Major imports of singapore 5 percent), petroleum products (9. 72 SGD Million in March from 55264. If the centre point (white circle) of the bubble falls in the blue region, it indicates that Singapore’s imports from the trading partner exceeds Singapore’s exports. 9 USD bn in Nov 2024; View Singapore's Total Imports from Jan 1964 to Nov 2024 in the chart: Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. The country’s lesser import trading partners include Italy, France, Spain, the United Kingdom, Indonesia, South Africa, and other countries within Asia and Europe. 2B, resulting in a positive trade balance of SGD3. Imports in Sudan averaged 715418. 4. 95B, a 16. 8% for 2023, down from the average 2. 45%) from SGD43. 98T (8. 2 trill The top export opportunities for Indonesia according to the relatedness index, were Coconut and Other Vegetable Fibers (0. [105] China was Singapore's main import partner, as well as its largest export market in 2021. Singapore trade balance, exports and imports by country and region 2020 In 2020, Singapore major trading partner countries for exports were China, Hong Kong, China, United States, Malaysia and Indonesia and for imports they were China, Malaysia, Other Asia, nes, United States and Japan. 7% - as Singapore is a global leader in the production of semiconductors and integrated circuits), petroleum oils (12. Market Overview $555. Arrange for Cargo Clearance. 2GW of electricity, which was already above the Nov 23, 2022 · China imports these goods primarily from South Korea, Japan, and Singapore. South Korea's trade balance with Singapore since FTA 2006-2018; Value of U. 3% of overall Indian imports. Machinery/equipment: $131. 9 billion total agricultural and related product import in 2022 5. Apr 15, 2018 · India’s export to Singapore grew by 23% in the last fiscal year in comparison to overall growth in export of 4%. 13 SGD Million in November of 2015. Precious Metals and Gems. 44 billion what are the main imports of singapore. Main import partners are: China (19 percent), Singapore (12 percent), European Union (10 percent), the United States (8. The import value for this category is approximately $400 million. 4%) then machinery including computers (up 1. May 29, 2024 · In 2023, Singapore imported approximately 281. Hence this enormous amount of imports supports the country’s information technology and electronic sector industry. Its largest exporter, Vietnam exported $399B, which corresponds to 20. Index Formula The Maldives mainly imports fuel, aircraft, wood, prefabricated buildings, iron and steel, telecommunication equipment, vegetables and cement. Soybeans: Soybeans are a crucial import for China, totaling around $40 billion in 2021. In 2020, the United States’ exports to Sri Lanka amounted to $497 million or 3. 8% in 2022. 27M). 07B. 3%) Machinery for making semi-conductors: $7. That dollar amount represents a -29. Processed petroleum oils: US$10. 3 percent ($1. Prices used in the index computation, are the prices of goods that physically leave Singapore’s main ports of export; also termed as free on board prices. Singapore’s imports figures. 27), and Cassava (0. Imports 36195. 5M), Poland ($16. 2 million, China still held a commanding share of 21. 98B (-16. Imports In 2022, Singapore imported $227M in Rice, becoming the 49th largest importer of Rice in the world. 2B to SGD40. Merchandise Trade statistics for Singapore (SGP) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. Over the past 5 years the exports of Singapore to India have increased at an annualized rate of 16. Singapore Imports from India - data, historical chart and statistics - was last updated on January of 2025. 7 per cent rise the previous year. 29 SGD Million in January of 2024. Malaysian imports represent roughly 1% of total global imports which totaled $25. 3 days ago · In 2022, while the value slightly decreased to USD 151. 9 million total population in 2023 Euromonitor reports that after strong economic performance in 2021, Singapore experienced a considerable slowdown in 2022, due to persisting global supply chain disruptions, rising inflation and […] Dec 21, 2023 · Export value of goods from Singapore in 2023, by commodity (in billion Singapore dollars) Premium Statistic Import value of goods to Singapore 2023, by commodity Indonesia’s top 10 imports generated over two-thirds (67. Singapore’s other main sources of services imports in 2022 were the EU-27, Mainland China, ASEAN and Hong Kong. 1 billion) more than 2021, and 66 percent greater than 2012 levels. 11%. 6% over the past five years, but Canada's share in Singapore's trade remained low at 0. Singapore beef imports by major supplier Singapore Imports from China was US$58. 5M), Ukraine ($11. and stabilised import demand from Australia following a short . 2% of overall Singaporean imports. Singapore Major Imports Products Singapore Top Imports. 4% of Philippines’ imports from Singapore. 3% - the country is a major refining centre, processing crude oil from various sources and exporting refined petroleum products such as gasoline, diesel, and jet fuel Imports from Australia in Singapore decreased to 754. 18B in 2022. 61% decline from 2022. Soybeans are used as animal feed and for the production of various food products. Jun 12, 2024 · In this blog, we will delve into a comprehensive overview of Indonesia’s trade data, examining its key trading partners, main exports and imports, and the latest trends shaping its trade dynamics. Overview In October 2024 United Kingdom exported £34. 5B to £64. Nov 7, 2023 · The Major Exporter Scheme (MES) can help businesses ease cash flow by suspending the Goods and Services Tax (GST) on non-dutiable goods at the point of import. 41B in 2017 to $20. Philippines’ Main Imports from Singapore. 3 billion (31. The closest trading partners for petroleum products are typically Singapore, South Korea, and Japan. It is also the first top tier offline cross regional event in over a year following the lockdowns across the world in 2020. By value, the 15 major product categories listed below represent 96. 9M), India ($72. FTA signed in Asia. 9 million total population in 2023 Euromonitor reports that after strong economic performance in 2021, Singapore experienced a considerable slowdown in 2022, due to persisting global supply chain disruptions, rising inflation and […] Apr 1, 2024 · The top 10 products imported to Singapore in 2024 are integrated circuits, refined petroleum, crude petroleum, gold, machinery with individual functions, broadcasting equipment, petroleum gas, diamonds, jewelry, and raw aluminum. The primary trading partners for organic chemical imports are China, Saudi Arabia, and Singapore. electronics imports grew (2. 8%, respectively, of its total import origins. 4 billion (up 8. Organic Chemicals: Brunei imports a significant volume of organic chemicals for various applications. SINGAPORE: Singapore’s total merchandise trade - driven by both oil trade and non-oil trade - grew 17. This page provides the latest reported value for - Singapore Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Malaysia’s Main Imports from Singapore. By value, the 15 major product categories listed below represent 83. 37M). That leading quintet of major Malaysian imports amounted to 36. India Import data (2021-22) $495. 27), Jute and Other Textile Fibers (0. Total merchandise trade reached S$1. Indonesia’s Main Imports from Singapore. 15 in thousands of US$ leading to a positive trade balance of 39,553,252. At the same year, Chemical Products was the 3rd most imported product in Singapore . In 2023, bilateral trade between China and Singapore amounted to US$108. . By value, the 15 major product categories listed below represent 84. Ensure your freight forwarder coordinates the clearance and delivery of goods. Singapore imports Rice primarily from: Thailand ($77. 4M), and China ($7. Singapore has been the largest source of new investments in China for 11 consecutive years since Merchandise Trade statistics for Singapore (SGP) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. 51% decline from 2019. At the same year, Rice was the 192nd most imported product in Singapore . According to Singapore Import Statistics, Singapore top 10 import commodities in 2021 were Electrical Imports of goods and services represent the value of all goods and other market services received from the rest of the world. 7%) Overview In November 2024 Singapore exported SGD43. 4B in 2022. 54B), and Ethylene Polymers ($2. 6B. 39 billion. Total Imports (2021) $406,318,349,182 Singapore Imports and Exports. Index Formula imports in 2020–21 contracted 3% year-on-year, largely due to . Singapore exports for 2023 was $873. 6 billion in 2022, 11. Exports in Singapore increased to 55774. 0 per cent). In the latest reports, Singapore Total Imports grew 6. to Singapore were in the research and development services, professional and management services, and intellectual property sectors. anthem medicaid ky dental providers; faith church young adults; your message to the hiring manager answer; what are the main imports of singapore. 5% drop compared to 2019. 5% gain compared to 2020. (c) Import goods belonging to your overseas principal which will later be re-exported by you as a section 33A agent. 9 billion in 2022. Canada agri-food export to Singapore has seen a positive trend, with a compound annual growth rate (CAGR) of 14. See also Singapore’s Top Trading Partners, Singapore’s Top 10 Imports, Singapore’s Top 10 Major Export Companies and China’s Top Trading Partners Research Sources: Imports in Singapore increased to 51118 SGD Million in March from 49291. 5%) of Singapore exports by value was delivered to Asian countries while 10. Electronic equipment: $4. Singapore is a member of several international trade bodies, including the WTO. 8B to Singapore. The trade growth is 4. India Import data (2022-23) $715. By value, the 15 major product categories listed below represent 87. Pay Duties and GST. Exports $351,200,000,000 (USD) Major Exports Major Imports machinery and equipment, mineral fuels, chemicals, foodstuffs Jan 5, 2024 · Singapore is also a leading investor in the United States, with Singapore FDI stock in the United States was $36. In 2020, Indonesia’s exports to Singapore amounted to $14 billion or 4. 7% of overall Indonesian imports. Applying a continental lens, well over two-thirds (71. The port of Melbourne is the major seaport of Australia responsible for carrying the largest cargo volumes. The main products that Malaysia exported to Singapore were Integrated Circuits ($17. (b) Import goods belonging to your overseas principal for supply (either in Singapore or for export) in the capacity of a section 33(2) agent. May 29, 2024 · In 2023, machinery and transport equipment made up the largest commodity out of Singapore's non-oil re-exports, with a value of approximately 257. India Import data (2023-24) $675. In 2022, the US continued to be Singapore’s largest trading partner for services imports with payments to the US amounting to $92. The following Exports to Singapore in India increased to 169. Imports In 2022, Singapore imported $27. 79 Billion during 2023, according to the United Nations COMTRADE database on international trade. Explore the Singapore export goods list and its Major exports from Singapore 2024, along with insights into Singapore's top exports and trading partners. The leading gainers from 2022 to 2023 among Indonesia’s top 10 import categories were cereals (up 33. Singapore Customs Jul 20, 2021 · Singapore's port is one of the busiest ports in the world. The country has little to no import restrictions or non-tariff barriers beyond the standards set by international organizations (OIE and Codex). MES is granted when you import goods under the following scenarios: Import your own goods in the course or furtherance of your business; Import goods belonging to your overseas principal for sale in Singapore or re-export on behalf of the overseas principal, in the course or furtherance of the business (i. 1% of the total exports. 83% of global imports). On the other hand, imports in 2014 were valued at $277. Puerto Rico relies on U. 8% of Taiwan’s imports from Singapore. Snack food import market share to Singapore 2017, by country of origin; Leading food retailers by market share Singapore 2023; Peanut imports in Singapore 2006-2016 May 27, 2022 · SINGAPORE: With Malaysia set to impose curbs on chicken exports from Jun 1, Singapore’s food supply has come into sharp focus. 17 MB) Dec 1, 2021 · Food Imports. Key Contacts. 2B, while imports increased by SGD1. 2 billion worth of goods from around the world. That dollar amount represents a 14. Malaysia-Singapore Trade: In 2022, Malaysia exported $53. 392 trillion calculated for one year earlier in 2022. In 2022, Singapore was the world's leading importer of Other Glass ONE Esports Singapore Major 2021 is the first Major of the 2021 Dota Pro Circuit season. Singapore exports for 2020 was $634. 7B. Singapore’s imports valued USD 359 million and exports valued USD 390. currency (the dollar), and the U. 93 Billion during 2023, according to the United Nations COMTRADE database on international trade. Overview In October 2024 Philippines exported $6. Industrial Machinery trading partners. 4 billion or 7. 75 INR Billion from 1991 until 2024, reaching an all time high of 169. 4M), Japan ($9. 47B, a 25. The government provides certain subsidies and incentives for domestic food production to reduce dependency on foreign imports. Turbo-jets: US$21. 1% for 2022 according to International Monetary Fund statistics. 52B). 08 SGD Million in April of 2022 and a record low of 265. In turn, the decline in electronics imports was due to a drop in the imports of IC, PCs and parts of PCs. 3M), Vietnam ($53. India is a key global hub for gold product manufacturing and gems trading. 7% drop compared to 2019. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. That dollar amount represents a -18. 5% of India’s imports from the United States. 0% gain compared to 2019. Applicable to all GST-registered businesses, the scheme is integrated under the umbrella of Singapore Customs (SC) and overseen by the Inland Revenue Authority of Singapore (IRAS). The main products that Singapore exported to China were Integrated Circuits ($15B), Machinery Having Individual Functions ($5. 8%) from £41. Japan, the United States, and Malaysia are also major sources of imports for Indonesia. 8 billion (down -28. Sep 3, 2023 · Oil imports get refined in Singapore for both domestic use and re-export. Import. Singapore's Top 10 Imports. Merchandise Trade summary statistics data for Singapore (SGP) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year 2019 Imports of goods and services (% of GDP) - Singapore from The World Bank: Data Imports in Sudan increased to 1121991 USD Thousand in December from 975717 USD Thousand in November of 2022. 0 % YoY, to 44. 70B 2023 Machinery, nuclear reactors, boilers Mar 13, 2024 · Discover the top export products of Singapore, including its Largest export products of Singapore and Singapore's main exports, with a comprehensive list of Top 10 Singapore export products. In 2020, Singapore’s exports to Indonesia amounted to $12. 61%) from MYR126B to MYR128B, while imports increased by MYR2. 2 billion, an increase of 8. 83 billion. 10 importance of internal trade The main products that Singapore exported to India were Coal Briquettes ($2. 27), Tin Ores (0. Singapore’s Main Machinery Imports Including Computers. 81B), and Crude Petroleum ($1. Overview In October 2024 Malaysia exported MYR128B and imported MYR116B, resulting in a positive trade balance of MYR12B. 2B. The Maldives’ main imports partners are the United Arab Emirates, Singapore, India, Malaysia, Sri Lanka, China, Thailand and United States. 33B in 2017 to $8. Singapore’s exports to Mainland China exceeded Singapore’s imports from Mainland China, while Singapore’s imports from Malaysia and US exceeded exports to these trading partners. 6%, 4%, 3. 4B to $12. riverside to rancho cucamonga; what are the main imports of singapore. 0 billion SGD. 01 in thousands of US$ and total imports of 475,412,874. Sri Lanka’s Main Imports from the US. The weights of the index are derived from the distribution of export by commodity in 2023. 28), Cocoa Beans (0. 9B to SGD43. 5 billion Singapore dollars. 3 percent) and machinery, appliances and parts (8. 29 SGD Million from 2014 until 2024, reaching an all time high of 1455. 6%), items made from iron or steel (up 9. Oct 12, 2020 · What does Singapore Imports and Exports? 12 October 2020. Australia Imports from Singapore - data, historical chart and statistics - was last updated on January of 2025. 1% of the Asian countries total import purchases in 2023. 2% of overall Sri Lankan imports. source: Reserve Bank Of India Imports In 2022, Singapore imported $200M in Eggs, becoming the 5th largest importer of Eggs in the world. Major companies exporting urea to Vietnam include Samsung, LIVEN NUTRIENTS, SOL 2 days ago · Puerto Rico - Trade, Economy, Tourism: Trade generates about one-tenth of the GDP and employs one-fifth of the workforce, whereas finance, real estate, and insurance create roughly one-fifth of the GDP but employ less than one-twentieth of the workforce. Following China, other major import sources include Hong Kong, Singapore, Japan, and the United States. 96B (5. Highly tech-friendly, Singapore imports an average of $66 billion in computer and electronic products annually. Meanwhile, non-electronics imports rose due to the imports of non-electric engines & motors, jewellery and works of art. 1% of overall Taiwanese imports. Federal Reserve Bank regulates its money supply and rates of foreign exchange Sep 14, 2023 · Singapore is Indonesia's second-largest source of imports, accounting for over 10% of total imports as per Indonesia import data. Singapore had a total export of 514,966,127. 61%) from MYR113B to MYR116B. Singapore-China Trade: In 2022, Singapore exported $51. 7 per cent in 2022, shrinking from the 19. 00 USD Thousand in December of 2020 and a record low of 174078. That dollar amount represents a -25. 26B (11%) from $11. Between October 2023 and October 2024 the exports of United Kingdom have decreased by £-6. Test Your Knowledge. That dollar amount represents a -16. 38 USD Thousand from 2003 until 2022, reaching an all time high of 1520244. Between November 2023 and November 2024 the exports of Singapore have decreased by SGD-636M (-1. 38% of global exports) and imported $1. 4% of Indonesia’s total imports. This page provides the latest reported value for - Singapore Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. The country largely relies on exports for its government revenue with its major export partners being China, Hong Kong, Singapore, US, and Japan. Further information about Singapore Total Imports. 9% of Malaysia’s imports from Singapore. That dollar amount represents a -9. Import products related to your overseas principal for sale in Singapore or re-export on behalf of the overseas principal in the course or advancement of the business. Relatedness measures the distance between a country's current exports and each product. In 2022, ASEAN exported $1. Singapore imports substantial amounts of gold, silver and gems from India for domestic demand and redistribution. The primary sources for these imports are Brazil, the United States, and Argentina. Singapore Imports from India was US$7. In 2020, Singapore’s exports to the Philippines amounted to $5. e. Singapore trade balance, exports and imports by country 2022 In 2022, Singapore major trading partner countries for exports were China, Hong Kong, China, Malaysia, United States and Indonesia and for imports they were China, Malaysia, Other Asia, nes, United States and Korea, Rep. Singapore imports Eggs primarily from: Malaysia ($138M), Thailand ($17. 56B), and Refined Petroleum ($895M). 16B and imported $12. May 29, 2024 · In 2023, Singapore exported approximately 326. 63 Billion during 2023, according to the United Nations COMTRADE database on international trade. Imports of goods and services (current US$) - Singapore from The World Bank: Data Dec 18, 2020 · The import volume for this category stands at $500 million. Jan 27, 2023 · The import volume for this category stands at around $6 billion. Singapore's Top 10 Import Products. Merchandise Trade summary statistics for Singapore (SGP) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year 2018 Jan 29, 2022 · Petroleum products, including gasoline, diesel, and other refined fuels, top the list of major imports in the Marshall Islands. On the other hand, the largest importer, Singapore, imported $424B, which is 22. 7%) of the overall value of its product purchases from other countries. This was the first U. Between October 2023 and October 2024 the exports of Philippines have decreased by $-334M (-5. Because importing food is the main means by which Singapore ensures food availability, any disruption of international trade threatens its physical and economic access to food. imports of services from Singapore were an estimated $10. File the import declaration through the TradeNet system before the goods arrive. 2% decrease compared to the $475. Singapore’s Main Imports from Indonesia. In general, prices are obtained from major exporters of the selected commodities. Singapore is China’s fifth-largest trading partner among ASEAN countries. Major imports are machinery and transport equipment and crude petroleum, while machinery and The unemployment rate for Singapore averaged 1. 6 per cent from the year before. 7B, resulting in a negative trade balance of $6. In 2023, Singaporean importers spent the most on the following 10 subcategories of machinery including computers. 8 billion which was a 7. In 2022, Singapore did not export any services to Malaysia. 9 billion. processed food exports to Singapore in 2023 $18. singapore Last Previous Highest Lowest Unit; Balance of Trade 6519. 3 billion or 8. Merchandise trade and tariff statistics data for Singapore (SGP) imports, from partner countries including trade value, number of products, Partner share, Share in total products, MFN and Effectively Applied Tariffs, duty free imports, dutiable imports, and free lines and number of trade agreements for year 2019 Oct 31, 2023 · Major export categories, excluding re-exports, include machinery and equipment, mineral fuels, and chemicals, which also figure prominently among Singapore’s major import categories. Main exports include electronic integrated circuits (23. Taiwan’s Main Imports from Singapore. 45% compared to a world Market Overview $555. what are the main imports of singapore. [106] Singapore's major trading partners include Malaysia, the United States and the European Union. 52B. Due to limited domestic energy resources, the country imports a significant volume of petroleum to meet its energy needs. 1B. Singapore stood as world’s 16 th largest import country and 15 th largest export country in 2019. 2 billion USD, roughly nine percent of which was sourced from the United States (source: Trade Data Monitor). 86 in thousands of US$ The Effectively Applied Tariff Weighted Average (customs duty) for Singapore is 0. 2B to China. 5B to $6. 98 INR Billion in December of 2023. The Major Exporter Scheme (MES) is a strategic initiative aimed at enhancing the liquidity of businesses heavily involved in the import and export of goods. India’s trade balance with Singapore is in positive which is a good sign. By value, the 15 major product categories listed below represent 92. 9 billion Singapore dollars worth of machinery and transport equipment, followed by 76. Nov 8, 2024 · Although Singapore imports the majority of its food products, the country’s agricultural tariffs are low to maintain an open market for food imports. Prices used in the index computation, are the prices of goods that physically leave Singapore’s main ports of export; also termed as Free on Board (FOB) prices. 3 Bil EU S$ 129. 99B, a 5. Over the past 5 years the exports of Australia to Singapore have increased at an annualized rate of 3. Singapore is a busy trade center, attracting significant re-export activity with its trading partners. India Imports from Singapore was US$6. 81: SGD Million (a) Import your own goods in the course or furtherance of your business. Between October 2023 and October 2024 the exports of Malaysia have increased by MYR2. In 2022, Singapore's imports were $655. In 2022, China did not export any services to Singapore. 3% of overall Malaysian imports. 95 SGD Million in February of 2024. 7% of Singapore’s imports from Indonesia. 6 billion or 6. That consumer-driven dollar amount represents well over a third (37. More than 90 per cent of Singapore’s food is impo Jul 20, 2021 · Singapore's port is one of the busiest ports in the world. Note:The size of the bubbles reflects Singapore’s total merchandise trade value with the trading partner. 6B and imported £64. 06B), Petroleum Gas ($1. 6% of overall Aussie imports. 6B, while imports increased by £8. By value, the 15 major product categories listed below represent 91. 94B), Integrated Circuits ($1. 27). 4 trillion in 2022, compared with S$1. 1B), and Machinery Having Individual Functions ($2. 2 per cent year-on-year in the fourth Collectively, that powerful cohort that comprise Singapore’s top 5 imports customers generated over half (50. From its vibrant export sectors to the challenges and opportunities it faces, we aim to provide a detailed analysis of Indonesia’s trade Jun 7, 2019 · Imports and Exports . 2B and imported SGD40. 05 Billion during 2023, according to the United Nations COMTRADE database on international trade. 21% increase from 2020. 36M), and Cambodia ($4. 45% compared to a world Imports structure to Singapore in 2023 represented by the following main commodity groups: 31% (131 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles Jan 2, 2025 · Singapore - Trade, Manufacturing, Services: Singapore continues to perform its traditional function as a financial intermediary, shipping raw materials such as rubber, timber, and spices from the Southeast Asian region in exchange for finished goods from both within and, especially, outside the region. Highlights • Expanded by 13. Australia’s Main Imports from Singapore In 2020, Singapore’s exports to Australia amounted to $5. Compared to the same period in 2021, Singapore's total imports increased by 16. 77B). 83 SGD Million in February from 904. Looking at two-digit HS codes, Singapore's top ten import products accounted for over four-fifths (84%) of its total procurement value from other countries: 1. U. 8% drop compared to 2019. Over the past 5 years the exports of Singapore to China Malaysia's main imports are: electrical and electronic products (29. 67 INR Billion in January from 92. 7 billion (up 22. 6%) of overall Singaporean revenues from exports sales. 7% in July 2024, extending the 1. Index Formula India’s Main Imports from the US. The primary trading partners for pharmaceutical imports are Singapore, Malaysia, and the United Kingdom. 55% increase from 2021. Singapore is one of the most open markets with the largest trade turnover in the world. Index Formula Hong Kong’s Main Imports of Mineral Fuels-Related Products In 2023, Hong Kong importers spent the most on the following 10 subcategories of mineral fuels including oil. 2% of overall Filipino imports. 2 Two major regional initiatives involving Singapore have resulted from these groupings so far: the agreement to form the ASEAN free trade area (AFTA) and the regional “growth triangle” of Indonesia Main Indicators of the Singapore Economy (0. In 2020, Singapore’s exports to Malaysia amounted to $17. 2% gain from 2014. S$ 105. The weights of the index are derived from the distribution of export by commodity in 2018. 14%) from SGD38. Oct 10, 2021 · Overview about Singapore. 51B, a 4. 16B, while imports increased by $1. Oil imports grew by 8. 6% of Sri Lanka’s imports from the United States. 5 billion or 9. 96B (2. 1%), vehicles (up 7. 09B (14. 2 billion or 2. Singapore was a founding member of both ASEAN, formed in 1967, and the Asia-Pacific Economic Cooperation Forum (APEC), formed in 1989. Imports from Australia in Singapore averaged 621. Major Exporter Scheme What is it? The Major Exporter Scheme (MES) is administered by the Inland Revenue Authority of Singapore (IRAS). In 2021, the United States of America’s exports to India amounted to $41. Singapore Exports By Category Value Year; Electrical, electronic equipment: $161. 2% increase in June 2024; both exports and imports grew. Exports to Singapore in India averaged 30. 6% drop compared to 2019. Leading services exports from the U. 7 billion Singapore dollars worth of machinery and transport equipment, making it the country's largest import commodity by value. 22 MB) Chapter 2 - Labour Market and Productivity (0. 8 percent) and Feb 3, 2022 · Singapore’s highly import dependent, multi-billion-dollar food industry is driven by robust consumer spending, high disposable incomes, and intense urbanization. 86T (7. This scheme is designed to alleviate the cash flow of companies that re-export a substantial amount of their imports. Australia Exports to Singapore was US$6. 9% from 2022) Merchandise Trade statistics data for Singapore (SGP) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. Known for its strategic location and business-friendly environment, the city-state relies heavily on imports to fuel its economy and meet the needs of its diverse population. Under standard regulations, companies are required to pay Goods and Services Tax (GST) upfront for imports, only to later claim a refund from the Inland Revenue Authority of Singapore (IRAS). Singapore is one of the most open and independent economies in the international market, ranking 14th in exports and 15th in imports and manage assets worth more than $1 trillion. India Imports from Singapore - data, historical chart and statistics - was last updated on January of 2025. 7%, from $9. The main products that Australia exported to Singapore were Gold ($2. 8 billion (down -11. 15%) from $6. Calculate and pay any applicable import duties and Goods and Services Tax (GST). By value, the 15 major product categories listed below represent 93. 08: 4292. 7B in Chemical Products, becoming the 23rd largest importer of Chemical Products in the world. Import Values. Index Formula Australia Imports from Singapore was US$11. 18B to Singapore. The main suppliers for these imports are Taiwan, China and Malaysia. 5 billion in imports recorded in 2022. 1%) 2. International spending on all Singaporean imports, including raw materials, intermediate products and semi-finished goods, totaled $328. Singapore heavily relies on imported agri-food and seafood products, with animal or vegetable fats being the top imported commodity. 97 billion. 3% was sold to importers in North America. 67 INR Billion in January of 2024 and a record low of 0. Jan 5, 2024 · Singapore’s total agricultural product imports in 2022 reached $17. 2%, and 2. At the same year, Eggs was the 202nd most imported product in Singapore . Singapore Imports from China - data, historical chart and statistics - was last updated on January of 2025. Singapore is made up of one main island and 63 other small islands, most of which remain uninhabited. 7 % YoY in Nov 2024; Total Exports grew 7. In 2022, Singapore imported $475. 5 billion with major Aug 16, 2024 · Singapore, Friday, 16 August 2024. Global events such as climate change and the COVID-19 pandemic have underscored the importance of food security, and by extension, a robust supply chain. 7%) of the overall value of all goods imported into Singapore. 1 Bil United States Note: The size of the bubbles re˜ects Singapore’s total merchandise trade value with the trading Apr 22, 2024 · This represented an 11. 0 USD bn in Nov 2024; Singapore Trade Balance recorded a surplus of 4. 00: 36160. 3 billion. Here, we have shared some of the major seaports in Australia accounting for maximum year-wise import shipments. Singapore exports for 2021 was $794. That dollar amount represents a 55. 5B to £34. Exports of goods and services (% of GDP) - Singapore from The World Bank: Data Australia is a very stable economy. Though India and Singapore have been doing great in bilateral trade yet the overall export of India to Singapore is only 2. 5% of overall export of India. The Country is home to 17 major sea ports to carry out large scale import operations. 8 billion in 2020. It imports primarily from China, Malaysia, the United States, Chinese Taipei, and South Korea. spike in 2020. 33-1999. Some of the main import partners of Singapore are Malaysia, China, Brazil, and Australia, though some food items are produced domestically . 01: 7973. 32 MB) Chapter 1 - Economic Performance (0. 3% of Indonesia’s imports from Singapore. Merchandise Trade summary statistics for Singapore (SGP) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year 2022 Submit Import Declaration. Australia-Singapore Trade: In 2022, Australia exported $8. 11% and the Most Favored Nation (MFN) Weighted Average tariff is 0. 4 billion Singapore dollars worth of chemicals and chemical Feb 26, 2024 · Annual change in merchandise imports Singapore 2016-2022; Export value of goods from Singapore 2023, by commodity; Import value of goods to Singapore 2023, by commodity; Largest merchandise Nov 4, 2024 · From 2021 to 2024, the main sources of urea imports for Vietnam include Singapore, Indonesia, Brunei, and China. Singapore exports for 2022 was $925. merchandise trade with Singapore 2000-2010; South Korea: value of goods exported to Singapore since FTA 2006-2017 Jan 15, 2020 · Australia also imports from Germany, Malaysia, Singapore, and New Zealand, accounting for 4. Nov 1, 2024 · Additionally, China is Singapore’s largest export market and largest source of imports. 1. 97 SGD Million in February of 2024. the temporary shortage of Brazilian beef supply in early 2021 . 3% from 2022) Computers, optical readers: $8. Sep 6, 2024 · By late 2023, Singapore was in the exploratory stages of new electricity import deals with firms in Indonesia, Cambodia and Vietnam to import 4. 4 billion Singapore Major Imports by countryaah · Published June 1, 2019 · Updated November 17, 2019 Based on the statistics of United Nations, Singapore imported US$466,922 million worth of goods around the world in 2018. In 2018, the exports traded in Taiwan were worth US$ 335. 6B, resulting in a negative trade balance of £30. 69B). Singapore is an important partner of the United States and has enjoyed a bilateral Free Trade Agreement (FTA) with Singapore since 2004. 03B (1. 8B), Refined Petroleum ($10. 7 percent). 8%). 4 billion SGD and exports were $710. S. 1 percent), Japan (7. 82%, from $4. 54 INR Billion in June of 1991. They exclude compensation of employees Oct 11, 2023 · Singapore, a global trade and financial hub, has established itself as a key player in international trade. 4 million total U. 02 Billion during 2023, according to the United Nations COMTRADE database on international trade. 3%) from £56. Optical and Medical Instruments: Indonesia imports a significant volume of optical and medical instruments for various applications. you are acting as a Section 33(2 Apr 1, 2023 · Import your own products for the purpose of expanding your business. 8% from US$406. Over the past 5 years the exports of Nov 21, 2024 · Imports in India. [105] Singapore had a total export of 514,966,127. 9% drop compared to 2019. That dollar amount represents a -10. In 2020, Singapore’s exports to Taiwan amounted to $9 billion or 3. 9% of the total imports of Association of Southeast Asian Nations. Import products related to your overseas principal that will be re-exported. 00 USD Thousand in January of 2003. Singapore Imports By Country - was last updated on Friday, January 10, 2025. 4 percent), chemicals (9. rowrcaj sensd rxjyco pjdrasx iqcw cgbz sdcxvza qscymzs bipzs khdw