Question: What is Singapore’s largest export?

Singapore derives most of its revenues from foreign trade. The biggest export product, with 43 percent share, is machinery and equipment. The country also exports petroleum (19 percent); chemical products (13 percent); miscellaneous manufactured articles (8 percent) and oil bunkers (7 percent).

What are Singapore’s main exports and imports?

Major imports are machinery and transport equipment and crude petroleum, while machinery and refined petroleum products are the major exports. China, the United States, Indonesia, Malaysia, and Japan are Singapore’s principal trading partners.

What is Singapore’s biggest import?

The most recent imports of Singapore are led by Integrated Circuits ($43.5B), Refined Petroleum ($41.4B), Crude Petroleum ($22.5B), Gold ($10.8B), and Gas Turbines ($8.37B).

Is Singapore a big exporter?

The country’s main exports, include electronics, chemicals and services. Singapore is the regional hub for wealth management. Water is scarce in Singapore, therefore it is defined as a precious resource.

Economy of Singapore.

Statistics
Ease-of-doing-business rank 2nd (very easy, 2020)
External
Exports US$626 billion (2020)

How much does Singapore export?

Overall Exports and Imports for Singapore 2019

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The total value of exports (FOB) is US$ 390,332 million. The total value of imports (CIF) is US$ 358,975 million.

What are Australia’s exports?

In 2019, Australia exported $6.2B to Singapore. The main products exported from Australia to Singapore were Gold ($1.34B), Crude Petroleum ($1.26B), and Petroleum Gas ($740M).

What machinery does Singapore export?

Exports of commodity group 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” amounted to 35% of total exports from Singapore (cumulative merchandise exports from Singapore totalled …

What is Singapore known for around the world?

Singapore is a wealthy city state in south-east Asia. Once a British colonial trading post, today it is a thriving global financial hub and described as one of Asia’s economic “tigers”. It is also renowned for its conservatism and strict local laws and the country prides itself on its stability and security.

What does Singapore export to Brazil?

In 2019, Singapore exported $821M to Brazil. The main products exported from Singapore to Brazil were Integrated Circuits ($181M), Pesticides ($117M), and Gas Turbines ($70.5M).

What food does Singapore export?

Top exports of processed foods to Singapore in 2020 included:

  • Fats And Oils.
  • Food Preparations & Ingredients.
  • Processed/Prepared Dairy Products.
  • Processed Vegetables & Pulses.
  • Snack Foods.
  • Alcoholic Beverages.
  • Chocolate And Confectionery.

What alcohol does Singapore export?

Trade Balance

The main destinations of Singapore exports on Hard Liquor were China ($454M), Vietnam ($416M), Hong Kong ($177M), Chinese Taipei ($164M), and Malaysia ($99.7M).

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Who does Singapore import from?

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Singapore Imports By Country Value Year
China $47.37B 2020
Malaysia $41.71B 2020
United States $35.15B 2020
Japan $18.11B 2020

How much of Singapore’s GDP comes from trade?

In 2020, the trade to gross domestic product (GDP) ratio of Singapore was around 321 percent. The trade to GDP ratio, also known as the trade openness ratio, indicates how important international trade is to the economy of the country. Singapore’s trade to GDP ratio is one of the highest globally.

How much of Singapore’s GDP is trade?

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product. Singapore trade to gdp ratio for 2020 was 320.56%, a 2.95% decline from 2019. Singapore trade to gdp ratio for 2019 was 323.52%, a 1.82% decline from 2018.

What does Singapore export to the US?

Leading domestic export categories include: animal fats ($227 million), vegetable oils (excluding soybean) ($160 million), dairy products ($85 million), food preparations ($63 million), and essential oils ($47 million).