Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2022
Timeseries: 194 million
Source:TrendEconomy
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Singapore | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2009 - 2020

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2020
TOTAL. ALL COMMODITIESSingaporeWorldExportsValue (US$)269,832,461,127.00351,867,167,059.00409,503,630,545.00408,393,019,734.00419,931,654,465.02415,418,246,994.09357,941,228,869.16338,081,970,453.75373,238,295,843.56411,743,293,747.48390,331,757,374.41373,683,730,056.06
Value Growth, YoY (%)-20.2030.4016.38-0.272.82-1.07-13.83-5.5410.3910.31-5.20-4.26
ImportsValue (US$)245,784,668,235.00310,791,133,594.00365,770,490,720.00379,722,888,523.00388,046,698,517.07377,937,643,311.02308,121,655,073.49291,908,368,784.57327,690,657,116.71370,503,520,526.98358,974,637,219.11328,624,455,636.33
Value Growth, YoY (%)-23.1326.4417.693.812.19-2.60-18.47-5.2612.2513.06-3.11-8.45

The value of merchandise exports from Singapore totalled $ 373 billion in 2020. Overall commodity exports from Singapore decreased by 4.26% compared to 2019. Merchandise exports decreased by $ 16.6 billion (the value of merchandise exports from Singapore amounted to $390 billion in 2019)

Singapore's exports 2020 by country

Top export destinations of commodities from Singapore in 2020:

  • China with a share of 13.7% (51 billion US$)
  • Hong Kong with a share of 12.3% (46 billion US$)
  • USA with a share of 10.7% (40 billion US$)
  • Malaysia with a share of 8.9% (33 billion US$)
  • Indonesia with a share of 5.73% (21 billion US$)
  • Other Asia, nes with a share of 4.87% (18.2 billion US$)
  • Japan with a share of 4.77% (17.8 billion US$)
  • Korea with a share of 4.48% (16.7 billion US$)
  • Thailand with a share of 3.77% (14.1 billion US$)
  • Vietnam with a share of 3.32% (12.4 billion US$)

Exports structure from Singapore in 2020 represented by the following main commodity groups:

  • 35% (131 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 15.5% (58 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 8.09% (30 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 5.55% (20 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 5.44% (20 billion US$): 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin
  • 5.42% (20 billion US$): 99 - Commodities not specified according to kind
  • 3.45% (12.9 billion US$): 39 - Plastics and articles thereof
  • 3.06% (11.4 billion US$): 29 - Organic chemicals
  • 2.55% (9.55 billion US$): 33 - Essential oils and resinoids; perfumery, cosmetic or toilet preparations
  • 2.38% (8.92 billion US$): 30 - Pharmaceutical products

What did Singapore export in 2020?

Singapore's Top Exports in 2020:

  • 23% ($86 billion): 8542 - Electronic integrated circuits and microassemblies
  • 7.33% ($27 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
  • 4.22% ($15.7 billion): 7108 - Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
  • 3.67% ($13.7 billion): 8411 - Turbo-jets, turbo-propellers and other gas turbines
  • 3.1% ($11.6 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
  • 3.01% ($11.2 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
  • 2.47% ($9.24 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
  • 1.95% ($7.31 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
  • 1.66% ($6.23 billion): 3304 - Beauty or make-up preparations and preparations for the care of the skin (other than medicaments), including sunscreen or sun tan preparations; manicure or pedicure preparations

The value of merchandise imports to Singapore totalled $ 328 billion in 2020. Overall commodity imports to Singapore decreased by 8.45% compared to 2019. Merchandise imports decreased by $ 30 billion (the value of merchandise imports to Singapore was equal to $358 billion in 2019)

Singapore's imports 2020 by country

Top trading partners (import sources) of Singapore in 2020:

  • China with a share of 14.4% (47 billion US$)
  • Malaysia with a share of 12.6% (41 billion US$)
  • Other Asia, nes with a share of 11% (36 billion US$)
  • USA with a share of 10.6% (35 billion US$)
  • Japan with a share of 5.51% (18.1 billion US$)
  • Korea with a share of 4.73% (15.5 billion US$)
  • Indonesia with a share of 4.24% (13.9 billion US$)
  • France with a share of 3.1% (10.2 billion US$)
  • Thailand with a share of 2.97% (9.77 billion US$)
  • Germany with a share of 2.68% (8.82 billion US$)

Imports structure to Singapore in 2020 represented by the following main commodity groups:

  • 33% (108 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 16% (52 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 14.9% (49 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 6.87% (22 billion US$): 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin
  • 3.89% (12.7 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 2.18% (7.18 billion US$): 39 - Plastics and articles thereof
  • 2.16% (7.1 billion US$): 29 - Organic chemicals
  • 1.97% (6.5 billion US$): 88 - Aircraft, spacecraft, and parts thereof
  • 1.29% (4.24 billion US$): 33 - Essential oils and resinoids; perfumery, cosmetic or toilet preparations
  • 1.28% (4.23 billion US$): 38 - Miscellaneous chemical products

What did Singapore import in 2020?

Singapore's Top Imports in 2020:

  • 21% ($71 billion): 8542 - Electronic integrated circuits and microassemblies
  • 9.5% ($31 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
  • 5.05% ($16.6 billion): 7108 - Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
  • 4.58% ($15 billion): 8411 - Turbo-jets, turbo-propellers and other gas turbines
  • 4.37% ($14.3 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 3.54% ($11.6 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
  • 2.45% ($8.05 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
  • 1.63% ($5.37 billion): 8473 - Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 84.69 to 84.72
  • 1.57% ($5.18 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
  • 1.57% ($5.15 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

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Singapore | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2009 - 2020