Singapore (SGP)
Annual exports and imports in 2024 (USD).
Source: UN Comtrade. Warehouse 1: partner = World totals by HS4 and year.
Singapore - trade dependency by partner, 2024 (USD)
| Rank | Partner | Export dependency | Import dependency | Total dependency |
|---|---|---|---|---|
| 1 | China (CHN) | 14.0% $70.68B | 12.4% $56.68B | 13.2% $127.36B |
| 2 | Malaysia (MYS) | 10.4% $52.34B | 11.2% $51.42B | 10.8% $103.76B |
| 3 | USA (USA) | 8.7% $44.03B | 12.2% $55.75B | 10.4% $99.78B |
| 4 | China, Hong Kong SAR (HKG) | 11.0% $55.29B | 0.8% $3.55B | 6.1% $58.84B |
| 5 | Indonesia (IDN) | 7.9% $39.83B | 3.4% $15.67B | 5.8% $55.50B |
| 6 | Rep. of Korea (KOR) | 4.2% $21.27B | 6.3% $28.73B | 5.2% $50.00B |
| 7 | Japan (JPN) | 3.5% $17.74B | 4.9% $22.22B | 4.2% $39.96B |
| 8 | Thailand (THA) | 4.3% $21.93B | 2.5% $11.36B | 3.5% $33.28B |
| 9 | India (IND) | 3.0% $15.13B | 1.9% $8.74B | 2.5% $23.87B |
| 10 | Viet Nam (VNM) | 3.4% $17.28B | 1.4% $6.42B | 2.5% $23.70B |
- Singapore's total trade in 2024 reached $962.3B, ranking 14th globally.
- Exports totaled $504.8B and imports were $457.5B, yielding a trade surplus of $47.3B.
- The country's top export destination was China, receiving $70.7B (14.0%) of total exports.
- China was also the largest source of imports, accounting for $56.7B (12.4%) of all inbound goods.
- Electrical machinery and equipment (HS2 85) was the most significant category for both exports ($175.7B) and imports ($144.1B).
- Machinery and mechanical appliances (HS2 84) was the second-largest export category, valued at $91.6B.
Singapore's Trade Performance in 2024
In 2024, Singapore ranked 14th in the world for total trade, with combined exports and imports reaching $962.3B. The nation's exports were valued at $504.8B (ranked 13th globally), while imports stood at $457.5B (ranked 14th). This resulted in a trade surplus of $47.3B for the year. Key trading partners included China and the United States, reflecting Singapore's central role in global commerce.
Top Trading Partners
Singapore's primary export markets in 2024 were China ($70.7B), China, Hong Kong SAR ($55.3B), and Malaysia ($52.3B). On the import side, the top sources were China ($56.7B), the United States ($55.8B), and Malaysia ($51.4B). These partnerships highlight Singapore's strong trade relationships within Asia and across the Pacific.
Key Product Categories
The most significant product category for Singapore in 2024 was Electrical machinery and equipment (HS2 85), which accounted for $175.7B (34.8%) of exports and $144.1B (31.5%) of imports. Following this, Machinery and mechanical appliances (HS2 84) was the second-largest export at $91.6B. Mineral fuels (HS2 27) also played a crucial role, representing $56.2B in exports and $87.3B in imports.
Exports
Singapore - exports over time (Exports), 2015-2024 (USD)
Top export categories
Largest HS2 categories by export value in the selected year.
Singapore - export composition by product categories (Exports), 2024 (USD)
Singapore - export composition by 4-digit product groups (Exports), 2024 (USD)
Imports
Singapore - imports over time (Imports), 2015-2024 (USD)
Top import categories
Largest HS2 categories by import value in the selected year.