Global Import Export Data Provider

  In 2023, Singapore reached an impressive milestone with a total export value of around $400 billion. This achievement underscores Singapore's role as a global trading powerhouse, particularly in the electronics and pharmaceutical sectors.  Electronics have always been a keystone of Singapore’s economy. In 2023, the electronics sector continued to thrive, contributing significantly to the total export value. The country is known for its advanced manufacturing capabilities, producing semiconductors, computer parts, and consumer electronics. As we delve into the details, we’ll also look ahead to the Singapore export data for 2024 and what it implies for the nation’s economy. Electronics: The Backbone of Exports Electronics have long been a cornerstone of Singapore’s economy, and 2023 was no exception. The electronics sector contributed significantly to the total export value, driven by the demand for semiconductors, telecommunications equipment, and consumer electronics. Accor...

  Singapore is a prominent diesel oil importer. Typically Singapore diesel oil imports mostly came from South Korea, China, Taiwan, Russia and Saudi Arabia. Singapore import export data shows that the country's maximum diesel imports volume came from Russia. Last year, Russian diesel oil exports to Singapore crossed over 95K tonnes. Whereas, it came down to 20K tonnes this year. Saudi Arabia was the 6th leading exporter of fuels to Singapore. Saudi Arabia was responsible for over 56% share in Singapore's fuel imports. Whereas, Saudi Arabia's refined petroleum exports to Singapore were estimated to be $1.3 billion during FY 2022.  Saudi Arabia has always been a crucial trade partner of Singapore. The trade forecast shows that Singapore is expected to receive over 400,000 tonnes this year. Singapore import data shows that the country’s imports from Saudi Arabia totaled to be $6.8 billion in this fiscal year. The top imports include crude petroleum, refined petroleum, plasti...

Vietnam is one of the biggest exporter textiles globally. Over the years, Singapore has emerged as an important export destination for Vietnam. According to the Singapore export data reports, Singapore exported goods worth over $4.2 billion to Vietnam. The top exported goods include milk products, animals/vegetable fats & oils, cereals, animal fodder, mineral oils, chemicals and pharmaceutical products.  Petroleum products were the top imports made by Vietnam from Singapore with the overall export value of $1.44 billion in FY 2022. Also, essential oils were the second most imported products by Vietnam from Singapore $403 million during last year. In the recent months, Singapore had made the maximum amount of apparel import shipments. The latest Singapore import export data suggests that Singapore made record textiles imports from Vietnam with a record value of $68 million during this year. Whereas, in 2022, $125 million worth of textiles exports were made by Vietnam to Singapo...

  Singapore is a developed nation. Singapore is the 35th biggest economy in the world and is the 19th leading exporter globally. Over the years, Singapore's exports have shown rapid rise. As per the Singapore import export data reports, the exports were $662 billion in 2019 while it goes up to $870 billion in 2022. As compared to the $782 billion worth exports in 2021, there was an increase of 11% in Singapore's overall exports. But in the latest financial year, there is a drop of 13% in Singapore’s non-oil exports. Singapore’s important trading partners for exports are China, Hong Kong, United States, Indonesia and Malaysia. China and Hong Kong account for over 16% and 15% share in Singapore’s exports. Singapore's top export items are integrated circuits, refined petroleum, gold, medicaments, heavy machinery, photo lab equipment, office parts, gas turbines, etc. Singapore customs data shows integrated circuits cover over 16% share of the country’s overall exports. Hong K...

  Singapore is a very powerful economy. It stands 35th on the list of largest economies by GDP. According to the Singapore customs data reports, the country's total trade value was estimated around $990 Billion. Singapore is the 19th largest exporter of goods in the world.  Whereas, in terms of imports, Singapore was ranked 16th biggest importer in the world. As per the latest Singapore import export data reports, the overall exports and imports were down by 16% in the first quarter of FY 2023. In March 2023, Singapore's overall trade fell by 8.4%. The oil products had seen a major decline of 16% and the non-oil products share of imports were down to 65%. During March 2023, Singapore's overall trade value crossed $104 billion while it was $96 Billion in the previous month. As compared to the same period last year, there is a sharp decline in imports and exports of the country. Singapore's oil exports are mostly to Australia and Indonesia, which declined by 15% during ...

  Singapore is the major destination for poultry meat imports. Singapore does numerous amounts of poultry meat imports from various nations in order to fulfil its domestic market requirements. Singapore is currently the 28th biggest poultry meat importer in the world. According to the Singapore customs data reports, Singapore's poultry meat imports were estimated around 256 million dollars in the fiscal year 2022.  Brazil accounted for the maximum number of poultry imports from Singapore in the financial year 2022. As per Singapore import data , Brazil exported around 149 million kgs of poultry meat to Singapore. Earlier, the neighbouring country, Malaysia was the crucial supplier of chicken to Singapore.  According to the sources, it has over 34% share in Singapore's total meat imports. But now amid a ban imposed by Malaysia on Chicken exports, Singapore is facing a Chicken rice crisis. Historical trade data of Singapore suggests that Malaysia accounted for over 5 milli...

  Currently, Russia is the top supplier of natural gas globally. Russia has cutted off the natural gas supply to European countries amid war. This has affected the global natural gas supply chain and led to rising prices. This resulted in the rising imports of natural gas from Indonesia and Singapore. Singapore's electricity needs are continuously expanding. Singapore mostly imports natural gas to generate 95% of its electricity. Singapore’s natural gas consumption was around 43 thousand megawatts during 2022. As per historical Singapore import export data , In 2018, natural gas imports by Singapore were around 10 million metric tons mostly imported from Indonesia and Malaysia. According to the Singapore customs data reports, Malaysia and Indonesia cover over 71% of the total natural gas imports of Singapore. Other major importers were Qatar, United States, Angola and Australia. The imports of natural gas increased by 4% as compared to last year. Latest Singapore market trends sugg...

  Singapore is likely to reduce its dependency on electrical energy and invest in a greener future. Singapore is aiming to develop its solar energy sector. The Singapore government is about to import renewable energy from the foreign countries. Currently, Singapore makes 90% of its total electricity from natural gas that affects the country's economy. That is why, the Singapore government has planned to import 30% of its electricity from solar energy by 2030. The government has signed some trade pacts with Indonesia, Cambodia, Thailand, Malaysia and India to import greener energy. As per Singapore import export data reports, Indonesia is currently the major export market for renewable energy to Singapore. According to the Singapore customs data reports of April 2022, Quantum Power Asia from Singapore along with its partner IB Vogt (Germany based company) invested around 6.5 billion dollars to generate 3.5 GW solar energy.   And to store 12 GW hour battery storage convenience...

  The Republic of Singapore is an independent island nation and city-state in maritime Southeast Asia.  It is situated one degree of latitude (137 kilometers or 85 miles) north of the equator, off the southernmost point of the Malay Peninsula. As per the latest Singapore import export data , Singapore is leading the 36th rank in the world in terms of highest GDP with an overall amount of around $908 Billion US Dollars in the last fiscal year 2021.  In this blog, we will give you in-depth information related to the Singapore import-export trade report update 2021.  As per the latest Singapore import data , the most imported product of singapore is Electrical Machinery, Equipment with a toital worth percentage of around 32.50% in the last fiscal year 2021. Through our market intelligence report of import export data, you have a chance to build an effective relation with active buyers and suppliers present in the singapore market.  Based on the Singapore export dat...