1.  Overview the trade of SINGAPORE in goods current year until 202001

According to Dalian Infobank, in 202001, SINGAPORE's exports and imports of goods amounted to 61644.9710 million, and were down 2.86% comparing with the same period of last year. Among these, exports were down 5.02% at 31178.2970 million, and imports were down 0.54% at 30466.6740 million. And the corresponding trade surplus was 711.6230 million and down 67.58%.

During the current year until 202001, SINGAPORE's total exports and imports of goods were 61644.9710 million and were down 2.86% comparing to the same period of last year. Among these, exports were 31178.2970 million and down 5.02%; imports were 30466.6740 million and down 0.54%. The total trade surplus was 711.6230 million and down 67.58%.

If considering by country (region), CHINA, MALAYSIA, UNITED STATES, TAIWAN, INDONESIA were SINGAPORE's top five trading partners. During the current year until 202001, SINGAPORE's imports and exports to five countries/territories were 7782.4840 million, 7281.0780 million, 6395.2530 million, 4030.3370 million, 3565.0310 million. These values correspond to 12.62%, 11.81%, 10.37%, 6.54%, 5.78% of SINGAPORE's imports and exports, and, respectively, were down 6.20%, up 5.03%, down 0.47%, down 0.48%, down 7.51% comparing to the same period of last year.

Current year until 202001, SINGAPORE and the top five trade partners CHINA, MALAYSIA, HONG KONG, UNITED STATES, INDONESIA are the top five countries/territories that SINGAPORE exports to in terms of the total export amount. During the current year until 202001, SINGAPORE's exports to these five countries/territories were 3735.5530 million, 3596.9610 million, 3265.4240 million, 3061.3680 million, 2281.8730 million. These values correspond to 11.98%, 11.54%, 10.47%, 9.82%, 7.32% of SINGAPORE's exports and, respectively, were up 0.58%, up 1.77%, down 13.71%, up 6.04%, down 11.09% comparing with the same period of last year.

Current year until 202001, SINGAPORE's exports to top five countries/territories CHINA, MALAYSIA, UNITED STATES, TAIWAN, JAPAN are the top five countries/territories that SINGAPORE imports from in terms of the total export amount. During the current year until 202001, SINGAPORE's imports from these five countries/territories were 4046.9310 million, 3684.1170 million, 3333.8850 million, 2642.3280 million, 1582.4410 million. These values correspond to 13.28%, 12.09%, 10.94%, 8.67%, 5.19% of SINGAPORE's total imports and, respectively, were down 11.69%, up 8.43%, down 5.79%, down 0.77%, down 3.66% comparing with the same period of last year.

During the current year until 202001, the trade surplus of SINGAPORE was mainly from HONG KONG, INDONESIA, VIETNAM, NETHERLANDS, THAILAND at 2975.8250 million, 998.7150 million, 717.0410 million, 583.2500 million, 417.4780 million, and down 16.44%, down 21.88%, down 3.80%, down 9.06%, down 41.01%. And the trade deficits were mainly from TAIWAN, FRANCE, UNITED KINGDOM, SWITZERLAND, QATAR at 1254.3190 million, 826.7220 million, 547.6370 million, 533.0750 million, 471.5420 million, and down 1.69%, up 45.05%, up 5.19%, up 20.45%, up 2.62%.

Current year until 202001, SINGAPORE's trade surplus or deficit with top five countries/territories During the current year until 202001,  commodities with hs2 codes, 85, 27, 84, 71, 90, were SINGAPORE's top five traded commodities. They correspond to the import and export values of 18387.8280 million, 10600.1160 million, 9501.7910 million, 3616.0900 million, 2661.9640 million, which were down 1.87%, down 4.58%, down 0.94%, up 41.06%, up 3.89% comparing with the same period of last year and account for 29.83%, 17.20%, 15.41%, 5.87%, 4.32% of SINGAPORE's total imports and exports.

During the current year until 202001, 85, 84, 27, 71, 90 were SINGAPORE's top five traded commodities, with total import and export values of 10045.6540 million, 4943.5400 million, 3958.9430 million, 1654.5890 million, 1567.1530 million. These values correspond to 32.22%, 15.86%, 12.70%, 5.31%, 5.03% of SINGAPORE's total exports and, respectively, were down 3.60%, up 3.63%, down 2.54%, up 30.82%, down 2.02% comparing to the same period of last year.

During the current year until 202001, 85, 27, 84, 71, 90 were SINGAPORE's top five traded commodities, with total import values of 8342.1740 million, 6641.1730 million, 4558.2510 million, 1961.5010 million, 1094.8110 million. These values correspond to 27.38%, 21.80%, 14.96%, 6.44%, 3.59% of SINGAPORE's total exports and, respectively, were up 0.29%, down 5.75%, down 5.46%, up 51.04%, up 13.72% comparing to the same period of last year.

2. Current year until 202001, SINGAPORE binational trade profile

According to Dalian Infobank, during the current year until 202001, SINGAPORE-China binational exports and imports of goods amounted to 7782.4840 million and were down 6.20% comparing with the same period of last year. Among these, exports from SINGAPORE to China were 3735.5530 million and up 0.58%, imports from China to SINGAPORE were 4046.9310 million and down 11.69%. The total binational trade deficit was 311.3780 million and down 64.17%.

During the urrent year until 202001, commodities with hs2 code, 85, 84, 27, 71, 39, were binational trade's top five traded commodities. They correspond to import and export values of 2705.2060 million, 1335.1580 million, 815.3680 million, 679.3940 million, 425.3660 million and makes up 34.76%, 17.16%, 10.48%, 8.73%, 5.47% of the total binational imports and exports. These values were also down 8.99%, up 12.59%, down 32.22%, up 152.48%, down 11.46% comparing to the same period last year.

During the current year until 202001, 85, 71, 84, 39, 27 were the top five traded commodities exported to China from SINGAPORE, with export values of 1074.5740 million, 658.9860 million, 506.5890 million, 362.3780 million, 308.8860 million. These values account for 28.77%, 17.64%, 13.56%, 9.70%, 8.27% of SINGAPORE's total exports and were down 8.74%, up 168.05%, up 26.52%, down 10.46%, down 13.35% comparing to the same period of last year.

During the current year until 202001, 85, 84, 27, 90, 73 were SINGAPORE's top five traded commodities importing from China , with import values of 1630.6320 million, 828.5690 million, 506.4820 million, 111.8590 million, 88.5290 million. These values account for 40.29%, 20.47%, 12.52%, 2.76%, 2.19% of SINGAPORE's total imports and were down 9.16%, up 5.49%, down 40.17%, up 15.99%, up 2.78% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: IE Singapore