1.  Overview the trade of SINGAPORE in goods current year until 202006

According to Dalian Infobank, in 202006, SINGAPORE's exports and imports of goods amounted to 53866.5550 million, and were down 8.70% comparing with the same period of last year. Among these, exports were down 5.73% at 28655.0840 million, and imports were down 11.86% at 25211.4710 million. And the corresponding trade surplus was 3443.6130 million and up 91.98%.

During the current year until 202006, SINGAPORE's total exports and imports of goods were 332160.9490 million and were down 10.01% comparing to the same period of last year. Among these, exports were 172168.0030 million and down 10.27%; imports were 159992.9460 million and down 9.72%. The total trade surplus was 12175.0570 million and down 17.02%.

If considering by country (region), CHINA, UNITED STATES, MALAYSIA, TAIWAN, HONG KONG were SINGAPORE's top five trading partners. During the current year until 202006, SINGAPORE's imports and exports to five countries/territories were 43576.1060 million, 38375.8080 million, 35110.9880 million, 24856.2820 million, 22195.6860 million. These values correspond to 13.12%, 11.55%, 10.57%, 7.48%, 6.68% of SINGAPORE's imports and exports, and, respectively, were down 9.03%, down 2.59%, down 12.59%, up 8.68%, down 6.24% comparing to the same period of last year.

Current year until 202006, SINGAPORE and the top five trade partners CHINA, HONG KONG, 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 202006, SINGAPORE's exports to these five countries/territories were 21301.8130 million, 20768.3500 million, 19966.8490 million, 15844.2720 million, 10650.7630 million. These values correspond to 12.37%, 12.06%, 11.60%, 9.20%, 6.19% of SINGAPORE's exports and, respectively, were down 12.25%, down 5.51%, up 14.09%, down 20.62%, down 20.49% comparing with the same period of last year.

Current year until 202006, 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 202006, SINGAPORE's imports from these five countries/territories were 22274.2930 million, 19266.7160 million, 18408.9590 million, 16460.3050 million, 9208.6230 million. These values correspond to 13.92%, 12.04%, 11.51%, 10.29%, 5.76% of SINGAPORE's total imports and, respectively, were down 5.72%, down 4.67%, down 15.93%, up 7.38%, down 5.22% comparing with the same period of last year.

During the current year until 202006, the trade surplus of SINGAPORE was mainly from HONG KONG, NETHERLANDS, VIETNAM, INDONESIA, BELGIUM at 19341.0140 million, 4225.5020 million, 3604.6760 million, 3277.7960 million, 2516.0330 million, and down 4.65%, up 58.43%, down 22.09%, down 44.69%, up 53.61%. And the trade deficits were mainly from TAIWAN, MALAYSIA, FRANCE, UNITED KINGDOM, QATAR at 8064.3280 million, 3422.4440 million, 3041.1880 million, 2086.5190 million, 2040.9240 million, and up 3.55%, up 1270.35%, down 11.35%, down 10.30%, down 18.51%.

Current year until 202006, SINGAPORE's trade surplus or deficit with top five countries/territories During the current year until 202006,  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 110120.1760 million, 53737.7770 million, 41292.8350 million, 20580.8100 million, 15558.1260 million, which were up 5.09%, down 5.82%, down 34.95%, up 17.24%, down 0.77% comparing with the same period of last year and account for 33.15%, 16.18%, 12.43%, 6.20%, 4.68% of SINGAPORE's total imports and exports.

During the current year until 202006, 85, 84, 27, 90, 71 were SINGAPORE's top five traded commodities, with total import and export values of 59924.6660 million, 28015.6620 million, 15651.3910 million, 9534.4720 million, 9420.0710 million. These values correspond to 34.81%, 16.27%, 9.09%, 5.54%, 5.47% of SINGAPORE's total exports and, respectively, were up 4.20%, down 1.94%, down 36.54%, down 2.84%, up 12.66% comparing to the same period of last year.

During the current year until 202006, 85, 84, 27, 71, 90 were SINGAPORE's top five traded commodities, with total import values of 50195.5100 million, 25722.1150 million, 25641.4440 million, 11160.7390 million, 6023.6540 million. These values correspond to 31.37%, 16.08%, 16.03%, 6.98%, 3.76% of SINGAPORE's total exports and, respectively, were up 6.18%, down 9.71%, down 33.95%, up 21.41%, up 2.68% comparing to the same period of last year.

2. Current year until 202006, SINGAPORE binational trade profile

According to Dalian Infobank, during the current year until 202006, SINGAPORE-China binational exports and imports of goods amounted to 43576.1060 million and were down 9.03% comparing with the same period of last year. Among these, exports from SINGAPORE to China were 21301.8130 million and down 12.25%, imports from China to SINGAPORE were 22274.2930 million and down 5.72%. The total binational trade deficit was 972.4800 million and down 250.08%.

During the urrent year until 202006, 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 15782.4110 million, 8308.1710 million, 4113.8160 million, 2565.2660 million, 1912.5670 million and makes up 36.22%, 19.07%, 9.44%, 5.89%, 4.39% of the total binational imports and exports. These values were also down 1.25%, up 5.90%, down 29.32%, down 19.08%, down 4.81% comparing to the same period last year.

During the current year until 202006, 85, 84, 39, 27, 90 were the top five traded commodities exported to China from SINGAPORE, with export values of 6738.0270 million, 3530.8730 million, 2223.4510 million, 1777.2730 million, 1246.3020 million. These values account for 31.63%, 16.58%, 10.44%, 8.34%, 5.85% of SINGAPORE's total exports and were up 0.09%, up 22.78%, down 20.74%, down 14.44%, down 15.76% comparing to the same period of last year.

During the current year until 202006, 85, 84, 27, 90, 63 were SINGAPORE's top five traded commodities importing from China , with import values of 9044.3840 million, 4777.2980 million, 2336.5430 million, 666.2650 million, 625.3810 million. These values account for 40.60%, 21.45%, 10.49%, 2.99%, 2.81% of SINGAPORE's total imports and were down 2.22%, down 3.86%, down 37.58%, up 25.77%, up 1294.76% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: IE Singapore