Singapore - EXIM

The value of merchandise exports from Singapore totalled $ 374 billion in 2020. Overall commodity exports from Singapore decreased by 3.97% compared to 2019. Merchandise exports decreased by $ 15.5 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% (132 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
• 14% (52 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
• 8.09% (30 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
• 7.08% (26 billion US$): 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
• 3.47% (13 billion US$): 39 - Plastics and articles thereof
• 3.04% (11.4 billion US$): 29 - Organic chemicals
• 2.55% (9.58 billion US$): 33 - Essential oils and resinoids; perfumery, cosmetic or toilet preparations
• 2.37% (8.9 billion US$): 30 - Pharmaceutical products

Singapore's Top Exports in 2020:

• 23% ($86 billion): 8542 - Electronic integrated circuits and micro assemblies.
• 7.32% ($27 billion): 2710 - Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils.
• 4.21% ($15.8 billion): 7108 - Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form.
• 3.66% ($13.7 billion): 8411 - Turbo-jets, turbo-propellers and other gas turbines.
• 2.53% ($9.48 billion): 8525 - Transmission apparatus for radio-telephony, radio-telegraphy, radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras; still image video cameras and other video camera recorders; digital cameras.
• 2.47% ($9.28 billion): 8541 - Diodes, transistors and similar semiconductor devices; photosensitive semiconductor devices, including photovoltaic cells whether or not assembled in modules or made up into panels; light emitting diodes; mounted piezo-electric crystals.
• 2.2% ($8.27 billion): 8479 - Machines and mechanical appliances having individual functions, not specified or included elsewhere in this Chapter.
• 2.13% ($8 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% ($6.25 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 $ 329 billion in 2020. Overall commodity imports to Singapore decreased by 8.18% compared to 2019. Merchandise imports decreased by $ 29 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$)
• Malaysia with a share of 12.7% (41 billion US$)
• 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 5.5% (18.1 billion US$)
• Korea with a share of 4.73% (15.5 billion US$)
• Indonesia with a share of 4.23% (13.9 billion US$)
• France with a share of 3.11% (10.2 billion US$)
• Thailand with a share of 2.96% (9.77 billion US$)
• Germany with a share of 2.68% (8.84 billion US$)

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

• 33% (108 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
• 15.5% (51 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
• 14.9% (49 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
• 6.86% (22 billion US$): 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin
• 4.48% (14.7 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
• 2.19% (7.23 billion US$): 39 - Plastics and articles thereof
• 2.16% (7.12 billion US$): 29 - Organic chemicals
• 1.97% (6.52 billion US$): 88 - Aircraft, spacecraft, and parts thereof
• 1.29% (4.25 billion US$): 33 - Essential oils and resinoids; perfumery, cosmetic or toilet preparations
• 1.28% (4.23 billion US$): 38 - Miscellaneous chemical products

Singapore's Top Imports in 2020:

• 21% ($72 billion): 8542 - Electronic integrated circuits and microassemblies.
• 9.51% ($31 billion): 2710 - Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils 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.
• 4.57% ($15 billion): 8411 - Turbo-jets, turbo-propellers and other gas turbines.
• 4.36% ($14.4 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude.
• 2.87% ($9.46 billion): 8525 - Transmission apparatus for radio-telephony, radio-telegraphy, radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras; still image video cameras and other video camera recorders; digital cameras.
• 2.62% ($8.65 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% ($5.39 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% ($5.2 billion): 8541 - Diodes, transistors and similar semiconductor devices; photosensitive semiconductor devices, including photovoltaic cells whether or not assembled in modules or made up into panels; light emitting diodes; mounted piezo-electric crystals.
• 1.56% ($5.14 billion): 8803 - Parts of goods of heading 88.01 or 88.02.