Singapore Balance of Trade  1964-2017 | Data | Chart | Calendar | Forecast

Singapore trade surplus fell to SGD 5.09 billion in September of 2017 from SGD 6.33 billion a year earlier. It was the smallest trade surplus since January. Total exports grew by 3.8 percent year-on-year to SGD 40.75 billion, following a 15.1 percent rise in August, mainly due to an increase in non-electronic products. Meanwhile, imports went up by 9.1 percent to SGD 35.66 billion, compared to a 15.8 percent growth in the preceding month. Total trade expanded 6.2 percent, after a 15.4 percent expansion in the preceding month. In 2017, the trade surplus came in at SGD 5.85 billion. Balance of Trade in Singapore averaged 796.67 Million SGD from 1964 until 2017, reaching an all time high of 8482.86 Million SGD in March of 2015 and a record low of -1985.81 Million SGD in October of 1993.

Singapore Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2017-08-17 12:30 AM Balance of Trade $5.5B $6.4B $7.1B
2017-09-18 12:30 AM Balance of Trade $5.8B $5.3B $6.6B
2017-10-17 12:30 AM Balance of Trade $5.1B $5.8B $6.8B
2017-11-17 12:30 AM Balance of Trade $5.1B $5.1B
2017-12-18 12:30 AM Balance of Trade


Singapore Trade Last Previous Highest Lowest Unit
Balance of Trade 5090.13 5848.88 8482.86 -1985.81 Million SGD [+]
Exports 40754.53 44031.35 46169.53 197.68 Million SGD [+]
Imports 35664.40 38182.47 44108.04 266.38 Million SGD [+]
Current Account 21049.50 20092.90 23731.80 -659.20 SGD Million [+]
Current Account to GDP 19.00 18.10 26.10 -13.10 percent [+]
External Debt 0.00 0.00 130.60 0.00 SGD Million [+]
Terms of Trade 104.07 104.72 178.53 99.02 Index Points [+]
Capital Flows 16744.30 3096.30 24455.00 -5008.50 SGD Million [+]
Tourist Arrivals 1631950.00 1386395.00 1631950.00 147954.00 [+]
Gold Reserves 127.40 127.40 127.40 0.00 Tonnes [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Weapons Sales 46.00 48.00 91.00 1.00 USD Million [+]
Foreign Direct Investment 18806.80 26154.40 29895.30 -4441.60 SGD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 (46 percent of the total exports), fuel (26 percent), and chemicals (13 percent). Main imports are: machinery and equipment (43 percent of the total exports), fuel (32 percent), miscellaneous manufactures (7 percent) and chemical products (7 percent). In recent years, the biggest trade deficits were recorded with China, Malaysia, the United States, Taiwan, Indonesia and the United Kingdom. Singapore records trade surpluses with Bahrain, Myanmar, Hong Kong, Brazil and India. 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 - actual data, historical chart and calendar of releases - was last updated on October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
5090.13 5848.88 8482.86 -1985.81 1964 - 2017 Million SGD Monthly
SA




balance of trade by Country

Last
Australia 989.00 Aug/17
Brazil 5178.00 Sep/17
Canada -3413.40 Aug/17
China 284.67 Sep/17
Euro Area 16086.90 Aug/17
France -4514.00 Aug/17
Germany 20000.00 Aug/17
India -8984.29 Sep/17
Indonesia 1760.00 Sep/17
Italy 2769.02 Aug/17
Japan 670.17 Sep/17
Mexico -2732.00 Aug/17
Netherlands 4073.00 Aug/17
Russia 6612.00 Aug/17
South Korea 13800.00 Sep/17
Spain -2099000.00 Jul/17
Switzerland 2917.62 Sep/17
Turkey -5873.11 Aug/17
United Kingdom -5626.00 Aug/17
United States -42395.00 Aug/17