statistics singapore - infographic - singapore's ... · s$ 0.8 bil construction 0.3% s$ 10.4...

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$ 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


ManufacturedGoods



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


Machinery & Transport Equipment


1 2 3


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





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

https://www.singstat.gov.sg/find-data/search-by-theme/trade-and-investment

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