Singapore recorded a trade surplus of 3787.85 Million SGD in August of 2019. Balance of Trade in Singapore averaged 912.91 Million SGD from 1964 until 2019, reaching an all time high of 8077.24 Million SGD in March of 2015 and a record low of -1999.81 Million SGD in October of 1993.

Balance of Trade in Singapore is expected to be 3300.00 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 1800.00 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
2019-06-17 12:30 AM Balance of Trade May $3.96B $2.75B $4.1B
2019-07-17 12:30 AM Balance of Trade Jun $2.45B $3.91B $3.7B
2019-08-16 12:30 AM Balance of Trade Jul $2.83B $2.45B $2.5B
2019-09-17 12:30 AM Balance of Trade Aug $3.79B $2.85B $4.2B
2019-10-17 12:30 AM Balance of Trade Sep $3.79B $ 4B
2019-11-18 12:30 AM Balance of Trade Oct $4.4B
2019-12-17 12:30 AM Balance of Trade Nov $4.2B


Singapore Trade Last Previous Highest Lowest Unit
Balance of Trade 3787.85 2852.55 8077.24 -1999.81 Million SGD [+]
Current Account 21497.50 21617.80 24780.60 -659.20 SGD Million [+]
Current Account to GDP 17.70 16.00 26.10 -13.10 percent [+]
Imports 40360.18 40071.68 44689.59 266.38 Million SGD [+]
Exports 44148.04 42924.23 48730.89 197.68 Million SGD [+]
External Debt 2080866.80 2043894.40 2080866.80 854184.00 SGD Million [+]
Terms of Trade 100.69 99.17 174.30 96.67 Index Points [+]
Capital Flows 53513.20 9376.80 53513.20 -5008.50 SGD Million [+]
Tourist Arrivals 1734903.00 1801365.00 1801365.00 147954.00 [+]
Gold Reserves 127.40 127.40 127.40 0.00 Tonnes [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Foreign Direct Investment 39895.40 37893.00 39895.40 -4441.60 SGD Million [+]


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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3787.85 2852.55 8077.24 -1999.81 1964 - 2019 Million SGD Monthly
SA




Country Last Previous
Argentina 1168.00 Aug/19
Australia 5926.00 Aug/19
Brazil 2250.00 Sep/19
Canada -955.30 Aug/19
China 396.50 Sep/19
Euro Area 24789.70 Jul/19
France -5019.00 Aug/19
Germany 16205.00 Aug/19
India -13450.00 Aug/19
Indonesia -160.50 Sep/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico 775.00 Aug/19
Netherlands 3879.00 Aug/19
Russia 12006.00 Aug/19
Saudi Arabia 127500.00 Jun/19
Singapore 3787.85 Aug/19
South Africa 6842.94 Aug/19
South Korea 5973.00 Sep/19
Spain -2490000.00 Jul/19
Switzerland 1152.71 Aug/19
Turkey -2500.39 Aug/19
United Kingdom -1546.00 Aug/19
United States -54896.00 Aug/19


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