China, the United States, Indonesia, Malaysia, and Japan are Singapore’s principal trading partners. Entrepôt activities, where goods are transhipped and sometimes processed or manufactured in the immediate area, account for about one-third of Singapore’s export trade.
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Which countries does Singapore export to?
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| Singapore Exports By Country | Value | Year |
|---|---|---|
| China | $51.61B | 2020 |
| Hong Kong | $46.33B | 2020 |
| United States | $40.27B | 2020 |
| Malaysia | $33.40B | 2020 |
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$533 billion (2019) |
Who is Singapore biggest trading partner?
Singapore top 5 Export and Import partners
| Market | Trade (US$ 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 |
Does Singapore trade with us?
Economic and Trade Statistics
Singapore is currently our 17th largest goods trading partner with $57.8 billion in total (two way) goods trade during 2020. Goods exports totaled $26.9 billion; goods imports totaled $30.8 billion. The U.S. goods trade deficit with Singapore was $3.9 billion in 2020.
How is Singapore involved in international trade?
Singapore’s imports are largely composed of electronic components, machinery, chemicals, and manufactured goods. The country exports high value added products such as electronics, fuels, and chemicals its main Import partners are China, Malaysia, the United States, South Korea, Japan and Indonesia.
Where does Singapore import from?
Top 10 Import Countries
| Country | Import USD$ |
|---|---|
| China | $49,032,834,994 |
| United States | $43,939,381,117 |
| Malaysia | $41,689,717,888 |
| Japan | $19,371,888,982 |
What are Singapore top exports?
Searchable List of Singapore’s Most Valuable Export Products
| Rank | Singapore’s Export Product | 2020 Value (US$) |
|---|---|---|
| 1 | Integrated circuits/microassemblies | $86,387,552,000 |
| 2 | Processed petroleum oils | $27,455,933,000 |
| 3 | Gold (unwrought) | $15,769,290,000 |
| 4 | Turbo-jets | $13,728,515,000 |
Which country is the biggest investor in Singapore?
The United States overtook Europe as the Republic’s largest investor region, with 53.4 per cent of Singapore’s fixed asset commitments in 2020. In contrast, Europe accounted for 17.1 per cent of investments secured in 2020, compared with 47.4 per cent in 2019.
Is Singapore friend of India?
Relations between the two countries have traditionally been strong and friendly, with the two nations enjoying extensive cultural and commercial relations.
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.
Is Singapore an American 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.
Does the US protect Singapore?
Singapore has long standing military relations with the United States.On September 23, 2019, Prime Minister Lee Hsien Loong and US President Donald Trump renewed a key defence pact which allows American forces to use Singapore’s air and naval bases, extending it by another 15 years to 2035.
How many British are in Singapore?
There are over 31,000 British nationals and some 700 British companies in Singapore. Many of the major long-term British investors have increased their footprint in Singapore recently, including Barclays, Dyson, HSBC, Rolls Royce, Shell and Standard Chartered.
What does Singapore Import from United States?
| Singapore Imports from United States | Value | Year |
|---|---|---|
| Machinery, nuclear reactors, boilers | $13.45B | 2020 |
| Electrical, electronic equipment | $4.41B | 2020 |
| Aircraft, spacecraft | $3.16B | 2020 |
| Optical, photo, technical, medical apparatus | $3.04B | 2020 |
What does Singapore import from Australia?
Major Australian exports were petroleum (crude and refined), non-monetary gold, meat, milk and cream, aircraft and parts, and food and live animals. Major imports from Singapore were refined petroleum, computers and parts, musical instruments, and integrated circuits. Services are also a key part of our exports.
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.
What does Singapore import from other countries?
Imports The top imports of Singapore are Integrated Circuits ($43.5B), Refined Petroleum ($41.4B), Crude Petroleum ($22.5B), Gold ($10.8B), and Gas Turbines ($8.37B), importing mostly from China ($52.4B), Malaysia ($36.2B), United States ($28.4B), Chinese Taipei ($22.9B), and Japan ($17B).
How many countries does Singapore import from?
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 many countries does Singapore import our food from?
Singapore relies heavily on imported food. About 90 per cent of its food needs come from over 160 countries, spread geographically, according to Agri-Food and Veterinary Authority of Singapore (AVA).
What does Singapore import from Japan?
| Singapore Imports from Japan | Value | Year |
|---|---|---|
| Machinery, nuclear reactors, boilers | $3.36B | 2020 |
| Pearls, precious stones, metals, coins | $2.08B | 2020 |
| Optical, photo, technical, medical apparatus | $945.66M | 2020 |
| Vehicles other than railway, tramway | $722.37M | 2020 |
