Trade In Services

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Singapore’s International Trade in Services are statistics that measure the transactions between Singapore and its overseas trading partners.

Exports of services consist of transactions where services are provided from Singapore to overseas trading partners. For example, a Singapore-based shipping company providing freight services to an overseas client, transporting the client’s goods from country A to country B.

Imports of services consist of transactions where services are provided from overseas trading partners to Singapore. For example, an overseas law firm providing legal advice by phone or email to a Singapore-based company.

The main data source used for compilation is the International Trade in Services Survey conducted by the Singapore Department of Statistics (DOS). Administrative data are used where available to supplement the estimates.

International Trade in Services statistics are compiled based on international guidelines from the United Nations Manual on Statistics of International Trade in Services (MSITS) and International Monetary Fund's Balance of Payments and International Investment Position Manual (BPM).

Data

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Key Indicators

Items	Unit	Latest Period	Latest Data	% Change (Y‑o‑Y) 1/	Previous Period Data	% Change (Y‑o‑Y) 2/
Trade in Services
Singapore's Total Trade in Services	S$b	2024	997.7	8.6	919.1	4.8
Singapore's Export of Services	S$b	2024	528.6	9.9	481.0	2.7
Singapore's Import of Services	S$b	2024	469.2	7.1	438.1	7.1

Data are preliminary when first released.
na not available or not applicable.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.

Trade in Services

Title : Trade In Services By Services Category, Annual

Million Dollars

Data Items	2017	2018	2019	2020	2021	2022	2023	2024
Total Trade In Services	493,353.8	561,271	592,824.3	590,035.1	715,093.5	877,252.5	919,117	997,749.8
Exports Of Services	241,568	287,141.4	307,215.9	300,004.6	382,492.4	468,190.5	481,009.2	528,568.3
Manufacturing Services On Physical Inputs Owned By Others	247.1	370.3	266.9	236.8	489.9	685.5	490.7	471
Maintenance And Repair Services	7,712	9,410	9,663.3	8,172.9	8,833.5	10,117.9	10,981	10,820.1
Transport	69,993.5	88,888.8	94,272.1	93,560	144,220	189,649	149,537.4	172,971.1
Freight	54,547.9	71,746.4	76,545.7	79,857.9	130,499.3	167,209.2	124,222.5	145,993.3
Others	15,445.6	17,142.4	17,726.4	13,702.1	13,720.7	22,439.8	25,314.9	26,977.8
Travel	27,477.5	27,366.8	27,754.7	7,527.2	5,399.1	15,719.6	27,886.1	31,867.3
Insurance	6,710.3	9,484.8	8,817.4	8,438	9,133.1	11,493.3	11,128.7	12,649.8
Government Goods And Services	408.9	413.5	419.2	411.9	422	444.3	464.4	477.3
Construction	1,032	1,641.5	1,742.2	1,271.7	1,202.7	1,622	2,042.6	2,100.8
Financial	37,369	42,840.2	45,943.9	49,688.3	53,089.4	56,084.6	65,326.3	71,582.7
Telecommunications, Computer & Information	18,560.1	20,533.1	20,252.4	26,826.3	31,888.3	34,224.7	39,306.3	41,149.8
Charges For The Use Of Intellectual Property	11,138	12,084.4	12,296.8	12,865.8	16,376.9	17,874.7	24,176.6	26,255.8
Personal, Cultural And Recreational	691.1	1,098.6	1,147.5	1,066.1	3,265.8	4,184	4,508	4,831
Other Business Services	60,228.5	73,009.4	84,639.5	89,939.6	108,171.7	126,090.9	145,161.1	153,391.6
Accounting	321.1	353.5	410.4	549.2	504.5	673.8	781.7	828.1
Advertising And Market Research	18,071.5	24,438.8	28,382.2	34,027.4	46,910.6	57,572.3	61,385.2	67,492.1
Architectural	379.4	375.5	385.9	350.9	311.6	308.5	516.4	551.8
Business Management	23,008.1	26,122.6	28,651.9	28,904.5	30,098.1	35,021.5	45,295	45,864.5
Engineering And Technical	4,294.1	5,057.7	7,790.3	8,272.3	11,323.5	10,684.1	12,151.8	12,668.6
Legal	1,007.8	1,043	1,122.2	1,255	1,363.8	1,451.2	1,693.4	1,743.4
Research And Development	1,095.3	1,059.4	1,007.4	1,176.9	1,491.5	1,431.4	1,641.5	1,712.3
Operating Leasing	4,291.4	4,887.7	5,164.9	5,273.2	5,455.3	5,815.7	6,497.2	6,722.5
Trade-Related	6,852.3	8,639.3	10,402.5	8,851	9,180.3	11,489.4	12,907.1	13,495.7
Others	907.5	1,031.9	1,321.8	1,279.2	1,532.5	1,643	2,291.8	2,312.6
Imports Of Services	251,785.8	274,129.6	285,608.4	290,030.5	332,601.1	409,062	438,107.8	469,181.5
Manufacturing Services On Physical Inputs Owned By Others	8,766.5	8,133.9	8,471.2	9,643.1	10,495.5	11,700.4	9,794.7	9,865.1
Maintenance And Repair Services	1,109.6	1,333.6	1,546.4	1,241.3	1,243.5	1,584	1,870.6	1,891
Transport	70,386.8	86,422.8	87,692.9	97,975.4	118,341.3	154,037.5	149,528.1	162,013.4
Freight	47,469.6	56,671.2	57,272.7	67,613.3	83,573.8	113,593.3	107,795	116,964.9
Others	22,917.2	29,751.6	30,420.2	30,362.1	34,767.5	40,444.2	41,733.1	45,048.5
Travel	34,308.2	35,738.2	38,098.1	9,711.4	5,897.8	21,532.4	34,762.6	41,790.5
Insurance	5,572.4	6,664.8	7,480.9	9,124.8	7,856.9	10,755.6	9,238.2	10,605.2
Government Goods And Services	293.4	311.1	315.6	288.9	299.9	327	335.7	383.7
Construction	519	748.8	648.1	678.7	791.9	797.6	900.2	1,010.4
Financial	7,848.2	9,140.6	10,250.8	13,777.4	14,914.9	16,641.2	20,671.3	23,225.3
Telecommunications, Computer & Information	20,531.7	19,516.5	22,683.7	31,135.5	35,848.9	34,991.9	41,563.9	43,523.1
Charges For The Use Of Intellectual Property	21,809.8	23,275	21,028.1	21,108.1	22,070.3	22,829.8	23,205.6	24,062.5
Personal, Cultural And Recreational	599	926	1,058.9	1,059.1	1,336.2	1,739.8	1,764.6	1,819.6
Other Business Services	80,041.2	81,918.3	86,333.7	94,286.8	113,504	132,124.8	144,472.3	148,991.7
Accounting	417.4	486.8	556	634.1	624	951.5	1,154.3	1,180.6
Advertising And Market Research	8,057.1	10,265.5	13,898.5	15,587.3	20,429.3	24,135.3	29,915.6	30,918.1
Architectural	56.1	66.8	52.1	57.5	62.4	59.6	56.2	57.8
Business Management	24,180.8	26,665.1	30,668	31,711.6	36,476.5	42,834.9	49,473.8	50,386.2
Engineering And Technical	3,208.7	3,347.7	4,438.6	5,187.6	6,057.4	6,954.3	7,639.7	7,910
Legal	360.6	415	456.4	607.1	719.2	725.6	983.7	1,009.5
Research And Development	22,423.8	19,070	18,227.1	21,688.4	25,657.8	27,632.1	29,120.3	30,345.1
Operating Leasing	5,549.6	5,396.8	4,701.4	3,736	4,983.7	8,417.1	7,091.1	7,291.2
Trade-Related	15,394.7	15,837.2	12,960.6	14,728.9	17,951	19,779.9	18,268.5	19,117.6
Others	392.4	367.4	375	348.3	542.7	634.5	769.1	775.6

SOURCE : SINGAPORE DEPARTMENT OF STATISTICS

Footnotes

Please refer to Technical Notes (https://www.singstat.gov.sg/-/media/files/find_data/trade-and-investment/notesinttrade.pdf) for more information on trade in services data sources and compilation methodology.

Trade In Services By Services Category, Annual

Trade In Services By Detailed Services Category, Annual

Exports Of Services By Major Trading Partner, Annual

Exports Of Services By Major Trading Partner And Services Category, Annual

Imports Of Services By Major Trading Partner, Annual

Imports Of Services By Major Trading Partner And Services Category, Annual

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Visualising Data

View and explore data with the latest visualisations:

Singapore International Trade Infographic

An animated overview of Singapore’s international trade, presenting the latest figures on merchandise trade and trade in services with breakdown by major trading partners, as well as by commodity sections and services categories.

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Singapore's International Trade in Services Dashboard

This interactive dashboard allows you to explore trends in exports and imports of services by detailed services category, trading region and trading partner.

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