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

Singapore trade surplus fell to SGD 2.95 billion in October of 2017 from SGD 4.72 billion a year earlier. It was the smallest trade surplus since February 2016. Total exports grew by 10.4 percent year-on-year to SGD 42.07 billion, following a 3.8 percent rise in September, due to an increase in both electronic and non-electronic products. Meanwhile, imports went up by 16.3 percent to SGD 39.12 billion, compared to a 9.1 percent growth in the preceding month. Total trade expanded 13.1 percent, after a 6.2 percent expansion in the preceding month. Balance of Trade in Singapore averaged 800 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
2017-09-18 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 01:00 AM Balance of Trade $2.95B $5.1B $5.1B
2017-12-18 12:30 AM Balance of Trade $2.95B $2.5B
2018-01-17 12:45 AM Balance of Trade
2018-02-15 01:00 AM Balance of Trade


Singapore Trade Last Previous Highest Lowest Unit
Balance of Trade 2947.76 5089.36 8482.86 -1985.81 Million SGD [+]
Exports 42071.60 40747.52 46169.53 197.68 Million SGD [+]
Imports 39123.84 35658.17 44108.04 266.38 Million SGD [+]
Current Account 21689.10 19812.70 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 103.86 103.66 178.53 99.02 Index Points [+]
Capital Flows 10324.70 15855.30 24455.00 -5008.50 SGD Million [+]
Tourist Arrivals 1319814.00 1559276.00 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2947.76 5089.36 8482.86 -1985.81 1964 - 2017 Million SGD Monthly
SA




balance of trade by Country
Country Last
Australia 105.00 Oct/17
Brazil 3545.75 Nov/17
Canada -1474.50 Oct/17
China 402.10 Nov/17
Euro Area 18923.20 Oct/17
France -4956.00 Oct/17
Germany 18900.00 Oct/17
India -13829.20 Nov/17
Indonesia 127.20 Nov/17
Italy 3989.78 Sep/17
Japan 285.36 Oct/17
Mexico -2066.00 Oct/17
Netherlands 5157.00 Oct/17
Russia 9832.00 Oct/17
South Korea 7800.00 Nov/17
Spain -2147708.00 Oct/17
Switzerland 2333.39 Oct/17
Turkey -7324.23 Oct/17
United Kingdom -1405.00 Oct/17
United States -48731.00 Oct/17