Singapore major exports Singapore’s economic strengths include exports, particularly of IT products and machinery & mechanical appliances, and its competitive and vibrant tourism, retail, and financial Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. This page in: English; Jul 20, 2021 · These two sectors alone account for more than 50% of Singapore's total export turnover. Jan 5, 2024 · Singapore is also a leading investor in the United States, with Singapore FDI stock in the United States was $36. 86 in thousands of US$ The Effectively Applied Tariff Weighted Average (customs duty) for Singapore is 0. 2% of Singapore’s imports from the mainland China. 6 USD bn in the previous month. That dollar amount represents a -3. 4 billion a year earlier. 6 Billion US Dollars along with a 79. Domestic exports dipped by 2. The Major Exporter Scheme (MES) is designed to enhance the competitiveness of Singapore’s export sector Oct 12, 2020 · What does Singapore Imports and Exports? 12 October 2020. The rise followed a decade record surge of The main destination of Integrated Circuits exports from Singapore are: Hong Kong ($36. Singapore is a member of several international trade bodies, including the WTO. (excl. 41B in 2017 to $20. Singapore was ranked 19th on the list of world’s top exporters. exports to Singapore: 2. 55B), Germany ($3. 45% compared to a world Share of Total Merchandise Exports in 2022 Top Trading Partners in 2022 MERCHANDISE TRADE Oil Domestic Exports 18. Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Singapore is a prosperous Southeast Asian country and an international financial centre. 9b Exports $61. In 2022, the total value of exports from Brunei was US$14. 7 billion during 2018. 3 billion surplus. 51B, a 4. Usually, businesses must pay GST upfront on imports and then get a refund from the Inland Revenue Authority of Singapore (IRAS) after submitting their GST reports. 7 per cent in July, reversing the revised 8. 35B), and Belgium ($2. India’s trade balance with Singapore is in positive which is a good sign. You maintain good compliance record with Singapore Customs; You comply with other conditions that Comptroller of GST may impose from time to time; For more details on the qualifying conditions, please refer to Major Exporter Scheme (PDF, 298KB). Aug 16, 2024 · We release monthly trade statistics with the latest analysis of Singapore’s non-oil domestic exports (NODX) and non-oil re-exports (NORX) on a month-on-month and year-on-year basis. Overall, Singapore posted a trade surplus of $45. Singapore Exports to United States - data, historical chart and statistics - was last updated on January of 2025. The Major Exporter Scheme (MES) is administered by the Inland Revenue Authority of Singapore (IRAS). It is also the first top tier offline cross regional event in over a year following the lockdowns across the world in 2020. For the whole of 2022, total merchandise exports rose Merchandise Trade summary statistics data for Singapore (SGP) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year 2019 Singapore has four national languages but English is the language of choice for business. of exports and imports of services respectively for the year (Charts 5a, 5b). Singapore’s imports valued USD 359 million and exports valued USD 390. Understand Singapore’s import regulations and product standards. 5% of overall export of India. 1 per cent, a pullback from the 27. multinationals. Over the past 5 years the exports of Australia to Singapore have increased at an annualized rate of 3. Free and open access to global development data. Indonesia has highly negative net exports and therefore deep international trade deficits for machinery, particularly those related to computers. Singapore Exports to Australia - data, historical chart and statistics - was last updated on January of 2025. Exports The top exports of Singapore are Integrated Circuits ($81. 3B in 2017 to $35. 9B), United States ($28. 25 SGD Million from 1999 until 2024, reaching an all time high of 17510. 01B), United States ($548M), and India ($332M). 9B), and Indonesia ($22. Based on the average exchange rate for 2023, the Singapore dollar appreciated by 1. 8% share of total imports. 0 Bil Mainland China S$ 70 May 29, 2024 · In 2023, Singapore exported approximately 326. Exports of Electronics in Singapore averaged 8760. Around half of all imports are refined petroleum products. Historically, the average for Singapore from 1960 to 2023 is 169. By value, the 15 major product categories listed below represent 90. 5% from US$409. Singapore Exports to China was US$65. 51 In 2020, China’s exports to Singapore amounted to $47. Opportunities for foreign investors. 28B). Other major export-oriented companies based in Singapore spam a diverse range of businesses from investments to telecommunications. Hence, it is unlikely that ASEAN countries would replace the United States as Singapore’s major export market in the foreseeable future. India’s trade balance with Singapore in FY 2015-16 was $367. 17; Petroleum oils and oils obtained from bituminou, worth US$2,170,259. 05 SGD Million in June of 2022 and a record low of 2391. 6pp), financial services (+18. 4% in November from the same month a year earlier, data on Tuesday showed, as shipments of electronics increased while non-electronics declined. Key sectors driving Singapore's service exports to the EU included business management, financial, and transport services. Singapore Major Exports by countryaah · Published June 1, 2019 · Updated November 17, 2019 According to the statistics of CIA FactBook, Singapore exported US$438,736 million worth of goods around the world in 2018. Apr 15, 2018 · Though India and Singapore have been doing great in bilateral trade yet the overall export of India to Singapore is only 2. The main destination of Chemical Products exports from Singapore are: China ($6. 6% against the US dollar since 2019 and appreciated by 1. Nine Indonesian corporations rank among Forbes Global 2000. 7% - as Singapore is a global leader in the production of semiconductors and integrated circuits), petroleum oils (12. 2% in 2025, which is an improvement over 2024’s expected growth of 2. 77 million people, its total 374. 8b Imports $71. Mar 13, 2024 · Singapore's main export destinations for processed petroleum include: Australia ($6. You will find more detailed statistics of Singapore major imports products by HS Code, Total Import Value, and Total Import Share in the table given below: Dec 17, 2024 · Singapore's non-oil domestic exports rose 3. 3% - the country is a major refining centre, processing crude oil from various sources and exporting refined petroleum products such as gasoline, diesel, and jet fuel Nov 22, 2024 · The Global Economy and Its Impact on Singapore’s Exports. S. Over the past 5 years the exports of Singapore to China have decreased at an annualized rate of 0. 0 per cent in 2022. 98B), Belgium ($897M), and United Arab Emirates ($498M). 76 percent in 2022. Total Exports (2021) $457,081,283,281 : Total Imports (2021) Exports $351,200,000,000 (USD) Major Exports machinery and equipment (including electronics), consumer goods, chemicals, mineral fuels The main products that Singapore exported to Malaysia were Refined Petroleum ($11. 32 MB) Chapter 1 - Economic Performance (0. Singapore's principal exports are electronic components, refined petroleum, gold, computers, and packaged medications. S$ 167. 6% China United States Malaysia Exports $88. Nov 7, 2023 · Singapore is a leading global port that promotes international trade by participating in various schemes and initiatives such as ASEAN Free Trade Area (AFTA), the China-Singapore Free Trade Agreement (CSFTA), and the India-Singapore (CECA). The trade growth is 4. Exporting goods to Singapore involves several key steps. As per WTO reports, Singapore is the 36th largest economy in the world. 06B), Petroleum Gas ($1. Over the past 5 years the exports of Singapore to South Africa have increased at an annualized rate of 16. 68M), and Aircraft parts (gliders, balloons, and powered aircraft) ($1. If the centre point of the bubble falls in the green region, then Singapore’s exports to the trading partner exceeds Singapore’s imports. 2B), Integrated Circuits ($7. 33B in 2017 to $8. 4%, from $569M in 2017 to $1. 9M). Singapore is an important partner of the United States and has enjoyed a bilateral Free Trade Agreement (FTA) with Singapore since 2004. 02 MB) Exports of goods and services (current US$) - Singapore from The World Bank: Data. 9 per cent increase in the third quarter. Non-oil domestic exports Feb 16, 2024 · We release monthly trade statistics with the latest analysis of Singapore’s non-oil domestic exports (NODX) and non-oil re-exports (NORX) on a month-on-month and year-on-year basis. Dec 17, 2024 · SINGAPORE: Singapore's non-oil domestic exports (NODX) rose by 3. The following are major infrastructure projects, significant government procurements and business opportunities in Singapore: Construction of Singapore’s Changi Airport Terminal 5 and a third runway scheduled for completion around 2030; Aug 17, 2024 · SINGAPORE - Singapore’s key exports saw an unexpectedly big jump in July, reversing a five-month slide as both electronics and non-electronics shipments grew strongly. 1B), and Gas Turbines ($8. The fastest growing export markets for Semiconductor Devices of Singapore between 2021 and 2022 were Hong Kong ($757M), Malaysia ($325M), and United States ($170M). 9B), Machinery Having Individual Functions ($15. Singapore’s $43. Singapore is an important international air transit hub and gateway to Asia. Dec 21, 2023 · Breakdown of non-oil domestic exports from Singapore in 2023, by commodity (in billion Singapore dollars) Premium Statistic Growth of non-oil domestic exports to leading markets Singapore 2022 Nov 7, 2024 · The country's main exports. 1 billion Singapore dollars, a 13. 16B). Among the rest of the main trading partners, services exports to Japan Singapore Export Data of 2021 suggests that Singapore’s exports were around 308 Billion US Dollars. 84B). Index Formula Nov 22, 2024 · SINGAPORE: Singapore on Friday (Nov 22) cut its non-oil domestic exports (NODX) growth forecast for 2024 amid a weaker-than-expected recovery. 1% compared to 2022. Main Indicators of the Singapore Economy (0. Sep 4, 2024 · South Korea's trade balance with Singapore since FTA 2006-2018; Value of U. 53B), Other business services ($658M), and Insurance services ($122M) being the largest in terms of value. 7M), Gas Turbines ($2. In 2022, Singapore did not export any services to Malaysia. Exports to Singapore 2018 3 II. Applying a continental lens, well over two-thirds (71. 4 billion Singapore dollars worth of chemicals and chemical In comparison, the value of imports exceeds exports for Singapore's trade with the US since 2006. 55; Natural gas, liquefied, worth US$3,489,574. 4pp), and telecommunication, computer & information services (+9. 27 million while the export to Singapore was $6978. 8 billion in refined petroleum, ranking as the world's sixth highest exporter. Singapore Exports to China - data, historical chart and statistics - was last updated on January of 2025. 21B), China ($1. 8b Exports $71. Below is a sample of the major Indonesian conglomerates that Forbes included. 4B), Gold ($13. 76B), and South Korea ($3. This was the first U. 7M in 2017 to $20. Analysts said this was dragged down by a stronger Singdollar, which made exports more decline was due to both domestic exports and re-exports. 99 percent Over the past 5 years the exports of Singapore to India have increased at an annualized rate of 16. 1 billion. Singapore exports for 2021 was $794. 2b Imports $86. The following export product groups represent the highest dollar value in Singaporean global shipments during 2020. The minimum value, 106. . Nov 1, 2024 · China’s main export products to Singapore include mineral fuels, electrical machinery, mechanical equipment, plastics, furniture, steel products, organic chemicals, and bags. Exports of Electronics in Singapore decreased to 12225. 4 per cent in November, reversing a revised 4. The main products that Australia exported to Singapore were Gold ($2. 71 SGD Million in February of 1999. 6%) of overall Singaporean revenues from exports sales. The weights of the index are derived from the distribution of export by commodity in 2023. Electronics grew, while non-electronics saw a Sep 25, 2022 · Given Singapore’s population of 5. 59 Billion during 2023, according to the United Nations COMTRADE database on international trade. 18B to Singapore. 7 per cent contraction in October. 62M). 1 billion in 2020. Services exports to Japan and ASEAN registered robust growth in 2019 Despite declining 7. 47B, a 25. Singapore exports for 2020 was $634. 96B). Singapore Total Exports data is updated monthly, available from Jan 1976 to Nov 2024, with an averaged value of 10. Major Australian exports to Singapore in 2022 included natural gas, gold, animal oil and fats, and financial, professional tech and other business services. 5B). Both electronics and non-electronics grew, according . 4 billion. 54B), and Ethylene Polymers ($2. 19 2 days ago · Visit the Definitions and Notes page to view a description of each topic. 21B in 2022. 91%, from $34. 13 Billion during 2023, according to the United Nations COMTRADE database on international trade. This page in: English; Singapore Exports to United States was US$44. 7%. To apply: Complete and submit this Form GST F10: Application for Major Exporter Singapore trade balance, exports and imports by country and region 2020 In 2020, Singapore major trading partner countries for exports were China, Hong Kong, China, United States, Malaysia and Indonesia and for imports they were China, Malaysia, Other Asia, nes, United States and Japan. Oct 9, 2024 · In 2024, Singapore's top 5 exports, including machinery and equipment, petroleum products, chemical products, miscellaneous manufactured articles, and oil bunkers, continue to drive economic growth, support employment, and foster technological advancement. 22 MB) Table A5. Based on Singapore Traders Data, the top 10 product imports by Singapore shared an import value of 327. 7%, from $53. 3 percent increase from 2022. Singapore Exports By Category - was last updated on Sunday, January 12, 2025. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. Major Indonesian Export Companies. Meanwhile, re-exports declined by 2. 01 in thousands of US$ and total imports of 475,412,874. FTA signed in Asia. 76 percent, based on data from 138 countries. Overall commodity imports to Singapore decreased by 11. Government Filing Requirements In 2018, of the $33. This scheme is designed to alleviate the cash flow of companies that re-export a substantial amount of their imports. 2M in 2022. 8% from $31. Here’s a detailed guide: Research Market Requirements. 4 billion or 14. 82%, from $4. in travel services exports Between 2010 and 2019, the main services export categories driving the growth of Singapore’s services exports were other business services 4 (+42. To shed global trade perspective on recent company performance, the overall value of Singapore’s exported goods increased by 0. 4% of overall Singaporean imports. 95 SGD Million in February of 2024. An island country and sovereign city-state in Southeast Asia, the Republic of Singapore shipped US$475. Singapore's main imports are Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. 51% decline from 2019. 88B), Switzerland ($3. NODX in 2024 is now expected to grow by about 1 per Singapore has adopted the major recommendations of UN SNA 2008. That dollar amount results from a 21. Merchandise Trade summary statistics for Singapore (SGP) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year 2022 Australia-Singapore Trade: In 2022, Australia exported $8. 20 hours ago · Singapore's exports expanded 0. 17B), Vietnam ($2. Consequently, a large share of the compensation of employees and operating surplus, as recorded in national accounts, accrue to foreigners and foreign enterprises. 3 billion worth of exported products around the world in 2023. 23 billion, with the top five exported products being: Petroleum oils, etc. Collectively, that powerful cohort that comprise Singapore’s top 5 imports customers generated over half (50. In 2021, Singapore exported $40. Over the past 5 years the exports of Singapore to Ethiopia have decreased at an annualized rate of 17. Aug 16, 2024 · SINGAPORE: Singapore's non-oil domestic exports (NODX) rose by 15. merchandise trade with Singapore 2000-2010; South Korea: value of goods exported to Singapore since FTA 2006-2017 Main exports include electronic integrated circuits (23. 7B), China ($15B), Malaysia ($7. Jan 18, 2021 · Data released on Monday by Enterprise Singapore, a government agency, shows the benchmark non-oil domestic exports -- total exports minus oil and re-exports -- for 2020 came to 172 billion Dec 18, 2024 · Meanwhile, the United States was Singapore's largest service import source in 2023, with payments totaling 105. 5-billion trade surplus in 2014 has grown by 6% since 2010 when its positive balance stood at $41. Prices used in the index computation, are the prices of goods that physically leave Singapore’s main ports of export; also termed as Free on Board (FOB) prices. 5 - Non-Oil Domestic Exports by Major Products (0. 69B). As per Singapore Export Shipment Data, Singapore exports most of its products to China, Hong Kong and Singapore has adopted the major recommendations of UN SNA 2008. If the centre point (white circle) of the bubble falls in the blue region, it indicates that Singapore’s imports from the trading partner exceeds Singapore’s exports. 08B), and China ($1. crude); preparation, worth US$5,158,794. Jan 4, 2025 · SINGAPORE: Singapore’s non-oil domestic exports (NODX) rose by 18. In 2023, Mainland China, the US and Malaysia were Singapore’s top trading partners. 1% Re-exports 53. 15 in thousands of US$ leading to a positive trade balance of 39,553,252. 0 per cent from the previous year, the EU remained as Singapore’s top export market for services. ONE Esports Singapore Major 2021 is the first Major of the 2021 Dota Pro Circuit season. 6B), China ($51. While the AFTA agreement will provide opportunities for increasing intra-ASEAN trade, it is also expected to improve the climate for foreign direct investment in the region, particularly for U. 55B), United States ($5. 0 USD bn in Nov 2024, compared with 40. 8 per cent contraction in June. Singapore's trade surplus grew 43. This page provides the latest reported value for - Singapore Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. The increase in services exports to these markets was mainly driven by strong growth in exports of Transport services which collectively grew by 35. 4% were exported under a BIS license. 4% Non-Oil Domestic Exports 28. The main destination of Semiconductor Devices exports from Singapore are: Hong Kong ($2. 96 SGD Million in January of 2024. Jun 1, 2018 · Singapore Total Exports recorded 44. In 2015, Singapore exported services to India worth $2. 75%, from $53. 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. 1 billion in U. While Singapore’s export forecast has been adjusted downwards, the broader global economic environment remains a mixed bag. 2B), Malaysia ($35. Singapore trade balance, exports and imports by country 2022 In 2022, Singapore major trading partner countries for exports were China, Hong Kong, China, Malaysia, United States and Indonesia and for imports they were China, Malaysia, Other Asia, nes, United States and Korea, Rep. February’s reading marks a reversal from the return to growth seen the In general, prices are obtained from major exporters of the selected commodities. 8 percentage-points [pp]), transport services (+24. 6% from 2022 to 2023. 03B), Hong Kong ($2. 94 SGD Million in February from 15309. 78B), Chinese Taipei ($5. Jun 12, 2024 · Did you know that Indonesia is the world’s fourth most populous country and the largest economy in Southeast Asia? In 2023, Indonesia achieved a significant milestone by surpassing $200 billion in annual exports, solidifying its position as a major player in global trade. 4 days ago · Singapore - Trade, Manufacturing, Services: Singapore continues to perform its traditional function as a financial intermediary, shipping raw materials such as rubber, timber, and spices from the Southeast Asian region in exchange for finished goods from both within and, especially, outside the region. 3 percent, a decline from 185. 06B), and Burma ($1. 9B in 2022. As an international financial center, Singapore’s exports of finance and insurance services have been boosted by financial sector liberalization in major export markets. 8% increase since 2019 when Singaporean exports totaled $390. Major imports are machinery and transport equipment and crude petroleum, while machinery and Exports in Singapore increased to 55774. The development of the Singapore economy depends heavily on foreign capital, foreign technology and foreign workers. The fastest growing export markets for Integrated Circuits of Singapore between 2021 and 2022 were Malaysia ($3. Data. 8 billion in 2014 to $411. 13 percent. Singapore Exports By Country,exports By Country - was last updated on Thursday, January 2, 2025. Singapore’s exports to Mainland China exceeded Singapore’s imports from Mainland China, while Singapore’s imports from Malaysia and US exceeded exports to these trading partners. Applying for MES. The main products that Singapore exported to South Africa were Refined Petroleum ($791M), Diamonds ($51. Jan 28, 2024 · Top export destinations of commodities from Singapore in 2023: What did Singapore export in 2023? The value of merchandise imports to Singapore totalled $ 422 billion in 2023. 3% drop compared to 2019. The International Monetary Fund (IMF) has projected global economic growth of 3. 11%. Exports of goods and services (% of GDP) - Singapore from The World Bank: Data. Goods imports from Singapore rose significantly to roughly $19. 2B in 2022. The weights of the index are derived from the distribution of export by commodity in 2018. 48B), exporting mostly to Hong Kong ($51. 9 billion in 2022. 37B), Indonesia ($6. Singapore’s top services export markets in 2022 were the United States of America (US), the European Union (EU-27), Japan, ASEAN and Australia. 3 billion. [108] [109] Re-exports accounted for 43% of Singapore's total sales to other countries in 2000. 0b Main Indicators of the Singapore Economy 03 Dec 8, 2015 · These major product supply advantages are root causes for Singapore achieving the world’s thirteenth-biggest surplus during 2014, albeit well behind leader China’s $384. 46B, with Transportation ($1. 21% increase from 2020. The fastest growing export markets for Chemical Products of Singapore between 2021 and 2022 were Germany ($1. Singapore stood as world’s 16 th largest import country and 15 th largest export country in 2019. According to the IMF, Singapore’s GDP per capita exceeded US$84,000 in 2023, one of the highest of any Asian economy. 1B in 2017 to $51. 24B). Apr 1, 2023 · The Major Exporter Scheme (MES) is intended to help enterprises that import and export items on a regular basis. 3% was sold to importers in North America. 78B), and Gold ($1. 4 per cent year-on-year in December 2021, marking the 13th straight month of growth. 4 per cent, reversing from the 19. Exports to Singapore subject to U. 11% and the Most Favored Nation (MFN) Weighted Average tariff is 0. 52B). 72 SGD Million in March from 55264. Feb 26, 2024 · Export value of goods from Singapore 2023, by commodity Import value of goods to Singapore 2023, by commodity Largest merchandise trading partners Singapore 2022, by value Singapore Exports by country 2020 In 2020, major countries to which Singapore exported include China, Hong Kong, China, United States, Malaysia and Indonesia Nov 30, 2021 · The growth of modern services exports has outpaced traditional services exports since 2000, driven by rising demand as well as sector-specific factors. Latest reports are released on the 17th of every month, or on the nearest working day if the 17th is a Saturday, Sunday or public holiday. 81B), and Crude Petroleum ($1. U. 08B), Malaysia ($1. 2% for the full year in 2024, below the 1% forecast by Enterprise Singapore. 18B in 2022. The main products that Singapore exported to Ethiopia were Pesticides ($7. 8 billion in 2021. 9 billion Singapore dollars worth of machinery and transport equipment, followed by 76. Index Formula 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. Top 5 Trading Partners 2021 2022 Oct 31, 2023 · Major export categories, excluding re-exports, include machinery and equipment, mineral fuels, and chemicals, which also figure prominently among Singapore’s major import categories. Over the past 5 years the exports of Singapore to Malaysia have increased at an annualized rate of 0. 7%, from $9. 5% were exported under a BIS license; Worldwide, 0. Gudang Garam (Tobacco) In general, prices are obtained from major exporters of the selected commodities. 74 percent, was reached in 1972 while the maximum of 228. Merchandise Trade statistics 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. 4B in 2022. China’s Top Exports to Singapore, 2023 Singapore’s non-oil domestic exports fell unexpectedly in February, signaling shaky trade momentum at the start of 2024. 9B), Refined Petroleum ($62. 1b Imports $81. Singapore had a total export of 514,966,127. Merchandise trade statistics data for Singapore (SGP) exports, to partner countries including trade value, number of product exported, Partner Share, and share in total products for year 2019 Singapore trade balance, exports and imports by country 2019 In 2019, Singapore major trading partner countries for exports were China, Hong Kong, China, Malaysia, United States and Indonesia and for imports they were China, United States, Malaysia, Other Asia, nes and Japan. 8 per cent increase in the previous quarter. 5 billion in 2022 from $12. 6 USD bn. The main products that Singapore exported to China were Integrated Circuits ($15B), Machinery Having Individual Functions ($5. 2 billion dollars in 2020 exports translates to a formidable 64,900 dollars for every resident in the export-dependent nation. 92 Billion during 2023, according to the United Nations COMTRADE database on international trade. Singapore: Exports of goods and services as percent of GDP: The latest value from 2023 is 174. Singapore’s stronger local currency makes Singapore’s imports paid for in weaker US dollars in 2023 relatively less expensive when converted starting from Singapore dollars. 9M), and Organo-Sulfur Compounds ($27. 0. Singapore Exports to Australia was US$15. 4% were subject to a BIS license requirement. 5%) of Singapore exports by value was delivered to Asian countries while 10. 9pp). Singapore Exports By Country - was last updated on Monday, January 13, 2025. 57B), Malaysia ($6. In comparison, the world average is 45. iou vkmz gkseyib wyzuml zhxusu yhkyq ekavi vgbow tjwqnz vedt