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 |
Contents
Who are Singapore’s main trading partners?
In 2017, Singapore major trading partner countries for exports were China, Hong Kong, China, Malaysia, Indonesia and United States and for imports they were China, Malaysia, United States, Other Asia, nes and Japan.
Is China Singapore’s largest trading partner?
Since 2013, China has been Singapore’s largest trading partner, and Singapore has been China’s largest foreign investor.
Which countries does Singapore import most from?
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 |
Who is the world’s largest trading partner?
In other parts of the world the European Union or the United States is the largest trading partner, however other leading trading countries may be the most prominent in certain countries. Brazil, Russia and South Africa are becoming increasingly dominant in their respective regional areas.
What is Singapore’s biggest export?
machinery and equipment
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).
What is the main trade of Singapore?
Economy of Singapore
| Statistics | |
|---|---|
| Export goods | Machinery and equipment Electronics and telecommunications Pharmaceuticals and other chemicals Refined petroleum products Chemical products |
| Main export partners | Hong Kong 13.67% China 11.21% Malaysia 9.43% United States 8.45% Indonesia 7.72% (2018) |
| Imports | US$533 billion (2019) |
Is Singapore dependent on trade?
Singapore is one of the most trade-dependent economies globally, reflecting its dual role as a key production node in global value chains (GVCs) as well as its status as a major entrepôt trading hub.
How many countries do Singapore trade with?
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.
How is Singapore so rich?
Today, the Singapore economy is one of the most stable in the world, with no foreign debt, high government revenue and a consistently positive surplus. The Singapore economy is mainly driven by exports in electronics manufacturing and machinery, financial services, tourism, and the world’s busiest cargo seaport.
What does Singapore export to Brazil?
In 2019, Singapore exported $821M to Brazil. The main products exported from Singapore to Brazil were Integrated Circuits ($181M), Pesticides ($117M), and Gas Turbines ($70.5M).
What does Singapore trade with China?
China’s exports to Singapore were textiles, clothing, agriculture produce, petrochemical, metals, electromechanical equipment, feed, coking coal, shipping, machinery supplier, communication equipment and electronic components.
Who is Australia’s biggest trading partner?
China
Today, China is Australia’s largest trading partner in terms of both imports and exports.
Which country has the most traders?
Year-to-Date Total Trade
| Rank | Country | Total Trade |
|---|---|---|
| — | Total, All Countries | 3,338.8 |
| — | Total, Top 15 Countries | 2,505.1 |
| 1 | Mexico | 486.6 |
| 2 | Canada | 484.0 |
What country is the biggest trader?
The United States is the world’s largest trading nation, with over $5.6 trillion in exports and imports of goods and services in 2019.
Which industry is booming in Singapore?
Manufacturing. As the largest industry in Singapore, manufacturing contributes 20-25% of the annual GDP. The significant clusters in the manufacturing industry include chemicals, logistics, electronics, biomedical sciences, and transport engineering.
What does Singapore export to USA?
Leading domestic export categories include: animal fats ($227 million), vegetable oils (excluding soybean) ($160 million), dairy products ($85 million), food preparations ($63 million), and essential oils ($47 million).
Is Singapore’s population growing?
Singapore population is equivalent to 0.08% of the total world population.
Singapore Population (LIVE)
| Date | Yearly Growth Rate (%) |
|---|---|
| 2017 | 0.96 |
| 2018 | 0.87 |
| 2019 | 0.81 |
| 2020 | 0.79 |
Is Singapore a first world country?
It can be defined succinctly as Europe, plus the richer countries of the former British Empire (USA, Canada, Australia, Singapore, New Zealand), Israel, Japan, South Korea, and Taiwan.
Is Singapore a US ally?
U.S.-SINGAPORE RELATIONS
For more than 55 years, the United States and Singapore have forged an expansive and enduring relationship based on mutual economic interests, robust security and defense cooperation, and enduring people-to-people ties.
Why is Singapore trade to GDP so high?
Singapore has the highest trade to GDP ratio in the world (around 400% on average during 2008-11) reflecting its position as a major transhipment hub and the high import intensity of Singapore’s exports.Singapore actively encourages investment through an array of tax and non-tax incentives.
