1.  Overview the trade of SINGAPORE in goods current year until 202003

According to Dalian Infobank, in 202003, SINGAPORE's exports and imports of goods amounted to 59472.2360 million, and were down 4.76% comparing with the same period of last year. Among these, exports were down 5.31% at 30925.2640 million, and imports were down 4.16% at 28546.9720 million. And the corresponding trade surplus was 2378.2920 million and down 17.25%.

During the current year until 202003, SINGAPORE's total exports and imports of goods were 178888.7900 million and were down 1.71% comparing to the same period of last year. Among these, exports were 91475.5190 million and down 3.65%; imports were 87413.2710 million and up 0.40%. The total trade surplus was 4062.2480 million and down 48.37%.

If considering by country (region), CHINA, UNITED STATES, MALAYSIA, TAIWAN, HONG KONG were SINGAPORE's top five trading partners. During the current year until 202003, SINGAPORE's imports and exports to five countries/territories were 21342.1660 million, 19741.2240 million, 19424.2870 million, 12277.2820 million, 11248.5920 million. These values correspond to 11.93%, 11.04%, 10.86%, 6.86%, 6.29% of SINGAPORE's imports and exports, and, respectively, were down 9.79%, up 3.44%, down 0.30%, up 10.75%, down 3.44% comparing to the same period of last year.

Current year until 202003, SINGAPORE and the top five trade partners HONG KONG, CHINA, UNITED STATES, MALAYSIA, INDONESIA are the top five countries/territories that SINGAPORE exports to in terms of the total export amount. During the current year until 202003, SINGAPORE's exports to these five countries/territories were 10538.8300 million, 10210.6280 million, 9691.8210 million, 9117.8420 million, 6341.9560 million. These values correspond to 11.52%, 11.16%, 10.59%, 9.97%, 6.93% of SINGAPORE's exports and, respectively, were down 3.17%, down 14.70%, up 13.10%, down 6.32%, down 5.92% comparing with the same period of last year.

Current year until 202003, 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 202003, SINGAPORE's imports from these five countries/territories were 11131.5380 million, 10306.4450 million, 10049.4030 million, 7986.7150 million, 5168.8890 million. These values correspond to 12.73%, 11.79%, 11.50%, 9.14%, 5.91% of SINGAPORE's total imports and, respectively, were down 4.77%, up 5.72%, down 4.43%, up 10.99%, up 3.04% comparing with the same period of last year.

During the current year until 202003, the trade surplus of SINGAPORE was mainly from HONG KONG, INDONESIA, VIETNAM, NETHERLANDS, THAILAND at 9829.0680 million, 2011.9430 million, 1968.5660 million, 1904.4460 million, 1643.6980 million, and down 2.85%, down 29.34%, down 15.10%, up 21.67%, down 13.32%. And the trade deficits were mainly from TAIWAN, FRANCE, UNITED KINGDOM, QATAR, SWITZERLAND at 3696.1480 million, 1935.9960 million, 1709.6700 million, 1437.6620 million, 1216.7120 million, and up 11.79%, up 18.68%, up 11.02%, up 19.50%, down 0.63%.

Current year until 202003, SINGAPORE's trade surplus or deficit with top five countries/territories During the current year until 202003,  commodities with hs2 codes, 85, 84, 27, 71, 90, were SINGAPORE's top five traded commodities. They correspond to the import and export values of 54957.7610 million, 28494.6520 million, 27753.0270 million, 10917.3460 million, 8174.0410 million, which were up 5.13%, up 1.61%, down 8.75%, up 18.68%, up 7.21% comparing with the same period of last year and account for 30.72%, 15.93%, 15.51%, 6.10%, 4.57% of SINGAPORE's total imports and exports.

During the current year until 202003, 85, 84, 27, 90, 71 were SINGAPORE's top five traded commodities, with total import and export values of 30148.8780 million, 14750.1120 million, 10232.5110 million, 4974.5070 million, 4882.6060 million. These values correspond to 32.96%, 16.12%, 11.19%, 5.44%, 5.34% of SINGAPORE's total exports and, respectively, were up 4.50%, up 6.45%, down 9.93%, up 3.61%, up 6.16% comparing to the same period of last year.

During the current year until 202003, 85, 27, 84, 71, 90 were SINGAPORE's top five traded commodities, with total import values of 24808.8830 million, 17520.5160 million, 13744.5400 million, 6034.7400 million, 3199.5340 million. These values correspond to 28.38%, 20.04%, 15.72%, 6.90%, 3.66% of SINGAPORE's total exports and, respectively, were up 5.90%, down 8.05%, down 3.12%, up 31.20%, up 13.34% comparing to the same period of last year.

2. Current year until 202003, SINGAPORE binational trade profile

According to Dalian Infobank, during the current year until 202003, SINGAPORE-China binational exports and imports of goods amounted to 21342.1660 million and were down 9.79% comparing with the same period of last year. Among these, exports from SINGAPORE to China were 10210.6280 million and down 14.70%, imports from China to SINGAPORE were 11131.5380 million and down 4.77%. The total binational trade deficit was 920.9100 million and down 428.13%.

During the urrent year until 202003, commodities with hs2 code, 85, 84, 27, 39, 71, were binational trade's top five traded commodities. They correspond to import and export values of 7751.0820 million, 4000.0560 million, 2521.4870 million, 1159.0620 million, 880.7350 million and makes up 36.32%, 18.74%, 11.81%, 5.43%, 4.13% of the total binational imports and exports. These values were also down 0.25%, up 15.81%, down 19.30%, down 30.66%, down 47.52% comparing to the same period last year.

During the current year until 202003, 85, 84, 39, 71, 27 were the top five traded commodities exported to China from SINGAPORE, with export values of 3362.2130 million, 1619.0240 million, 999.3320 million, 790.2600 million, 692.7180 million. These values account for 32.93%, 15.86%, 9.79%, 7.74%, 6.78% of SINGAPORE's total exports and were up 6.06%, up 29.95%, down 33.34%, down 50.96%, down 29.01% comparing to the same period of last year.

During the current year until 202003, 85, 84, 27, 90, 29 were SINGAPORE's top five traded commodities importing from China , with import values of 4388.8690 million, 2381.0320 million, 1828.7690 million, 265.3260 million, 217.9610 million. These values account for 39.43%, 21.39%, 16.43%, 2.38%, 1.96% of SINGAPORE's total imports and were down 4.59%, up 7.83%, down 14.89%, up 8.85%, up 5.76% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: IE Singapore