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.
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What does China export to Singapore?
| China Exports to Singapore | Value | Year |
|---|---|---|
| Electrical, electronic equipment | $15.27B | 2020 |
| Machinery, nuclear reactors, boilers | $9.39B | 2020 |
| Ships, boats, and other floating structures | $5.42B | 2020 |
| Mineral fuels, oils, distillation products | $5.16B | 2020 |
What does Singapore import from China?
| Singapore Imports from China | Value | Year |
|---|---|---|
| Electrical, electronic equipment | $19.98B | 2020 |
| Machinery, nuclear reactors, boilers | $10.38B | 2020 |
| Mineral fuels, oils, distillation products | $4.95B | 2020 |
| Optical, photo, technical, medical apparatus | $1.36B | 2020 |
How much does Singapore trade with China?
Singapore Exports to China was US$51.61 Billion during 2020, according to the United Nations COMTRADE database on international trade. Singapore Exports to China – data, historical chart and statistics – was last updated on November of 2021.
What is the main trade in Singapore?
Singapore derives most of its revenues from foreign trade. The biggest export product, with 43 percent share, is machinery and equipment. The country also exports petroleum (19 percent); chemical products (13 percent); miscellaneous manufactured articles (8 percent) and oil bunkers (7 percent).
Who is Singapore biggest trading partner?
Singapore top 5 Export and Import partners
| Market | Trade (US$ 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 |
Who does Singapore trade most with?
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.
What countries trade with Singapore?
Top 15
- China: US$51.5 billion (13.8% of Singapore’s total exports)
- Hong Kong: $46.2 billion (12.4%)
- United States: $40.2 billion (10.7%)
- Malaysia: $33.3 billion (8.9%)
- Indonesia: $21.5 billion (5.7%)
- Taiwan: $18.3 billion (4.9%)
- Japan: $17.9 billion (4.8%)
- South Korea: $16.8 billion (4.5%)
Who is China’s biggest investor?
The country is the largest recipient in Asia and the leading investing country in terms of FDI outflows. China’s main investors have remained broadly stable.
FDI STOCKS BY COUNTRY AND BY INDUSTRY.
| Main Investing Countries | 2019, in % |
|---|---|
| The Mainland of China | 69.7 |
| Singapore | 5.5 |
| South Korea | 4.0 |
| Virgin Islands | 3.6 |
Is Singapore an ally of China?
Singapore and China have maintained a long-standing and greatly prioritised close relationship, and partly because of the latter’s growing influence and essentiality in the Asia-Pacific region, specifying that “its common interest with China is far greater than any differences”.
How is Singapore so rich?
Today, the Singapore economy is one of the most stable in the world, with no foreign debt, high government revenue and a consistently positive surplus. The Singapore economy is mainly driven by exports in electronics manufacturing and machinery, financial services, tourism, and the world’s busiest cargo seaport.
What does Singapore produce the most?
Searchable List of Singapore’s Most Valuable Export Products
| Rank | Singapore’s Export Product | 2020 Value (US$) |
|---|---|---|
| 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 |
How is Singapore economy now?
With regards to “above-trend” growth, economists estimate that the Singapore economy has expanded at an average of 2 per cent to 3 per cent in the last several years before the pandemic.On an annual basis, GDP expanded by 15.2 per cent in the second quarter before moderating to 6.5 per cent in the July-Sept period.
What type of economy is Singapore?
The economy of Singapore is a highly-developed free-market economy. Singapore’s economy has been ranked by the World Economic Forum as the most open in the world, the 3rd-least corrupt, and the most pro-business.
Does Singapore have a trade deficit with China?
According to statistics from Enterprise Singapore, Singapore’s external trade and trade with China both dropped in 2020, but China remains its largest trading partner.Singapore’s trade surplus with China in 2020 was S$5.48 billion, up from S$3.53 billion in 2019.
Which country is China largest trading partner?
Searchable Datalist of Countries Consuming China’s Exports
| Rank | Importer | 2019-20 |
|---|---|---|
| 1. | United States | +8.1% |
| 2. | Hong Kong | -2.5% |
| 3. | Japan | -0.4% |
| 4. | Vietnam | +16.1% |
Who does China export to the most?
United States
List of largest trading partners of China
| Rank | Country / Territory | Exports |
|---|---|---|
| 1 | United States | 429.7 |
| 2 | European Union | 375.1 |
| – | ASEAN | 277.9 |
| 3 | Japan | 137.2 |
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).
Who does Singapore import from?
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| Singapore Imports By Country | Value | Year |
|---|---|---|
| China | $47.53B | 2020 |
| Malaysia | $41.87B | 2020 |
| United States | $35.19B | 2020 |
| Japan | $18.14B | 2020 |
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.
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.
