Singapore recorded a trade surplus of 4999.88 Million SGD in September of 2021. source: Statistics Singapore

Balance of Trade in Singapore averaged 1060.73 Million SGD from 1964 until 2021, reaching an all time high of 7973.33 Million SGD in March of 2015 and a record low of -1999.81 Million SGD in October of 1993. This page provides the latest reported value for - Singapore Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Singapore Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

Balance of Trade in Singapore is expected to be 5400.00 Million SGD by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Balance of Trade is projected to trend around 8400.00 Million SGD in 2022 and 9300.00 Million SGD in 2023, according to our econometric models.

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Singapore Balance of Trade

Calendar GMT Actual Previous Consensus TEForecast
2021-09-17 01:00 AM Aug $6.253B $3.970B $4.5B
2021-10-18 01:00 AM Sep $4.999B $6.253B $ 6.5B
2021-11-17 12:30 AM Oct $4.999B

Singapore Last Unit Reference Previous Highest Lowest
Balance of Trade 4999.88 Million SGD Sep/21 6255.93 7973.33 -1999.81
Current Account 25642.00 SGD Million Jun/21 24423.00 25642.00 -659.20
Current Account to GDP 17.60 percent of GDP Dec/20 14.30 26.10 -13.10
Exports 50425.13 Million SGD Sep/21 50931.85 53137.76 197.68
Imports 45425.25 Million SGD Sep/21 44675.92 45425.25 266.38
External Debt 2245570.70 SGD Million Jun/21 2237428.00 2360156.70 854184.00
Terms of Trade 100.59 points Aug/21 100.22 174.30 96.39
Capital Flows 5086.10 SGD Million Jun/21 -6407.90 50498.80 -24268.40
Foreign Direct Investment 41342.00 SGD Million Jun/21 39262.50 43061.00 -4441.60

Singapore Balance of Trade
Singapore economy relies on purchasing of intermediate goods and exporting of high-value added products. Main exports are: machinery and equipment (43 percent of the total exports); petroleum (19 percent) and chemicals (13 percent). Main imports are: machinery and equipment (39 percent of the total imports); petroleum (33 percent); chemical products (7 percent) and miscellaneous manufactured articles (7 percent). In 2017, the biggest trade deficits were recorded with China, Hong Kong, Malaysia, Indonesia and the United States. Singapore did not record surpluses with any country.