Post on 24-May-2020
TRADE
SINGAPORE’S
TOTAL MERCHANDISE TRADE AT CURRENT PRICES, 2015 - 2019
Merchandise Trade
In 20193.2% Decreased
S$ 915.2 BilTotal in 2015
S$ 491.8 Bil
S$ 423.4 Bil
S$ 466.9 Bil
S$ 403.3 Bil
S$ 515.0 Bil
S$ 452.1 Bil
S$ 532.5 Bil
S$ 489.7 Bil
S$ 870.2 BilTotal in 2016
S$ 967.1 BilTotal in 2017
S$ 1,055.9 BilTotal in 2018
S$ 1,022.2 BilTotal in 2019
S$ 555.7 Bil
S$ 500.2 Bil
Exports
Imports
Exports
Imports
Exports
Imports
Exports
Imports
Exports
Imports
MERCHANDISE TRADE PERFORMANCE WITH MAJOR TRADING PARTNERS, 2019
Since 2009, the value of exports exceeds imports for Singapore’s trade with China. In comparison, the value of imports exceeds exports for Singapore’s trade with the United States since 2006.
TOP NET EXPORTER TOP NET IMPORTER
100 20 30 50 60 70 80
10
20
30
40
50
60
70
80
0
Imports
Exports
S$ 137.3 Bil
Mainland China
S$ 105.0 Bil
United States
S$ 113.0 Bil
Malaysia
S$ 66.5 Bil
Taiwan
S$ 39.4 Bil
Republic of Korea
S$ 58.6 Bil
Indonesia
S$ 65.3 Bil
Hong Kong
S$ 31.4 Bil
Thailand
S$ 50.5 Bil
Japan
40
NET IMPORTERS
NET EXPORTERS
TOP NET EXPORTER TOP NET IMPORTER
Since 2009, the value of exports exceeds imports for Singapore’smerchandise trade with Mainland China. In comparison, the value of importsexceeds exports for Singapore’s trade with the United States since 2006.
S$ 93.0 Bil
EU
TOP 3 COMMODITY SECTIONS
of non-oil merchandise exports in 2019. of non-oil merchandise imports in 2019.
Machinery &Transport Equipment
Chemicals &Chemical Products
MiscellaneousManufactured Articles
Food &Live Animals
Chemicals &Chemical Products
ManufacturedGoods
Machinery &Transport Equipment
MiscellaneousManufactured Articles
Animal & Vegetable Oils, Fats & Waxes
Beverages &Tobacco
Crude Materials(Excluding Fuels)
NON-OIL MERCHANDISE TRADE BYMAJOR COMMODITY SECTIONS, 2019
Exports
Imports
Exports
Imports
Exports
Imports
Exports
Imports
Exports
Imports
Exports
Imports
Exports
Imports
Exports
Imports
Miscellaneous(Excluding Oil Bunkers)
Exports
Imports
S$ 40.5 Bil10.5%
S$ 48.8 Bil11.0%
S$ 25.1 Bil6.5%
S$ 17.1 Bil3.8%
S$ 11.5 Bil3.0%
S$ 12.8 Bil2.9%
S$ 1.7 Bil0.4%
S$ 0.2 Bil0.1%
S$ 5.0 Bil1.3%
S$ 5.6 Bil1.3%
S$ 3.3 Bil0.8%
S$ 4.3 Bil1.0%
S$ 258.4 Bil58.2%
S$ 236.8 Bil61.2%
S$ 74.8 Bil16.9%
S$ 40.8 Bil10.5%
S$ 22.0 Bil4.9%
S$ 22.4 Bil5.8%
82.2% Machinery &
Transport EquipmentChemicals &
Chemical ProductsMiscellaneous
Manufactured Articles
86.0%
S$ 165.4 Bil
TOTAL
NON-OIL DOMESTIC EXPORTSBY MAJOR COMMODITY SECTIONS, 2019
TOP 3 COMMODITY SECTIONS
Machinery & Transport Equipment
Chemicals &Chemical Products
1 2 3
MiscellaneousManufactured Articles
Made up 80.7% of non-oil domestic exports.
2
Mineral Fuels & Lubricants
S$ 62.4 BilMachinery & TransportEquipment37.7%
S$ 23.2 BilMiscellaneousManufactured Articles14.0%
S$ 47.9 BilChemicals &Chemical Products28.9%
S$ 5.2 BilManufactured Goods3.1%
Share of Non-oilDomestic Exports
S$ 12.9 BilMiscellaneous(Excluding Oil Bunkers)7.8%
S$ 0.6 BilBeverages &Tobacco0.4%
S$ 0.2 BilAnimal & Vegetable Oils, Fats & Waxes0.1%
S$ 10.9 BilFood & Live Animals6.6%
S$ 2.2 BilCrude Materials(Excluding Fuels)1.3%
S$ 278.6 Bil
TOTALNON-OIL RE-EXPORTSBY MAJOR COMMODITY SECTIONS, 2019
TOP 3 COMMODITY SECTIONS
Machinery &Transport Equipment
MiscellaneousManufactured Articles
Chemicals &Chemical Products
1 2 3
Made up 89.2% of non-oil re-exports.
Share of Non-oilRe-Exports
S$ 196.0 BilMachinery &Transport Equipment70.3%
S$ 25.6 BilMiscellaneousManufactured Articles9.2%
S$ 27.0 BilChemicals &Chemical Products9.7%
S$ 11.9 BilManufactured Goods4.3%
S$ 9.1 BilMiscellaneous(Excluding Oil Bunkers)3.3%
S$ 5.0 BilBeverages & Tobacco1.8%
S$ 0.1 BilAnimal & Vegetable Oils,Fats & Waxes< 0.1%
S$ 2.0 BilFood &Live Animals0.7%
S$ 2.1 BilCrude Materials(Excluding Fuels)0.7%
OVERALL EXPORTS AND IMPORTS OF SERVICES,2015-2019
Compound Annual Growth Rates from 2015 to 2019 Services Trade Balance
in 2019
S$ 7.9 Bil
Imports
5.1%Exports
7.3%
50
100
150
200
250
209.6219.5
270.5273.3
234.3248.9
Exports Imports Exports Imports Exports Imports Exports Imports Exports Imports
210.6222.3
S$ Billion
271.5
S$ 432.9 Bil
Total
S$ 429.0 Bil
TotalS$ 483.2 Bil
Total
S$ 550.9 Bil
Total
2015 2016 2017 2018Year 2019
300
S$ 543.8 Bil
Total
279.4
S$ 279.4 Bil
TOTALEXPORTS OF SERVICESBY SERVICES CATEGORY, 2019
S$ 11.1 BilMaintenance AndRepair Services4.0%
S$ 79.7 BilTransport28.5%
S$ 27.4 BilTravel9.8%
S$ 9.0 BilInsurance3.2%
S$ 1.6 BilConstruction
0.6%
S$ 40.1 BilFinancial
14.3%
S$ 20.2 BilTelecommunications,
Computer &Information
7.2%
S$ 11.6 BilCharges For
The Use OfIntellectual Property
4.1%
S$ 27.3 BilBusiness Management
9.8%
S$ 6.9 BilTrade-related2.5%
S$ 43.0 BilOther Services15.4%
S$ 0.4 BilGovernment GoodsAnd Services0.1%
S$ 0.9 BilPersonal, CulturalAnd Recreational
0.3%
S$ 0.3 BilManufacturing ServicesOn Physical InputsOwned by Others0.1%
S$ 271.5 Bil
TOTALIMPORTS OF SERVICESBY SERVICES CATEGORY, 2019
MAJOR SERVICES CATEGORIES
Transport Travel Business Management
Imports
53.8%of Total Imports
Exports
48.1%of Total Exports
Accounted for the bulk of Singapore's trade in services in 2019.
1 2 3
S$ 1.1 BilMaintenance AndRepair Services0.4%
S$ 83.4 BilTransport30.7%
S$ 36.3 BilTravel13.4%
S$ 7.2 BilInsurance2.7%
S$ 0.8 BilConstruction
0.3%
S$ 10.4 BilFinancial
3.8%
S$ 19.8 BilTelecommunications,
Computer &Information
7.3%
S$ 22.0 BilCharges For
The Use OfIntellectual Property
8.1%
S$ 26.2 BilBusiness Management
9.7%
S$ 15.5 BilTrade-related
5.7%
S$ 40.6 BilOther Services14.9%
S$ 0.3 BilGovernment GoodsAnd Services0.1%
S$ 0.7 BilPersonal, CulturalAnd Recreational
0.3%
S$ 7.2 BilManufacturing ServicesOn Physical InputsOwned by Others2.7%
MAJOR TRADING PARTNERSFOR TRADE IN SERVICES, 2018
S$ 28.1 Bil
S$ 22.2 Bil
S$ 23.7 Bil
S$ 11.3 Bil
S$ 20.6 Bil
S$ 13.1 Bil
S$ 21.0 Bil
S$ 10.9 Bil
United States
S$ 15.3 Bil
S$ 4.1 Bil
S$ 9.7 Bil
S$ 5.8 Bil
S$ 13.7 Bil
S$ 11.2 Bil
S$ 3.7 Bil
S$ 3.0 Bil
S$ 5.7 Bil
S$ 4.3 Bil
2018
2014
2018
2014
2018
2014
2018
2014
2018
2014
2018
2014
2018
2014
2018
2014
2018
2014
2018
2014
S$ 9.5 Bil
S$ 6.1 Bil
S$ 47.2 Bil
S$ 35.9 Bil
S$ 13.7 Bil
S$ 6.8 Bil
S$ 6.7 Bil
S$ 5.6 Bil
S$ 14.3 Bil
S$ 10.4 Bil
S$ 8.0 Bil
S$ 10.8 Bil
S$ 12.1 Bil
S$ 7.7 Bil
S$ 7.5 Bil
S$ 6.6 Bil
S$ 15.5 Bil
S$ 9.5 Bil
S$ 6.5 Bil
S$ 3.8 Bil
S$ 7.0 Bil
S$ 5.9 Bil
Australia
United Kingdom
Hong Kong
Netherlands
Switzerland
Mainland China
Japan
India
Exports Imports
Ireland
North America
Europe
Asia
Oceania
2
3
Note: Numbers may not add up to the totals due to rounding.
Last updated in May 2020.
For more information, please refer to the resources at https://www.singstat.gov.sg/find-data/search-by-theme/trade-and-investment