Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2023
Timeseries: 194 million
Source:TrendEconomy
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Singapore | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2012 - 2023

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2012
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2023
TOTAL. ALL COMMODITIESSingaporeWorldExportsValue (US$)408,393,019,734.00419,931,654,465.02415,418,246,994.09357,941,228,869.16338,081,970,453.75373,238,295,843.56411,743,293,747.48390,331,757,374.41373,683,730,056.06457,081,283,281.54514,966,127,005.21475,348,541,126.79
Value Growth, YoY (%)-0.272.82-1.07-13.83-5.5410.3910.31-5.20-4.2622.3112.66-7.69
ImportsValue (US$)379,722,888,523.00388,046,698,517.07377,937,643,311.02308,121,655,073.49291,908,368,784.57327,690,657,116.71370,503,520,526.98358,974,637,219.11328,624,455,636.33406,318,349,182.04475,412,874,146.48422,419,822,234.11
Value Growth, YoY (%)3.812.19-2.60-18.47-5.2612.2513.06-3.11-8.4523.6417.00-11.14

The value of merchandise exports from Singapore totalled $ 475 billion in 2023. Overall commodity exports from Singapore decreased by 7.69% compared to 2022. Merchandise exports decreased by $ 39 billion (the value of merchandise exports from Singapore amounted to $514 billion in 2022)

Singapore's exports 2023 by country

Top export destinations of commodities from Singapore in 2023:

  • China with a share of 13.7% (65 billion US$)
  • Hong Kong with a share of 10.6% (50 billion US$)
  • USA with a share of 9.45% (44 billion US$)
  • Malaysia with a share of 9.35% (44 billion US$)
  • Indonesia with a share of 7.44% (35 billion US$)
  • Korea with a share of 4.34% (20 billion US$)
  • Other Asia, nes with a share of 4.32% (20 billion US$)
  • Japan with a share of 4.06% (19.3 billion US$)
  • Thailand with a share of 4.01% (19 billion US$)
  • Vietnam with a share of 3.5% (16.6 billion US$)

Exports structure from Singapore in 2023 represented by the following main commodity groups:

  • 34% (161 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 15.5% (74 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 12.3% (58 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 6.79% (32 billion US$): 99 - Commodities not specified according to kind
  • 4.94% (23 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 3.95% (18.7 billion US$): 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin
  • 3.06% (14.5 billion US$): 29 - Organic chemicals
  • 2.65% (12.6 billion US$): 39 - Plastics and articles thereof
  • 2.32% (11 billion US$): 30 - Pharmaceutical products
  • 2% (9.53 billion US$): 33 - Essential oils and resinoids; perfumery, cosmetic or toilet preparations

What did Singapore export in 2023?

Singapore's Top Exports in 2023:

  • 21% ($104 billion): 8542 - Electronic integrated circuits and microassemblies
  • 11.9% ($56 billion): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 4.54% ($21 billion): 8486 - Machines and apparatus of a kind used solely or principally for the manufacture of semiconductor boules or wafers, semiconductor devices, electronic integrated circuits or flat panel displays; machines & apparatus specified in note 11 (C) to this Chapter
  • 3.68% ($17.4 billion): 8411 - Turbo-jets, turbo-propellers and other gas turbines
  • 3.37% ($16 billion): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 2.68% ($12.7 billion): 8541 - Semiconductor devices (e.g. diodes, transistors, semiconductor based transducers); including photovoltaic cells assembled or not in modules or panels, light-emitting diodes (LED) assembled with other LEDs or not, mounted piezo-electric crystals
  • 2.64% ($12.5 billion): 7108 - Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
  • 2.05% ($9.77 billion): 8471 - Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included
  • 1.16% ($5.51 billion): 2106 - Food preparations not elsewhere specified or included

The value of merchandise imports to Singapore totalled $ 422 billion in 2023. Overall commodity imports to Singapore decreased by 11.1% compared to 2022. Merchandise imports decreased by $ 52 billion (the value of merchandise imports to Singapore was equal to $475 billion in 2022)

Singapore's imports 2023 by country

Top trading partners (import sources) of Singapore in 2023:

  • China with a share of 13.9% (58 billion US$)
  • USA with a share of 12.3% (52 billion US$)
  • Other Asia, nes with a share of 11.5% (48 billion US$)
  • Malaysia with a share of 11.2% (47 billion US$)
  • Korea with a share of 6.07% (25 billion US$)
  • Japan with a share of 5.01% (21 billion US$)
  • Indonesia with a share of 3.78% (15.9 billion US$)
  • France with a share of 3.26% (13.7 billion US$)
  • United Arab Emirates with a share of 2.89% (12.2 billion US$)
  • Thailand with a share of 2.84% (12 billion US$)

Imports structure to Singapore in 2023 represented by the following main commodity groups:

  • 31% (131 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 20% (87 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 15.2% (64 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 4.93% (20 billion US$): 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin
  • 3.13% (13.2 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 2.62% (11 billion US$): 29 - Organic chemicals
  • 2.41% (10.2 billion US$): 88 - Aircraft, spacecraft, and parts thereof
  • 1.64% (6.94 billion US$): 39 - Plastics and articles thereof
  • 1.15% (4.88 billion US$): 33 - Essential oils and resinoids; perfumery, cosmetic or toilet preparations
  • 1.07% (4.55 billion US$): 38 - Miscellaneous chemical products

What did Singapore import in 2023?

Singapore's Top Imports in 2023:

  • 20% ($87 billion): 8542 - Electronic integrated circuits and microassemblies
  • 12.5% ($53 billion): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 6.49% ($27 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 5.13% ($21 billion): 8411 - Turbo-jets, turbo-propellers and other gas turbines
  • 3.16% ($13.3 billion): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 2.97% ($12.5 billion): 7108 - Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
  • 2.08% ($8.79 billion): 8471 - Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included
  • 1.83% ($7.76 billion): 8486 - Machines and apparatus of a kind used solely or principally for the manufacture of semiconductor boules or wafers, semiconductor devices, electronic integrated circuits or flat panel displays; machines & apparatus specified in note 11 (C) to this Chapter
  • 1.4% ($5.94 billion): 8807 - Aircraft; parts of goods of heading 8801, 8802 or 8806
  • 1.39% ($5.91 billion): 2711 - Petroleum gases and other gaseous hydrocarbons

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Singapore | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2012 - 2023