1.  Overview the trade of SINGAPORE in goods current year until 202002

According to Dalian Infobank, in 202002, SINGAPORE's exports and imports of goods amounted to 57771.5830 million, and were up 2.98% comparing with the same period of last year. Among these, exports were down 0.26% at 29371.9580 million, and imports were up 6.57% at 28399.6250 million. And the corresponding trade surplus was 972.3330 million and down 65.26%.

During the current year until 202002, SINGAPORE's total exports and imports of goods were 119416.5540 million and were down 0.12% comparing to the same period of last year. Among these, exports were 60550.2550 million and down 2.77%; imports were 58866.2990 million and up 2.77%. The total trade surplus was 1683.9560 million and down 66.28%.

If considering by country (region), MALAYSIA, CHINA, UNITED STATES, TAIWAN, HONG KONG were SINGAPORE's top five trading partners. During the current year until 202002, SINGAPORE's imports and exports to five countries/territories were 13796.0230 million, 13435.4390 million, 12731.3800 million, 8064.0270 million, 7113.1510 million. These values correspond to 11.55%, 11.25%, 10.66%, 6.75%, 5.96% of SINGAPORE's imports and exports, and, respectively, were up 9.26%, down 13.96%, up 3.50%, up 10.40%, down 8.05% comparing to the same period of last year.

Current year until 202002, SINGAPORE and the top five trade partners HONG KONG, CHINA, MALAYSIA, 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 202002, SINGAPORE's exports to these five countries/territories were 6660.4490 million, 6525.7900 million, 6523.7410 million, 6226.7030 million, 4222.0550 million. These values correspond to 11.00%, 10.78%, 10.77%, 10.28%, 6.97% of SINGAPORE's exports and, respectively, were down 9.60%, down 18.93%, up 1.89%, up 14.72%, down 4.85% comparing with the same period of last year.

Current year until 202002, SINGAPORE's exports to top five countries/territories MALAYSIA, CHINA, 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 202002, SINGAPORE's imports from these five countries/territories were 7272.2820 million, 6909.6490 million, 6504.6770 million, 5266.7300 million, 3328.6480 million. These values correspond to 12.35%, 11.74%, 11.05%, 8.95%, 5.65% of SINGAPORE's total imports and, respectively, were up 16.84%, down 8.67%, down 5.36%, up 11.29%, up 3.95% comparing with the same period of last year.

During the current year until 202002, the trade surplus of SINGAPORE was mainly from HONG KONG, VIETNAM, INDONESIA, NETHERLANDS, INDIA at 6207.7470 million, 1398.6560 million, 1369.8410 million, 1233.4060 million, 902.4500 million, and down 11.31%, down 10.66%, down 27.53%, up 9.54%, up 1.61%. And the trade deficits were mainly from TAIWAN, FRANCE, UNITED KINGDOM, QATAR, SWITZERLAND at 2469.4330 million, 1351.5450 million, 1189.5590 million, 1139.3450 million, 903.3220 million, and up 14.32%, up 24.28%, up 10.70%, up 27.18%, up 14.99%.

Current year until 202002, SINGAPORE's trade surplus or deficit with top five countries/territories During the current year until 202002,  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 36165.9000 million, 19979.9780 million, 18832.9280 million, 6425.7980 million, 5353.6410 million, which were up 5.01%, down 4.09%, up 4.62%, up 6.33%, up 13.28% comparing with the same period of last year and account for 30.29%, 16.73%, 15.77%, 5.38%, 4.48% of SINGAPORE's total imports and exports.

During the current year until 202002, 85, 84, 27, 90, 71 were SINGAPORE's top five traded commodities, with total import and export values of 19993.5410 million, 9653.1810 million, 7155.3750 million, 3229.4530 million, 2518.0160 million. These values correspond to 33.02%, 15.94%, 11.82%, 5.33%, 4.16% of SINGAPORE's total exports and, respectively, were up 3.72%, up 9.82%, down 5.16%, up 9.31%, down 21.14% comparing to the same period of last year.

During the current year until 202002, 85, 27, 84, 71, 90 were SINGAPORE's top five traded commodities, with total import values of 16172.3590 million, 12824.6030 million, 9179.7470 million, 3907.7820 million, 2124.1880 million. These values correspond to 27.47%, 21.79%, 15.59%, 6.64%, 3.61% of SINGAPORE's total exports and, respectively, were up 6.66%, down 3.48%, down 0.34%, up 37.11%, up 19.91% comparing to the same period of last year.

2. Current year until 202002, SINGAPORE binational trade profile

According to Dalian Infobank, during the current year until 202002, SINGAPORE-China binational exports and imports of goods amounted to 13435.4390 million and were down 13.96% comparing with the same period of last year. Among these, exports from SINGAPORE to China were 6525.7900 million and down 18.93%, imports from China to SINGAPORE were 6909.6490 million and down 8.67%. The total binational trade deficit was 383.8590 million and down 179.17%.

During the urrent year until 202002, 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 4678.4510 million, 2432.9940 million, 1679.2280 million, 812.1450 million, 723.6320 million and makes up 34.82%, 18.11%, 12.50%, 6.04%, 5.39% of the total binational imports and exports. These values were also down 9.21%, up 12.95%, down 16.92%, down 38.99%, down 37.45% comparing to the same period last year.

During the current year until 202002, 85, 84, 71, 39, 27 were the top five traded commodities exported to China from SINGAPORE, with export values of 1957.2400 million, 928.9020 million, 779.9880 million, 628.3050 million, 531.1380 million. These values account for 29.99%, 14.23%, 11.95%, 9.63%, 8.14% of SINGAPORE's total exports and were down 10.63%, up 28.62%, down 39.53%, down 39.93%, down 11.58% comparing to the same period of last year.

During the current year until 202002, 85, 84, 27, 90, 29 were SINGAPORE's top five traded commodities importing from China , with import values of 2721.2110 million, 1504.0920 million, 1148.0900 million, 167.9070 million, 118.5330 million. These values account for 39.38%, 21.77%, 16.62%, 2.43%, 1.72% of SINGAPORE's total imports and were down 8.16%, up 5.05%, down 19.18%, up 11.23%, down 12.80% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: IE Singapore