Trade in Singapore

This report sets out to analyze the trends in international trade with one of the strongest economies in the world, Singapore.

Exports:

Singapore is one of the biggest exporters of banking services, electrical & industrial machinery, and precision instruments. This year, exports in Singapore decreased slightly form 130 billion USD to 120 billion USD, which was due to the growth of the financial hub in Shanghai. Despite this fall, market analysts believe Singapore’s overall export figures for this year will remain at similar levels next year.

Imports:

Imports increased significantly by 4 % last year and the figures reached a peak of 35,014 million USD with major growth in import of aircraft. On account of the prosperous growth in tourism, the aviation industry purchased a large amount of aircraft. In addition, a Malaysian Chemical tycoon invested heavily in Singapore’s Organic Chemical & Plastic industry. Singapore’s imports will probably reach an all-time high by this time next year.