Singapore recorded a trade surplus of 4520.91 Million SGD in October of 2018. Balance of Trade in Singapore averaged 877.35 Million SGD from 1964 until 2018, reaching an all time high of 7827.21 Million SGD in December of 2011 and a record low of -2000.77 Million SGD in October of 1993.

Balance of Trade in Singapore is expected to be 6600.00 Million SGD by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Singapore to stand at 5250.00 in 12 months time. In the long-term, the Singapore Balance of Trade is projected to trend around 7300.00 Million SGD in 2020, according to our econometric models.

Singapore Balance of Trade
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-17 12:30 AM Balance of Trade $2.72B $5.29B $ 4.8B
2018-09-17 12:30 AM Balance of Trade $6.76B $2.72B $ 3.5B
2018-10-17 12:30 AM Balance of Trade $3.68B $6.76B $ 5.2B
2018-11-16 01:00 AM Balance of Trade $4.52B $3.68B $ 5.3B
2018-12-17 12:30 AM Balance of Trade $4.52B $ 6B
2019-01-17 12:45 AM Balance of Trade $ 6.6B
2019-02-15 01:00 AM Balance of Trade


Singapore Trade Last Previous Highest Lowest Unit
Balance of Trade 4520.91 3685.02 7827.21 -2000.77 Million SGD [+]
Exports 49635.26 47397.31 49635.26 197.68 Million SGD [+]
Imports 45114.35 43712.29 45114.35 266.38 Million SGD [+]
Current Account 23400.20 22883.70 25054.10 -659.20 SGD Million [+]
Current Account to GDP 19.50 19.00 26.10 -13.10 percent [+]
External Debt 2029398.90 1967083.10 2029398.90 854184.00 SGD Million [+]
Terms of Trade 101.78 101.87 178.53 99.02 Index Points [+]
Capital Flows 16532.50 14519.00 23813.20 -5008.50 SGD Million [+]
Tourist Arrivals 1415124.00 1681306.00 1730428.00 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 47.00 48.00 91.00 1.00 USD Million [+]
Foreign Direct Investment 32853.80 19484.10 32853.80 -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 (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. 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4520.91 3685.02 7827.21 -2000.77 1964 - 2018 Million SGD Monthly
SA




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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