A sovereign island nation and city-state in maritime Southeast Asia are known officially as the Republic of Singapore. It is located off the southernmost tip of the Malay Peninsula, one degree of latitude (137 kilometers or 85 miles) north of the equator.
Based on the Singapore Trade Data, Singapore is rank 36th in the world in terms of total GDP with a total trade value of $748 Billion US Dollars in the year 2020, and in terms of purchasing power parity, Singapore ranks 7th throughout the world.
In terms of Singapore Import data, Singapore is ranked the 17th largest importer in the world with a total import value of $358.97 Billion U.S. dollars in the year 2020. Also, Singapore Export Data shows that Singapore is the rank of 19th largest exporter in the world with a total export value of $390.33 Billion US Dollars in the year 2020.
According to Singapore Custom Data, the most import-export item of Singapore is “Electrical Machinery & Equipment” with a total Import value of $108.8 Billion US Dollars and with a total export value of $132.1 Billion US Dollars in the year 2020.
The most trading partner of Singapore country-wise, In terms of Import-export, is “China” with a total Import value of $47.4 Billion US Dollars and with a total export value of $51.4 Billion US Dollars in the year 2020.
Which Singapore exports are the most significant?
Singapore custom data reveals that the country produces a large number of items. The fact that Singapore produces a significant number of well-known international goods products and this is the reason why many other nations prefer to import those specific commodities from Singapore. However, for the time being, we are mainly concentrating on the top export items, which are listed below and are sent in significant amounts:
S No | Product Name | Total USD Value | Total Percentage |
1 | Electrical Machinery & Equipment | $132.10 Billion | 35.30% |
2 | Machinery | $58 Billion | 15.50% |
3 | Mineral Fuels & Oils | $30.30 Billion | 8.10% |
4 | Optical, Photographic, Medical Equipment | $20.80 Billion | 5.50% |
5 | Pearls & Precious Stones | $20.30 Billion | 5.40% |
6 | Plastics | $12.90 Billion | 3.40% |
7 | Organic Chemicals | $11.30 Billion | 3.00% |
8 | Essential Oils and Resinoids | $9.80 Billion | 2.50% |
9 | Pharma Products | $8.90 Billion | 2.50% |
10 | Miscellaneous Edible Preparations | $6.00 Billion | 2.30% |
others | $61.40 Billion | 16.50% |
If you want to access more Singapore export product details then click on the link and search for your favorite product sample details free. The link is HS Code
Which Singapore imports are the most significant?
As its economy becomes more diverse, Singapore imports a wide range of products to meet the demands of its market. But up until this point, we’ve only covered the most well-known imports, which are listed below. These products are heavily imported, profitable, and in high demand around the world.
S No | Product Name | Total USD Value | Total Percentage |
1 | Electrical Machinery & Equipment | $108.80 Billion | 33% |
2 | Machinery | $52.90 Billion | 16% |
3 | Mineral Fuels & Oils | $49.20 Billion | 14.90% |
4 | Pearls and Precious Stones | $22.50 Billion | 6.80% |
5 | Optical, Photographic, Medical Equipment | $12.80 Billion | 3.80% |
6 | Plastics & Articles | $7.10 Billion | 2.10% |
7 | Organic Chemicals | $7.10 Billion | 2.10% |
8 | Aircraft, Spacecraft & Parts | $6.50 Billion | 1.90% |
9 | Essential Oils & Resinoids | $4.20 Billion | 1.20% |
10 | Miscellaneous Chemical Products | $4.20 Billion | 1.20% |
If you want to access more Singapore Import product details then click on the link and search for your favorite product sample details free. The link is HS Code
Who are the major Import trading partners of Singapore Country-wise?
The fact that Singapore buys such a wide range of goods from other nations to resale them in their own country to generate profit explains why it maintains close ties with virtually every nation. The following list includes the top 10 countries from which Singapore will purchase products in 2020:
Import trading Partners | Total USD Value |
China | $47.4 Billion |
Malaysia | $41.8 Billion |
Taipei, Chinese | $36.3 Billion |
The United States | $35.1 Billion |
Japan | $18.1 Billion |
South Korea | $15.5 Billion |
Indonesia | $13.9 Billion |
France | $10.2 Billion |
Thailand | $9.7 Billion |
Germany | $8.8 Billion |
Who are the major export trading partners of Singapore Country-wise?
According to Singapore Trade data on the country’s international trade, Singapore produces and sells a wide range of commodities, strengthening its ties to basically every other nation. The top 10 export trading partners are displayed in the graph below.
export trading Partners | Total USD Value |
China | $51.4 Billion |
Hong Kong | $46.2 Billion |
United States | $40.1 Billion |
Malaysia | $33.3 Billion |
Indonesia | $21.4 Billion |
Taipei, Chinese | $18.2 Billion |
Japan | $17.8 Billion |
South Korea | $16.7 Billion |
Thailand | $14.1 Billion |
Vietnam | 1$2.4 Billion |
What are the major import-export ports of Singapore?
As per our Singapore Shipment data, Singapore is a developing country, and just to increase revenue from other countries they import & export varieties of goods and services and earn lots of money. in this import-export process, many ports play an important role, and help Singapore to do better importing & exporting.
The major ports of Singapore are as follows –
- PSA Corporation Limited Port
- Jurong Port
Conclusion – The blog was quite informative and taught us about Singapore’s major import-export partners and products. Additionally, it displays the port details. We can therefore conclude that the article gives us sufficient information. If you want to learn more about Internation trade statistics, contact us at info@eximtradedata.com or +91-9625812393 or visit our official website Exim Trade Data
