Singapore Bilateral Trade with Asian Countries – Singapore Trade Data
20 October 2020
The trade balance between Singapore and Asia totaled
USD 46.2 billion in 2019 as its exports were higher than imports. It is one of
the largest trading countries in the Asian continent. According to Singapore
customs data, Singapore majorly trade electrical machinery and equipment with
Asian countries. Check & analyze bilateral trade between Singapore and Asia
from Singapore trade statistics and market information based on actual shipment
records.
Singapore Trade with Asian
Countries
The value of Singapore
imports from Asian countries totaled USD 236.8 billion in 2019. That dollar
amount declined as compared to previous year when Singapore imported goods
worth USD 246.3 billion from Asian exporters. Singapore imported 66% worth of goods from
countries in Asian continent.
In terms of exports, the value of Singapore exports to Asian countries totaled USD 283.0 billion in
2019. That dollar amount also declined as compared to 2018’s USD 300.9 billion.
Singapore exported 72.5% worth of goods to Asian countries.
Singapore’s Top 10 Imports from
Asian Countries 2019
Singapore imported electrical machinery and equipment
the most from fellow Asian countries in 2019. Other major imports were mineral
fuels & oils, machinery, pearls & precious stones, plastics, optical,
photographic, medical equipment and organic chemicals. Below given chart and
table shows dollar amount of Singapore’s top 10 import commodities from Asian
countries in 2019.
Product Category |
Value USD Billion |
Electrical Machinery and Equipment |
86.1 |
Mineral Fuels & Oils |
59.3 |
Machinery |
27.5 |
Pearls & Precious Stones |
12.1 |
Plastics |
6.0 |
Optical, Photographic, Medical Equipment |
5.3 |
Organic Chemicals |
3.2 |
Vehicles |
2.8 |
Articles of Iron and Steel |
2.4 |
Miscellaneous Chemical Products |
2.3 |
Singapore’s Top 10 Import
Partners in Asia 2019
Singapore’s top 10 import partners in Asia 2019 were
China (USD 49.0 billion), Malaysia (USD 41.6 billion), Taipei, Chinese (USD
32.3 billion), Japan (USD 19.3 billion), Indonesia (USD 15.6 billion), South
Korea (USD 13.7 billion), United Arab Emirates (USD 11.5 billion), Saudi Arabia
(USD 8.3 billion), Thailand (USD 7.6 billion) and Philippines (USD 7.0
billion).
According to Singapore import statistics, these
countries accounted 57.4% to overall value of shipments. Below given chart and
table shows percentage share of these countries.
Country |
Value USD % |
China |
13.7 |
Malaysia |
11.6 |
Taipei, Chinese |
9.0 |
Japan |
5.4 |
Indonesia |
4.3 |
South Korea |
3.8 |
United Arab Emirates |
3.2 |
Saudi Arabia |
2.3 |
Thailand |
2.1 |
Philippines |
2.0 |
Singapore’s Top 10 Exports to
Asian Countries 2019
Singapore exported electrical machinery and equipment
the most to fellow Asian countries in 2019. Other major exports were machinery,
mineral fuels & oils, pearls & precious stones, plastics, optical,
photographic, medical equipment, essential oils and organic chemicals. Below
given chart and table shows dollar amount of Singapore’s top 10 export
commodities to Asian countries in 2019.
Product Category |
Value USD Billion |
Electrical Machinery and Equipment |
99.8 |
Machinery |
39.0 |
Mineral Fuels & Oils |
37.2 |
Pearls & Precious Stones |
15.0 |
Plastics |
13.2 |
Optical, Photographic, Medical Equipment |
12.2 |
Essential Oils and Resinoids |
8.8 |
Organic Chemicals |
7.6 |
Miscellaneous Chemical Products |
4.8 |
Aircraft, Spacecraft and Parts |
4.3 |
Singapore’s Top 10 Export
Partners in Asia 2019
The top 10 export partners of Singapore in Asia 2019
were China (USD 51.6 billion), Hong Kong (USD 44.3 billion), Malaysia (USD 41.1
billion), Indonesia (USD 27.3 billion), Japan (USD 17.6 billion), Taipei,
Chinese (USD 16.3 billion), Thailand (USD 15.3 billion), South Korea (USD 15.2
billion), Vietnam (USD 12.9 billion) and India (USD 11.4 billion).
According to Singapore export statistics, these
countries shared 64.8% to total commodities exported from fellow Asian
countries. Below given chart and table shows percentage share of these
countries.
Country |
Value USD % |
China |
13.2 |
Hong Kong |
11.4 |
Malaysia |
10.5 |
Indonesia |
7.0 |
Japan |
4.5 |
Taipei, Chinese |
4.2 |
Thailand |
3.9 |
South Korea |
3.9 |
Vietnam |
3.3 |
India |
2.9 |
Singapore enjoy trade surplus with Asian countries in
2019. It was the 5th largest exporter country and 6th
largest importer country in the Asian continent during last year. Get the
latest market intelligence information on bilateral trade between Singapore and
Asia right here.
Check shipment details of your selected product which is imported by Singapore by clicking on Product Wise Import Data. Also, see samples of products which are exported by Singapore by clicking on Product Wise Export Data.