Key data points
Last release
—
Observation period
Oct 2024
Next release
—
Forecast
—
Highest
7.97 B SGD on Mar 31, 2015
Lowest
−2.00 B SGD on Oct 31, 1993
About Singapore Balance Of Trade
Singapore economy relies on purchasing of intermediate goods and exporting of high-value added products. Main exports are: machinery and equipment (43 percent of the total exports); petroleum (19 percent) and chemicals (13 percent). Main imports are: machinery and equipment (39 percent of the total imports); petroleum (33 percent); chemical products (7 percent) and miscellaneous manufactured articles (7 percent). In 2017, the biggest trade deficits were recorded with China, Hong Kong, Malaysia, Indonesia and the United States. Singapore did not record surpluses with any country.