Top 10 Singapore’s major trading partners
- China: US$51.5 billion (13.8%)
- 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: $16.8 billion (4.5%)
Contents
Which country is Singapore’s biggest trading partner?
China
Singapore top 5 Export and Import partners
| Market | Trade (US$ 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 are Singapore major trading partners?
In 2020, Mainland China, Malaysia and the US were Singapore’s top trading partners. Singapore’s exports to Mainland China and the US exceeded Singapore’s imports from these trading partners, while Singapore’s imports from Malaysia exceeded exports to Malaysia. Made up 78.6% of non-oil domestic exports.
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 |
Which 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.
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 are the biggest trading partners in the world?
The United States is the world’s largest trading nation, with over $5.6 trillion in exports and imports of goods and services in 2019.
Which country is China largest trading partner?
Searchable Datalist of Countries Consuming China’s Exports
| Rank | Importer | 2019-20 |
|---|---|---|
| 1. | United States | +8.1% |
| 2. | Hong Kong | -2.5% |
| 3. | Japan | -0.4% |
| 4. | Vietnam | +16.1% |
Who are Malaysia trading partners?
Malaysia top 5 Export and Import partners
| Market | Trade (US$ Mil) | Partner share(%) |
|---|---|---|
| China | 33,690 | 14.15 |
| Singapore | 33,036 | 13.88 |
| United States | 23,150 | 9.72 |
| Hong Kong, China | 16,063 | 6.75 |
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%)
What Singapore imports from India?
| Singapore Imports from India | Value | Year |
|---|---|---|
| Mineral fuels, oils, distillation products | $2.11B | 2020 |
| Machinery, nuclear reactors, boilers | $451.43M | 2020 |
| Pearls, precious stones, metals, coins | $382.00M | 2020 |
| Aluminum | $342.57M | 2020 |
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.
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 | $1.36B | 2020 |
Is Singapore friend of India?
Relations between the two countries have traditionally been strong and friendly, with the two nations enjoying extensive cultural and commercial relations.
Is Singapore a first world country?
It can be defined succinctly as Europe, plus the richer countries of the former British Empire (USA, Canada, Australia, Singapore, New Zealand), Israel, Japan, South Korea, and Taiwan.
Is Singapore dependent on trade?
Singapore is one of the most trade-dependent economies globally, reflecting its dual role as a key production node in global value chains (GVCs) as well as its status as a major entrepôt trading hub.
Which country dominates trade?
TOKYO/BEIJING — The extent of the global economy’s dependence on China is becoming clear. With the coronavirus pandemic disrupting global logistics, there has been growing momentum to reduce dependence on China in supply chains.
Which country has the most traders?
Year-to-Date Total Trade
| Rank | Country | Total Trade |
|---|---|---|
| — | Total, All Countries | 3,338.8 |
| — | Total, Top 15 Countries | 2,505.1 |
| 1 | Mexico | 486.6 |
| 2 | Canada | 484.0 |
Which country has the highest terms of trade?
This statistic shows the 20 countries with the highest trade surplus worldwide in 2020. In 2020, China was the country with the highest trade surplus with approximately 535.37 billion U.S. dollars.
Who are Australia’s main trading partners?
Australia top 5 Export and Import partners
| Exporter | Trade (US$ Mil) | Partner share(%) |
|---|---|---|
| China | 56,947 | 25.71 |
| United States | 26,226 | 11.84 |
| Japan | 15,472 | 6.99 |
| Thailand | 10,667 | 4.82 |
Who is Australia’s biggest trade partner?
China
Today, China is Australia’s largest trading partner in terms of both imports and exports.
