What are the main imports and exports of Singapore?
Major imports are machinery and transport equipment and crude petroleum, while machinery and refined petroleum products are the major exports. China, the United States, Indonesia, Malaysia, and Japan are Singapore’s principal trading partners.
What is the main trade of Singapore?
Singapore derives most of its revenues from foreign trade. The biggest export product, with 43 percent share, is machinery and equipment. The country also exports petroleum (19 percent); chemical products (13 percent); miscellaneous manufactured articles (8 percent) and oil bunkers (7 percent).
Does Singapore import or export?
Singapore exports of goods and services as percentage of GDP is 175.89% and imports of goods and services as percentage of GDP is 147.63%.
What are the major imports of Singapore?
Imports The top imports of Singapore are Integrated Circuits ($51.1B), Refined Petroleum ($30.2B), Gold ($20.6B), Crude Petroleum ($13B), and Gas Turbines ($8.7B), importing mostly from China ($54B), Malaysia ($36.5B), United States ($25.9B), Chinese Taipei ($24.9B), and Japan ($15.8B).
What are Singapore top exports?
Singapore’s Top 10 Exports
- Gems, precious metals: $20.3 billion (5.4%)
- Plastics, plastic articles: $12.9 billion (3.5%)
- Organic chemicals: $11.4 billion (3%)
- Perfumes, cosmetics: $9.6 billion (2.6%)
- Pharmaceuticals: $8.9 billion (2.4%)
- Miscellaneous food preparations: $6 billion (1.6%)
Who does Singapore import from the most?
China
Top 10 Import Countries
| Country | Import USD$ |
|---|---|
| China | $49,032,834,994 |
| United States | $43,939,381,117 |
| Malaysia | $41,689,717,888 |
| Japan | $19,371,888,982 |
Which country is Singapore biggest trading partner?
Mainland China
In 2021, Mainland China, Malaysia and the US were Singapore’s top trading partners. Singapore’s exports to Mainland China exceeded Singapore’s imports from Mainland China, while Singapore’s imports from Malaysia and US exceeded exports to these trading partners. Made up 82.9% of non-oil domestic exports.
Who is Singapore biggest trading partner?
Singapore top 5 Export and Import partners
| Market | Trade (US$ Mil) | Partner share(%) |
|---|---|---|
| China | 51,619 | 13.22 |
| Hong Kong, China | 44,377 | 11.37 |
| Malaysia | 41,152 | 10.54 |
| United States | 34,401 | 8.81 |
What is Singapore famous for producing?
The Singapore economy is mainly driven by exports in electronics manufacturing and machinery, financial services, tourism, and the world’s busiest cargo seaport.
What are Singapore’s top exports?
Top 10
- Electrical machinery, equipment: US$132.2 billion (35.3% of total exports)
- Machinery including computers: $58.2 billion (15.5%)
- Mineral fuels including oil: $30.3 billion (8.1%)
- Optical, technical, medical apparatus: $20.8 billion (5.6%)
- Gems, precious metals: $20.3 billion (5.4%)
Which countries does Singapore import from?
Singapore trade balance, exports and imports by country In 2019, Singapore major trading partner countries for exports were China, Hong Kong, China, Malaysia, United States and Indonesia and for imports they were China, United States, Malaysia, Other Asia, nes and Japan.
What are major imports and exports of Singapore?
– – machinery and equipment, such as electronics and industrial appliances; – – household products which range from textiles to various house appliances; – – agricultural products, beverages, and foodstuff, as well as raw materials; – – transport equipment and machinery, but also auto vehicles spare parts.
What products does Singapore import?
Electrical machinery,equipment: US$132.2 billion (35.3% of total exports)
What does Singapore import from other countries?
Singapore’s Other Notable Imports. Aircraft – $11.7 billion; Organic Chemicals – $6.9 billion; Motor Vehicles & Parts – $5.4 billion; Cosmetics – $4.4 billion; Pharmaceuticals – $2.9 billion; Singapore’s top import countries of origin are China (14.6%), Malaysia (11.4%), the US (8.93%), Chinese Taipei (6.81%), and Japan (5.52%).
How businesses can import food into Singapore?
– Packaging – Sale by date/expiration date – Labeling requirements – The minimum or permitted levels of certain constituents of each food type