Imports. In 2017 Singapore imported $293B, making it the 16th largest importer in the world. During the last five years the imports of Singapore have decreased at an annualized rate of -1.5%, from $314B in 2012 to $293B in 2017.
Singapore’s top 10 imports represent more than four-fifths (84.5%) of the overall value of its product purchases from other countries. Imported aircraft and spacecraft was the fastest-growing top category thanks to its 47.1% year-over-year gain. In second place for higher import purchases were mineral fuels including oil via its 21.4% uptick.
Top Singapore Imports from the World. In 2018, Singapore bought US$370.5 billion worth of imported products up by 1.2% since 2014 and up by 13.1% from 2017 to 2018. Top 10 Singapore Imports from China. China's exports to Singapore amounted to. $49.7 billion or 13.4% of its overall imports.
Imports in Singapore increased to 41100.06 Million SGD in April from 40291.44 Million SGD in March of 2019. Imports in Singapore averaged 14783.42 Million SGD from 1964 until 2019, reaching an all time high of 44689.59 Million SGD in October of 2018 and a record low of 266.38 Million SGD in July of 1964. The biggest import product, with 43 percent share, is machinery and equipment (with ...
What Products Does Singapore Export? ... Singapore imports raw materials and exports the finish products. Traditionally a re-export country, Singapore mainly depends on external demands and uses imported intermediate inputs from its export and import partners. Except for Hong Kong, which also depends on a re-export economy, most of the raw ...
Singapore imports petroleum gas in smaller amounts. Singapore companies also import broadcasting equipment and office machinery. Most part of imported products by Singapore come from China and Malaysia and represent about 20% of the city’s total imports.
Singapore is the 14th largest exporter and the 15th largest importer in the world. Historically, international trade has strongly influenced the economy. According to the WTO, Singapore has the highest trade to GDP ratio in the world at 407.9 percent. Due to its geostrategic location and developed port facilities, a large volume of Singapore's merchandise exports involve entrepôt trade ...
Quick Guide for Importers This page provides a quick guide on the import procedures for those who wish to import goods into Singapore. Imports. An import refers to goods brought into customs territory from an entry point or a free trade zone (FTZ), or overseas goods brought into a free trade zone for storage and pending re-export. ...
Singapore’s top 10 exports represent 81.3% of the overall value of its global shipments. Pharmaceuticals was the fastest-growing among the top 10 export categories, up 41.7% from 2017 to 2018. In second place for improving export sales was the perfumes and cosmetics category which appreciated by 28.6%.
U.S. imports of services from Singapore were an estimated $8.6 billion in 2018, 9.4% ($742 million) more than 2017, and 112% greater than 2008 levels. It was up roughly 318% from 2003 (pre-FTA). Leading services imports from Singapore to the U.S. were in the professional and management services, research and development, and transport sectors.