Singapore Balance of Trade

Singapore recorded a trade surplus of 4494.31 Million SGD in June of 2022. Balance of Trade in Singapore averaged 1112.97 Million SGD from 1964 until 2022, reaching an all time high of 8287.89 Million SGD in February of 2022 and a record low of -1999.81 Million SGD in October of 1993. 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. This page provides the latest reported value for – Singapore Balance of Trade – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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