worker levy and security bond. The country has also become increasingly attractive to international students. )note: Singapore's public debt consists largely of Singapore Government Securities (SGS) issued to assist the Central Provident Fund (CPF), which administers Singapore's defined contribution pension fund; special issues of SGS are held by the CPF, and are non-tradable; the government has not borrowed to finance deficit expenditures since the 1980s; Singapore has no external public debt, $63.109 billion (2019 est. Singapore is currently our 17th largest goods trading partner with $57.8 billion in total (two way) goods trade during 2020. )beer: 1.26 liters of pure alcohol (2019 est. Then you can access your favorite statistics via the star in the header. Currently, you are using a shared account. ), $93,400 (2020 est. The economy contracted 0.6% in 2009 as a result of the global financial crisis, but has continued to grow since 2010. Overall imports also grew 17.9 per cent, following February's 4.6 per cent decrease. ), 4.22 migrant(s)/1,000 population (2022 est. )imports: 0 kWh (2020 est. SINGAPORE: Singapore's non-oil domestic exports (NODX) grew at a slower pace of 4.2 per cent in February from a year ago, after hitting a seven-month high of more . As a Premium user you get access to the detailed source references and background information about this statistic. Use Ask Statista Research Service. Singapore is made up of one main island and 63 other small islands, most of which remain uninhabited. Ministry of Trade and Industry - Department of Statistics / 22 Oct 2018. )exports: 1,000 metric tons (2020 est. Export Procedures. )$64.042 billion (2018 est. )exports: 0 kWh (2019 est. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Prepared by our U.S. Embassies abroad. Includes Total Exports on 116 economies standardised by CEIC. Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors. If you decline, your information wont be tracked when you visit this website. )imports: 424,000 metric tons (2020 est. Other revenue sources for the government include are licence and permit fees, government property . Total Starbucks locations globally 2003-2021, U.S. beer market: leading domestic beer brands 2017, based on sales, Revenue and financial key figures of Coca-Cola 2009-2021, Research expert covering Singapore, Indonesia and Malaysia, Profit from additional features with an Employee Account. )$271.8 billion (31 December 2016 est. New, Insights into the worlds most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development. )male: 28% (2020 est. A single cookie will be used in your browser to remember your preference not to be tracked. )subscriptions per 100 inhabitants: 26 (2020 est. )female: 5% (2020 est. Merchandise Trade statistics data for Singapore (SGP) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. )biomass and waste: 2.3% of total installed capacity (2020 est. note: data are in current year dollars, China 16%, Malaysia 11%, United States 9%, Taiwan 7%, Japan 5%, Indonesia 5% (2019), integrated circuits, refined petroleum, crude petroleum, gold, gas turbines (2019), $279.9 billion (31 December 2017 est. Monthly Trade Statistics. )forest: 3.3% (2018 est. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. Exports in Singapore averaged 17642.59 Million SGD from 1964 until 2022, reaching an all time high of 65256.14 Million SGD in July of 2022 and a record low of 197.68 Million SGD in July of 1964. Industry-specific and extensively researched technical data (partially from exclusive partnerships). This was lower than July's S$17.8 billion, although higher than levels a year ago. Key information about Singapore Total Exports. 6.7 Mtoe and 7.4 Mtoe of PNG imported in 2020 and 2021 respectively). Singapore subsequently became one of the world's most prosperous countries with strong international trading links (its port is one of the world's busiest in terms of tonnage handled) and with per capita GDP equal to that of the leading nations of Western Europe. Entry level access to the CEIC platform for individual users. Email: yiukei.chan@trade.gov. )crude oil estimated reserves: 0 barrels (2021 est. To use individual functions (e.g., mark statistics as favourites, set Merchandise Monthly Exports by Country (HS) Are you interested in testing our corporate solutions? The total Singapore imports of the country are around S$464 billion and total exports of the country are around S$519 billion. )major-language sample(s): The World Factbook, the indispensable source for basic information. ), total subscriptions: 1.891 million (2020 est. with its neighboring countries China, Malaysia, Indonesia and Hong Kong, approximately 35% of the city-state's total exports are destined to . )industry: 24.8% (2017 est. )note:estimate does not include children, (2020 est.) Directly accessible data for 170 industries from 50 countries )nuclear: 0% of total installed capacity (2020 est. Singapore's External Trade - May 2022. Singapore's External Trade - August 2022. This page provides the latest reported value for - Singapore Exports - plus previous . )arable land: 0.9% (2018 est. In 2021, Singaporean importers spent the most on the following 10 subcategories of electronic equipment including consumer electronics. )agricultural: 26.376 million cubic meters (2017 est. statistic alerts) please log in with your personal account. ), total population: 86.35 yearsmale: 83.65 yearsfemale: 89.2 years (2022 est. In seasonally adjusted quarter-on-quarter terms, the economy grew 1.5%, a reversal from the 0.2% contraction previously. What country exports the most goods? In 2021, the city-state was the United States' 12th largest export market importing US$35.3 billion worth of goods. #rice. China has been the largest exporter of goods in the world since 2009. Singapores main exporter partners are China (15 percent of total exports), Hong Kong (12 percent), Malaysia (11 percent), Indonesia (8 percent), United States (6 percent) and Japan (5 percent). Direct access to our data from your apps using any programing language. ), production: 0 metric tons (2020 est. Singapore has one of the lowest total fertility rates (TFR) in the world - an average of 1.15 children born per woman - and a rapidly aging population. Singapore Import Export Data 2021-22. Singapore has attracted major investments in advanced manufacturing, pharmaceuticals, and medical technology production and will continue efforts to strengthen its position as Southeast Asia's leading financial and technology hub. 10. Singapore Exports and Imports of Product Groups 2019. )0.4% (2018 est. Export Partners . Singapore is the 5th most visited city in the world, and 2nd in the Asia-Pacific. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. . 0-14 years: 12.8% (male 406,983/female 387,665)15-24 years: 15.01% (male 457,190/female 474,676)25-54 years: 50.73% (male 1,531,088/female 1,618,844)55-64 years: 10.58% (male 328,024/female 328,808)65 years and over: 10.89% (2020 est.) )tide and wave: 0% of total installed capacity (2020 est. ), number of registered air carriers: 4 (2020)inventory of registered aircraft operated by air carriers: 230annual passenger traffic on registered air carriers: 40,401,515 (2018)annual freight traffic on registered air carriers: 5,194,900,000 (2018) mt-km, total: 9over 3,047 m: 22,438 to 3,047 m: 21,524 to 2,437 m: 3914 to 1,523 m: 1under 914 m: 1 (2021), 3,220 km domestic gas (2014), 1,122 km cross-border pipelines (2017), 8 km refined products (2013) (2013), total: 3,500 km (2017)paved: 3,500 km (2017) (includes 164 km of expressways), total: 3,321by type: bulk carrier 576, container ship 514, general cargo 113, oil tanker 699, other 1,419 (2021), major seaport(s): Singaporecontainer port(s) (TEUs): Singapore (37,195,636) (2019)LNG terminal(s) (import): Singapore, Singapore Armed Forces (SAF; aka Singapore Defense Force): Singapore Army, Republic of Singapore Navy, Republic of Singapore Air Force (includes air defense); Ministry of Home Affairs: Singapore Police Force (includes Police Coast Guard and the Gurkha Contingent) (2022)note 1: the Gurkha Contingent of the Singapore Police Force (GCSPF) is a paramilitary unit for riot control and acts as a rapid reaction forcenote 2:in 2022, the SAF announced that it would form a Digital and Intelligence Service (DIS) by the end of the yearnote 3: in 2009, Singapore established a multi-agency national Maritime Security Task Force (MSTF) to work with law enforcement and maritime agencies to guard Singapores waters, including conducting daily patrols, as well as boarding and escort operations in the Singapore Strait; the MSTF is subordinate to the Singapore Navy, 3.2% of GDP (2021 est. ), total: 1,509,700 (2020 est. )1.35945 (2019 est. Visit the Definitions and Notes page to view a description of each topic. Comparison In 2020, Singapore ranked 6 in the Economic Complexity Index (ECI 1.84), and 19 in total exports ($281B). ), Fitch rating: AAA (2003)Moody's rating: Aaa (2002)Standard & Poors rating: AAA (1995), agriculture: 0% (2017 est. Hewlett Packard and Texas Instruments have invested nearly US$10 billion combined. )$561.3 billion (2019 est. Exports and imports of Singapore in 2020 are below, along with number of countries and products. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. In, Singapore Department of Statistics. )note: data represents median age, total: 1.55 deaths/1,000 live birthsmale: 1.71 deaths/1,000 live birthsfemale: 1.38 deaths/1,000 live births (2022 est. Electrical machinery, equipment: US$167.1 billion (36.5% of total exports) Optical, technical, medical apparatus: $22.3 billion (4.9%) Singapore's top 10 exports represent 83.7% of the overall value of its global shipments. Domestic services drove growth, offsetting a slowdown in the key manufacturing sector. )$553.85 billion (2018 est. )permanent crops: 0.1% (2018 est. (male 310,123/female 366,259), total dependency ratio: 34.5youth dependency ratio: 16.5elderly dependency ratio: 18potential support ratio: 5.6 (2020 est. )exports: 550.818 million cubic meters (2020 est. As the country industrialized, however, it loosened restrictions on the immigration of manual workers. From the 1980s through the 2000s, the foreign population continued to grow as a result of policies aimed at attracting foreign workers of all skill levels. More recently, the government has instituted immigration policies that target highly skilled workers. Singapore Total Exports recorded 43.2 USD bn in Sep 2022, compared with 44.1 USD bn in the previous month. 2021 CEIC Data, an ISI Emerging Markets Group Company. Migration has played a key role in Singapores development. As Singapores economy expanded during the 19th century, more and more Chinese, Indian, and Malay labor immigrants arrived. Most of Singapores pre-World War II population growth was a result of immigration. During World War II, immigration came to a halt when the Japanese occupied the island but revived in the postwar years. Policy was restrictive during the 1950s and 1960s, aiming to protect jobs for residents by reducing the intake of low-skilled foreign workers and focusing instead on attracting professionals from abroad with specialist skills. Consequently, the nonresident share of Singapores population plummeted to less than 3%.. Singapore has a highly developed and successful free-market economy. The Singapore government's total revenue is estimated at S$69 billion as of the third quarter of 2017. note: data are in current year dollars$658.54 billion (2019 est.) Year 2022. Instant access to full history data in excel. Find Singapore export statistics and shipment data covers qty., value, and more trade details. When processed food exports are more than half of the agricultural total and higher than the consumer oriented sector it makes Singapore a premium destination for value added foods. )industrial: 336.294 million cubic meters (2017 est. "Export Value of Goods from Singapore in 2020, by Commodity (in Billion Singapore Dollars). Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. 1 Official estimates suggest the country's total exports amounted to $2.641 trillion in 2019.. What makes Singapore so special? SINGAPORE: Singapore's total merchandise trade increased by 19.7 per cent last year, rebounding from contractions in 2020 and 2019, supported by both oil trade amid higher oil prices than a year . Quantity Std. As a Premium user you get access to background information and details about the release of this statistic. Singapore's non-oil exports grew 6% in July 2020, at an annual rate, after expanding 13.9% in the previous month. Singapore was ranked 17th on the list of world's top importers. Executive Summary: Singapore has become one of the most important shipping centers in Asia and is often listed as one of the world's top three oil trading and refining hubs with a total crude oil refining capacity of 1.5 million barrels per day (bbl/d). Southeastern Asia, islands between Malaysia and Indonesia, total: 719 sq kmland: 709.2 sq kmwater: 10 sq km, slightly more than 3.5 times the size of Washington, DC, territorial sea: 3 nmexclusive fishing zone: within and beyond territorial sea, as defined in treaties and practice, tropical; hot, humid, rainy; two distinct monsoon seasons - northeastern monsoon (December to March) and southwestern monsoon (June to September); inter-monsoon - frequent afternoon and early evening thunderstorms, lowlying, gently undulating central plateau, highest point: Bukit Timah 166 mlowest point: Singapore Strait 0 m, agricultural land: 1% (2018 est. You can only download this statistic as a Premium user. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Mr. CHAN Y K, Commercial Specialist. ), fossil fuels: 96.5% of total installed capacity (2020 est. Please check your download folder. note: data are in current year dollars$552.71 billion (2019 est.) What percentage of Singapore is Chinese? machinery and equipment Singapore derives most of its revenues from foreign trade. )1.3699 (2018 est. )proven reserves: 0 cubic meters (2021 est. The biggest export product, with 43 percent share, is machinery and equipment.The country also exports petroleum (19 percent); chemical products (13 percent); miscellaneous manufactured articles (8 percent) and oil bunkers (7 percent). )methane emissions: 4.4 megatons (2020 est. As with most governments, Singapore earns the bulk of its revenue from taxes - income, property, excise and customs duties, as well as GST. Total electronics exports last month fell 6.0 percent from a year earlier, compared with a 6.6 percent . The 20 countries with the highest trade surplus in 2020, Largest services trading partners Singapore 2020, by value. Singapore had a total export of 373,683,730.06 in thousands of US$ and total imports of 328,624,455.64 in thousands of US$ leading to a positive trade balance of 45,059,274.42 in thousands of US$ The Effectively Applied Tariff Weighted Average (customs duty) for Singapore is 0.05% and the Most Favored Nation (MFN) Weighted Average tariff is 0. . The Government of Singapore still expects to greatly expand manufacturing output beyond 2020 and is aiming to reach a total manufacturing output of US$200 billion and total manufacturing value-added of US$50 billion. )other: 95.7% (2018 est. Goods exports totaled $26.9 billion; goods imports totaled $30.8 billion. Singapore Department of Statistics. This increase reverses many months of declining nominal trade balances. Payable monthly by credit card. ), total petroleum production: 0 bbl/day (2021 est. )expenditures: 51.87 billion (2017 est. )subscriptions per 100 inhabitants: 32 (2020 est. Energy products exports fell by 0.9%, from 76.5 Mtoe in 2020 to 75.8 Mtoe in 2021. )proven reserves: 0 metric tons (2019 est. In 2021, the total tourism receipts in Singapore was about 1.89 billion Singapore dollars.