Import data of Singapore
Singapore is a city-state on an island in Southeast Asia's maritime region. Singapore was ranked 16th in the world in terms of global imports in 2020. Singapore imported products of USD 329 billion in 2020, a -8.3 percent decrease from the previous year, according to import statistics from Singapore. According to trade data from Singapore, the country bought items worth USD 359 billion in 2019.
Considering Singapore's population of over 5.8 million people, the total value of Singapore's imports in 2020 equated to approximately USD 57,000 in yearly sales volume per person in the strategically located Asian nation.
Singapore's major imports include machinery and equipment, mineral fuels and oils, foodstuffs, and consumer products. As per Singapore trade data, Singapore's largest import partners are China, the European Union, Malaysia, the United States, and Japan.
Singapore import data includes useful information on all market components such as a trading partner, HS Code, product, import value, import quantity, and so on. Singapore import statistics may also be used to examine import traffic at various Singapore ports, including information on the mode of transport. Overall, Singapore trade data comprises all crucial columns that may help you comprehend every facet of the Singapore market.
Top Imports of Singapore:
According to Singapore import data, the top ten import commodities in 2020 were Electrical Machinery & Equipment (33%), Machinery (16%), Mineral Fuels & Oils (14.9%), Pearls and Precious Stones (6.8%), Optical, Photographic, Medical Equipment (3.8%), Plastics & Articles (2.1%), Organic Chemicals (2.1%), Aircraft, Spacecraft & Parts (1.9%), Essential Oils & Resinoids (1.2%), and Miscellaneous Chemicals ( (1.2 percent ).
Top importers of Singapore:
China (USD 47.4 billion), Malaysia (USD 41.8 billion), Taipei, Chinese (USD 36.3 billion), United States (USD 35.1 billion), Japan (USD 18.1 billion), South Korea (USD 15.5 billion), Indonesia (USD 13.9 billion), France (USD 10.2 billion), Thailand (USD 9.7 billion), and Germany are Singapore's top ten import sources in 2020, according to Singapore import data (USD 8.8 billion).
Export data of Singapore:
Singapore is a federal island city-state in Southeast Asia's maritime region. It boasts a thriving free-market economy. Singapore was the 15th largest exporter country in the world in 2020, according to Singapore export data.
According to the most recent Singapore trade data, Singapore's exports totaled USD 374.2 billion in 2020, a -4.1 percent decrease from 2019. Singapore delivered goods of USD 390.3 billion to nations throughout the world in 2019. Given Singapore's population of 5.77 million, the total value of exports in 2020 equated to almost USD 64,900 for each inhabitant of the export-dependent nation.
Singapore's biggest export items, according to Singapore trade data, include machinery and equipment, electronics and telecommunications, pharmaceutical products, and refined petroleum products and chemical goods. According to Singapore shipment data, the biggest export partners in Singapore are Hong Kong, the European Union, Malaysia, and the United States.
Singapore export data includes all market components, from product to numerical values of traded commodities, to assist you in analyzing the country's commercial activity. Singapore trade data may also be used to identify and evaluate Singapore's major export partners. If you want to know which Singapore ports handle the most export traffic, you may look up Singapore cargo data on ports. Overall, Singapore's export data is a valuable source for gaining a broader view of the country's export developments.
Top exports of Singapore:
According to Singapore trade statistics, the top ten exports in 2020 were Electrical Machinery & Equipment (35.3 percent), Machinery (15.5 percent), Mineral Fuels & Oils (8.1 percent), Optical, Photographic, Medical Equipment (5.5 percent), Pearls & Precious Stones (5.4 percent), Plastics (3.4 percent), Organic Chemicals (3.0 percent), Essential Oils and Resinoids (2.5 percent), Pharma Products (2.5 percent), and Miscellaneous Edible Preparations (2.5 percent) (2.3 percent ).
Top exporters of Singapore:
China (USD 51.4 billion), Hong Kong (USD 46.2 billion), the United States (USD 40.1 billion), Malaysia (USD 33.3 billion), Indonesia (USD 21.4 billion), Taipei, Chinese (USD 18.2 billion), Japan (USD 17.8 billion), South Korea (USD 16.7 billion), Thailand (USD 14.1 billion), and Vietnam top the list of Singapore's top ten export destinations in 2020. (USD 12.4 billion).
Latest Trends of Singapore Export-Import:
Singapore exported SGD41.6B and imported SGD39.1B in January 2022, resulting in an SGD2.44B positive trade balance. Singapore's exports climbed by SGD7.37 billion (21.5 percent) between January 2021 and January 2022, from SGD34.2 billion to SGD41.6 billion, while imports increased by SGD8.51 billion (27.8 percent) from SGD30.6 billion to SGD39.1 billion.
Singapore's top exports in January 2022 were Electrical Machinery Apparatus & Appliances Nes... (SGD17.8B), Petroleum & Products & Related Materials (SGD4.59B), Oil Bunkers (SGD2.58B), Office Machines & Automatic Data-processing Machines (SGD2.19B), and Telecommunications & Sound-recording & Reproducing Apparatus.. (SGD1.78B). Singapore's top imports in January 2022 were Electrical Machinery Apparatus & Appliances Nes... (SGD15.4B), Petroleum & Products & Related Materials (SGD8.67B), Office Machines & Automatic Data-processing Machines (SGD1.87B), Telecommunications & Sound-recording & Reproducing Apparatus... (SGD1.64B), and Miscellaneous Manufactured Articles Nes.. (SGD1.59B).