1.  Overview the trade of SINGAPORE in goods current year until 202004

According to Dalian Infobank, in 202004, SINGAPORE's exports and imports of goods amounted to 52216.1780 million, and were down 17.12% comparing with the same period of last year. Among these, exports were down 16.95% at 27031.2520 million, and imports were down 17.30% at 25184.9260 million. And the corresponding trade surplus was 1846.3260 million and down 11.98%.

During the current year until 202004, SINGAPORE's total exports and imports of goods were 231104.9680 million and were down 5.67% comparing to the same period of last year. Among these, exports were 118506.7710 million and down 7.04%; imports were 112598.1970 million and down 4.19%. The total trade surplus was 5908.5740 million and down 40.71%.

If considering by country (region), CHINA, UNITED STATES, MALAYSIA, TAIWAN, HONG KONG were SINGAPORE's top five trading partners. During the current year until 202004, SINGAPORE's imports and exports to five countries/territories were 28775.7580 million, 26814.0840 million, 23830.1900 million, 16467.8790 million, 15112.3640 million. These values correspond to 12.45%, 11.60%, 10.31%, 7.13%, 6.54% of SINGAPORE's imports and exports, and, respectively, were down 10.47%, up 3.86%, down 10.26%, up 9.59%, down 4.89% comparing to the same period of last year.

Current year until 202004, 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 202004, SINGAPORE's exports to these five countries/territories were 14190.0010 million, 13725.0120 million, 13660.4120 million, 11145.9930 million, 7877.9460 million. These values correspond to 11.97%, 11.58%, 11.53%, 9.41%, 6.65% of SINGAPORE's exports and, respectively, were down 3.10%, down 15.99%, up 19.76%, down 16.11%, down 13.04% comparing with the same period of last year.

Current year until 202004, SINGAPORE's exports to top five countries/territories CHINA, UNITED STATES, MALAYSIA, TAIWAN, JAPAN are the top five countries/territories that SINGAPORE imports from in terms of the total export amount. During the current year until 202004, SINGAPORE's imports from these five countries/territories were 15050.7460 million, 13153.6720 million, 12684.1970 million, 10731.4120 million, 6691.0090 million. These values correspond to 13.37%, 11.68%, 11.27%, 9.53%, 5.94% of SINGAPORE's total imports and, respectively, were down 4.77%, down 8.73%, down 4.40%, up 8.91%, down 1.07% comparing with the same period of last year.

During the current year until 202004, the trade surplus of SINGAPORE was mainly from HONG KONG, NETHERLANDS, INDONESIA, VIETNAM, BELGIUM at 13267.6380 million, 2574.8060 million, 2329.5810 million, 2090.7920 million, 1697.7670 million, and down 0.97%, up 47.76%, down 43.68%, down 32.13%, up 152.72%. And the trade deficits were mainly from TAIWAN, FRANCE, UNITED KINGDOM, QATAR, MALAYSIA at 4994.9450 million, 2346.3430 million, 1994.9370 million, 1687.3980 million, 1538.2040 million, and up 6.72%, up 14.86%, up 18.96%, up 3.29%, down 8429.47%.

Current year until 202004, SINGAPORE's trade surplus or deficit with top five countries/territories During the current year until 202004,  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 72903.3370 million, 36712.7760 million, 32801.8730 million, 14829.5520 million, 10601.7190 million, which were up 4.10%, down 3.80%, down 20.39%, up 19.34%, up 3.53% comparing with the same period of last year and account for 31.55%, 15.89%, 14.19%, 6.42%, 4.59% of SINGAPORE's total imports and exports.

During the current year until 202004, 85, 84, 27, 71, 90 were SINGAPORE's top five traded commodities, with total import and export values of 39755.2890 million, 19028.6350 million, 12070.0760 million, 6568.5670 million, 6516.1890 million. These values correspond to 33.55%, 16.06%, 10.19%, 5.54%, 5.50% of SINGAPORE's total exports and, respectively, were up 3.64%, up 0.16%, down 22.36%, up 1.41%, up 2.13% comparing to the same period of last year.

During the current year until 202004, 85, 27, 84, 71, 90 were SINGAPORE's top five traded commodities, with total import values of 33148.0480 million, 20731.7970 million, 17684.1410 million, 8260.9850 million, 4085.5300 million. These values correspond to 29.44%, 18.41%, 15.71%, 7.34%, 3.63% of SINGAPORE's total exports and, respectively, were up 4.66%, down 19.19%, down 7.73%, up 38.85%, up 5.84% comparing to the same period of last year.

2. Current year until 202004, SINGAPORE binational trade profile

According to Dalian Infobank, during the current year until 202004, SINGAPORE-China binational exports and imports of goods amounted to 28775.7580 million and were down 10.47% comparing with the same period of last year. Among these, exports from SINGAPORE to China were 13725.0120 million and down 15.99%, imports from China to SINGAPORE were 15050.7460 million and down 4.77%. The total binational trade deficit was 1325.7340 million and down 348.19%.

During the urrent year until 202004, commodities with hs2 code, 85, 84, 27, 39, 90, were binational trade's top five traded commodities. They correspond to import and export values of 10405.3950 million, 5520.3550 million, 3081.0830 million, 1610.8270 million, 1192.5450 million and makes up 36.16%, 19.18%, 10.71%, 5.60%, 4.14% of the total binational imports and exports. These values were also down 0.76%, up 11.75%, down 25.53%, down 26.30%, up 0.67% comparing to the same period last year.

During the current year until 202004, 85, 84, 39, 27, 71 were the top five traded commodities exported to China from SINGAPORE, with export values of 4497.1960 million, 2245.3930 million, 1381.0410 million, 987.1510 million, 812.0100 million. These values account for 32.77%, 16.36%, 10.06%, 7.19%, 5.92% of SINGAPORE's total exports and were up 5.73%, up 28.32%, down 29.23%, down 30.73%, down 65.37% comparing to the same period of last year.

During the current year until 202004, 85, 84, 27, 90, 29 were SINGAPORE's top five traded commodities importing from China , with import values of 5908.1990 million, 3274.9620 million, 2093.9320 million, 401.3990 million, 292.6700 million. These values account for 39.26%, 21.76%, 13.91%, 2.67%, 1.94% of SINGAPORE's total imports and were down 5.19%, up 2.66%, down 22.80%, up 17.53%, up 6.44% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: IE Singapore