China's Exports To Singapore Up By 4% YoY But Dropped By 20% QoQ
15 October 2022
China’s exports to Singapore have increased a bit
slightly but majorly declining on an entirely different basis. The exports
increased on a year-on-year basis by 4% but decreased by 16% on a quarterly
basis. China-Singapore exports mostly consist of electronics and parts with an
export value reaching as high as $16.6 billion in 2021, the highest among all
commodities and the highest in the past decade as well.
China’s Top
Exports To Singapore
China’s top exports to Singapore in 2021 were –
Motor/Aviation Gasoline with an export value of $3.3 billion, followed by
Wireless Telephone Headsets with an export value of $2 billion, three different
sorts of integrated circuits with each value of $1.8, $1.6 and $1.5 billion
respectively.
|
China's Top Exports
To Singapore (2021) |
|
|
Commodity |
Value USD Billion |
|
Motor/Aviation Gasoline |
3.35 |
|
Wireless Telephone Handsets |
2.09 |
|
Integrated Circuits: Processors
and Controllers |
1.82 |
|
Integrated Circuits: As Memories |
1.69 |
|
Other Integrated Circuits |
1.51 |
China’s Yearly
Exports To Singapore
The historical trade data of China’s exports shown
below features the yearly values. In 2017, the exports amounted to $45.6
billion, followed by $49.8 billion and $54.7 billion in 2019. The highest
export value amounted to $57.6 billion in 2020, followed by $55.2 billion in
2021.
|
China's Yearly
Exports To Singapore |
|
|
Year |
Value USD Billion |
|
2017 |
45.66 |
|
2018 |
49.81 |
|
2019 |
54.79 |
|
2020 |
57.62 |
|
2021 |
55.21 |
China’s
Quarterly Exports To Singapore
China’s exports to Singapore so far have been
represented below, showing quarterly values. The exports at the beginning of
2021 amounted to $12.6 billion and the value of exports continued to grow till
Q4-2021. The value of exports in Q1-2022 amounted to $13 billion.
|
China's Exports To
Singapore – Quarterly |
|
|
Quarter |
Value USD Billion |
|
Q1-2021 |
12.60 |
|
Q2-2021 |
12.90 |
|
Q3-2021 |
13.88 |
|
Q4-2021 |
15.82 |
|
Q1-2022 |
13.09 |
China’s Exports
To Singapore – Comparison
The comparison in the export values of China’s exports
to Singapore on two different bases have been shown below as an infographic.
The same value of Q1-2022 has been used for the comparison with the value of
Q1-2021 and Q4-2021 for a YoY and QoQ comparison.
|
China's Exports To
Singapore – Comparison |
|
|
|
|
|
Present Value In 2022 |
|
|
Q1-2022 |
$13,091,297,000 |
|
|
|
|
YoY Comparison Outputs |
|
|
Q1-2021 |
$12,600,171,000 |
|
Value Difference |
$491,126,000 |
|
Percentile Growth |
3.75% |
|
|
|
|
QoQ Comparison Outputs |
|
|
Q4-2021 |
$15,825,956,000 |
|
Value Difference |
-$2,734,659,000 |
|
Percentile Growth |
-20.89% |
As represented in above China’s exports 2022, the
value of Chinese exports to Singapore in Q1-2022 registered a growth of 3.7% as
compared to the same period in the previous year. On the other hand, Q1-2022
also registered a downfall of $2.7 billion as compared to the previous quarter
(Q4-2021) with a percentage decrease of 20.8%, implying a slow growth of the
exports.
