Singapore International Trade
 
 
 
 
 
TOTAL MERCHANDISE TRADE
AT CURRENT PRICES, 2020 - 2024
Exports
 
 
 
S$ 674.5 Bil
Imports
 
 
 
S$ 611.4 Bil
Total in 2024
S$ 1,285.9 Bil
Exports
 
 
 
S$ 638.4 Bil
Imports
 
 
 
S$ 567.3 Bil
Total in 2023
S$ 1,205.7 Bil
Exports
 
 
 
S$ 710.0 Bil
Imports
 
 
 
S$ 655.4 Bil
Total in 2022
S$ 1,365.4 Bil
Exports
 
 
 
S$ 614.1 Bil
Imports
 
 
 
S$ 545.9 Bil
Total in 2021
S$ 1,160.0 Bil
Exports
 
 
 
S$ 515.6 Bil
Imports
 
 
 
S$ 453.5 Bil
Total in 2020
S$ 969.1 Bil
Merchandise Trade
Increased
6.6 %
In 2024
MERCHANDISE TRADE PERFORMANCE
WITH MAJOR TRADING PARTNERS, 2024
Exports (S$ Bil)
Imports
(S$ Bil)
10
20
30
40
50
60
70
80
90
 
90
80
70
60
50
40
30
20
10
 
Note:The size of the bubbles reflects Singapore’s total merchandise trade value with the trading partner. If the centre point (white circle) of the bubble falls in the blue region, it indicates that Singapore’s imports from the trading partner exceeds Singapore’s exports. If the centre point of the bubble falls in the green region, then Singapore’s exports to the trading partner exceeds Singapore’s imports.
 
Singapore's exports to
the trading partner exceeds
Singapore's imports from
the trading partner
Singapore's imports from
the trading partner exceeds
Singapore's exports to
the trading partner
    In 2024, Mainland China, Malaysia and the US were Singapore’s top trading partners. Singapore’s exports to Mainland China and Malaysia exceeded Singapore’s imports to these trading partners, while Singapore’s imports from the US exceeded exports to the US.
 
NON-OIL MERCHANDISE TRADE BY
MAJOR COMMODITY SECTIONS, 2024
Machinery &
Transport Equipment
Exports
 
 
S$ 363.2 Bil
65.0%
Imports
 
 
S$ 322.1 Bil
65.2%
Chemicals &
Chemical Products
Exports
 
 
S$ 69.5 Bil
12.4%
Imports
 
 
S$ 42.8 Bil
8.7%
Miscellaneous
Manufactured Articles
Exports
 
 
S$ 57.6 Bil
10.3%
Imports
 
 
S$ 47.7 Bil
9.7%
Manufactured
Goods
Exports
 
 
S$ 17.2 Bil
3.1%
Imports
 
 
S$ 27.7 Bil
5.6%
Food &
Live Animals
Exports
 
 
S$ 13.8 Bil
2.5%
Imports
 
 
S$ 13.9 Bil
2.8%
Animals & Vegetable
Oils, Fats & Waxes
Exports
 
 
S$ 0.3 Bil
0.0%
Imports
 
 
S$ 3.1 Bil
0.6%
Beverages &
Tobacco
Exports
 
 
S$ 4.6 Bil
0.8%
Imports
 
 
S$ 4.9 Bil
1.0%
Crude Materials
(Excluding Fuels)
Exports
 
 
S$ 4.1 Bil
0.7%
Imports
 
 
S$ 3.0 Bil
0.6%
Miscellaneous
(Excluding Oil Bunkers)
Exports
 
 
S$ 28.2 Bil
5.0%
Imports
 
 
S$ 28.6 Bil
5.8%
TOP 3 COMMODITY SECTIONS
Machinery &
Transport Equipment
Chemicals &
Chemical Products
Miscellaneous
Manufactured Articles
87.8%
of non-oil merchandise exports in 2024
Machinery &
Transport Equipment
Miscellaneous
Manufactured Articles
Chemicals &
Chemical Products
83.6%
of non-oil merchandise imports in 2024
NON-OIL DOMESTIC EXPORTS
BY MAJOR COMMODITY SECTIONS, 2024
TOTAL
S$ 173.6 Bil
TOP 3 COMMODITY SECTIONS
1
Machinery &
Transport Equipment
2
Chemicals &
Chemical Products
3
Miscellaneous
Manufactured Articles
Made up 82.6% of non-oil domestic exports.
NON-OIL RE-EXPORTS
BY MAJOR COMMODITY SECTIONS, 2024
TOTAL
S$ 384.9 Bil
TOP 3 COMMODITY SECTIONS
1
Machinery &
Transport Equipment
2
Miscellaneous
Manufactured Articles
3
Chemicals &
Chemical Products
Made up 90.1% of non-oil re-exports.
 
OVERALL EXPORTS AND IMPORTS OF SERVICES,
2020-2024
S$ Billion
 
Exports
 
Imports
Total
S$ 590.0 Bil
 
Exports
 
Imports
Total
S$ 715.1 Bil
 
Exports
 
Imports
Total
S$ 877.3 Bil
 
Exports
 
Imports
Total
S$ 919.1 Bil
 
Exports
 
Imports
Total
S$ 997.7 Bil
Year
2020
2021
2022
2023
2024
Compound Annual Growth Rates (from 2020 to 2024)
15.2%
Exports
12.8%
Imports
Services Trade Balance
S$ 59.4 Bil
in 2024
EXPORTS OF SERVICES
BY SERVICES CATEGORY, 2024
TOTAL
S$ 528.6 Bil
 
S$ 10.8 Bil
Maintenance And
Repair Services
 
S$ 173.0 Bil
Transport
 
S$ 31.9 Bil
Travel
 
S$ 12.6 Bil
Insurance
 
S$ 0.5 Bil
Government Goods
And Services
 
S$ 2.1 Bil
Construction
 
S$ 71.6 Bil
Financial
 
S$ 41.1 Bil
Telecommunications,
Computer &
Information
 
S$ 26.3 Bil
Charges For
The Use Of
Intellectual Property
 
S$ 4.8 Bil
Personal, Cultural
And Recreational
 
S$ 45.9 Bil
Business Management
 
S$ 13.5 Bil
Trade-related
 
S$ 94.0 Bil
Other Services
 
S$ 0.5Bil
Manufacturing Services
On Physical Inputs
Owned By Others
 
IMPORTS OF SERVICES
BY SERVICES CATEGORY, 2024
TOTAL
S$ 469.2 Bil
 
S$ 1.9 Bil
Maintenance And
Repair Services
 
S$ 162.0 Bil
Transport
 
S$ 41.8 Bil
Travel
 
S$ 10.6 Bil
Insurance
 
S$ 0.4 Bil
Government Goods
And Services
 
S$ 1.0 Bil
Construction
 
S$ 23.2 Bil
Financial
 
S$ 43.5 Bil
Telecommunications,
Computer &
Information
 
S$ 24.1 Bil
Charges For
The Use Of
Intellectual Property
 
S$ 1.8 Bil
Personal, Cultural
And Recreational
 
S$ 50.4 Bil
Business Management
 
S$ 19.1 Bil
Trade-related
 
S$ 79.5 Bil
Other Services
 
S$ 9.9Bil
Manufacturing Services
On Physical Inputs
Owned By Others
 
MAJOR SERVICES CATEGORIES
1
Transport
2
Business Management
3
Financial
Accounted for the bulk of Singapore's trade in services in 2024.
Exports
54.9 %
of Total Exports
Imports
50.2 %
of Total Imports
 
MAJOR TRADING PARTNERS
FOR TRADE IN SERVICES, 2023
North America
Europe
Asia
Oceania
Exports
Imports
 
Download
 

Note: numbers may not add up to the totals due to rounding

Last updated in Feb 2025

For more information, please refer to the resources at

http://www.singstat.gov.sg/find-data/search-by-theme/trade-and-investment