1.  Overview the trade of SINGAPORE in goods current year until 202005

According to Dalian Infobank, in 202005, SINGAPORE's exports and imports of goods amounted to 47189.4260 million, and were down 27.50% comparing with the same period of last year. Among these, exports were down 26.45% at 25006.1480 million, and imports were down 28.64% at 22183.2780 million. And the corresponding trade surplus was 2822.8700 million and down 3.07%.

During the current year until 202005, SINGAPORE's total exports and imports of goods were 278294.3940 million and were down 10.25% comparing to the same period of last year. Among these, exports were 143512.9190 million and down 11.13%; imports were 134781.4750 million and down 9.30%. The total trade surplus was 8731.4440 million and down 32.20%.

If considering by country (region), CHINA, UNITED STATES, MALAYSIA, TAIWAN, HONG KONG were SINGAPORE's top five trading partners. During the current year until 202005, SINGAPORE's imports and exports to five countries/territories were 35762.8860 million, 32947.1360 million, 28717.5690 million, 20299.6250 million, 18418.1170 million. These values correspond to 12.85%, 11.84%, 10.32%, 7.29%, 6.62% of SINGAPORE's imports and exports, and, respectively, were down 11.28%, up 0.46%, down 15.73%, up 6.80%, down 7.89% comparing to the same period of last year.

Current year until 202005, 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 202005, SINGAPORE's exports to these five countries/territories were 17375.4260 million, 17296.7130 million, 17289.9170 million, 13209.5520 million, 9076.8770 million. These values correspond to 12.11%, 12.05%, 12.05%, 9.20%, 6.32% of SINGAPORE's exports and, respectively, were down 6.42%, down 15.21%, up 17.72%, down 22.19%, down 19.53% comparing with the same period of last year.

Current year until 202005, 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 202005, SINGAPORE's imports from these five countries/territories were 18466.1730 million, 15657.2190 million, 15508.0170 million, 13348.5430 million, 7949.7100 million. These values correspond to 13.70%, 11.62%, 11.51%, 9.90%, 5.90% of SINGAPORE's total imports and, respectively, were down 7.26%, down 13.54%, down 9.33%, up 5.07%, down 3.15% comparing with the same period of last year.

During the current year until 202005, the trade surplus of SINGAPORE was mainly from HONG KONG, NETHERLANDS, VIETNAM, INDONESIA, BELGIUM at 16332.7350 million, 3356.2840 million, 2710.4750 million, 2664.0090 million, 2293.1810 million, and down 4.71%, up 53.97%, down 30.08%, down 47.44%, up 51.08%. And the trade deficits were mainly from TAIWAN, FRANCE, UNITED KINGDOM, MALAYSIA, QATAR at 6397.4610 million, 2644.9490 million, 2562.1210 million, 2298.4650 million, 1854.9220 million, and down 0.05%, down 6.51%, up 28.82%, up 1721.78%, down 12.63%.

Current year until 202005, SINGAPORE's trade surplus or deficit with top five countries/territories During the current year until 202005,  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 90456.3300 million, 44451.5790 million, 36178.9850 million, 17751.0350 million, 12878.7920 million, which were up 2.44%, down 7.06%, down 32.36%, up 21.05%, down 0.80% comparing with the same period of last year and account for 32.50%, 15.97%, 13.00%, 6.38%, 4.63% of SINGAPORE's total imports and exports.

During the current year until 202005, 85, 84, 27, 71, 90 were SINGAPORE's top five traded commodities, with total import and export values of 49271.2150 million, 22921.5280 million, 13524.1830 million, 8053.7890 million, 7897.6290 million. These values correspond to 34.33%, 15.97%, 9.42%, 5.61%, 5.50% of SINGAPORE's total exports and, respectively, were up 1.71%, down 3.64%, down 34.32%, up 8.06%, down 2.24% comparing to the same period of last year.

During the current year until 202005, 85, 27, 84, 71, 90 were SINGAPORE's top five traded commodities, with total import values of 41185.1150 million, 22654.8020 million, 21530.0510 million, 9697.2460 million, 4981.1630 million. These values correspond to 30.56%, 16.81%, 15.97%, 7.19%, 3.70% of SINGAPORE's total exports and, respectively, were up 3.34%, down 31.14%, down 10.44%, up 34.47%, up 1.57% comparing to the same period of last year.

2. Current year until 202005, SINGAPORE binational trade profile

According to Dalian Infobank, during the current year until 202005, SINGAPORE-China binational exports and imports of goods amounted to 35762.8860 million and were down 11.28% comparing with the same period of last year. Among these, exports from SINGAPORE to China were 17296.7130 million and down 15.21%, imports from China to SINGAPORE were 18466.1730 million and down 7.26%. The total binational trade deficit was 1169.4600 million and down 340.64%.

During the urrent year until 202005, 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 13066.4220 million, 6721.2600 million, 3519.1140 million, 2088.5480 million, 1521.3270 million and makes up 36.54%, 18.79%, 9.84%, 5.84%, 4.25% of the total binational imports and exports. These values were also down 2.21%, up 4.93%, down 30.64%, down 22.16%, down 3.34% comparing to the same period last year.

During the current year until 202005, 85, 84, 39, 27, 29 were the top five traded commodities exported to China from SINGAPORE, with export values of 5613.1800 million, 2754.5330 million, 1805.0090 million, 1335.5180 million, 1007.8250 million. These values account for 32.45%, 15.93%, 10.44%, 7.72%, 5.83% of SINGAPORE's total exports and were up 0.98%, up 21.73%, down 24.17%, down 26.59%, down 28.52% comparing to the same period of last year.

During the current year until 202005, 85, 84, 27, 90, 63 were SINGAPORE's top five traded commodities importing from China , with import values of 7453.2420 million, 3966.7270 million, 2183.5960 million, 543.8730 million, 380.8970 million. These values account for 40.36%, 21.48%, 11.82%, 2.95%, 2.06% of SINGAPORE's total imports and were down 4.48%, down 4.25%, down 32.91%, up 25.68%, up 921.09% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: IE Singapore