1.  Overview the trade of SINGAPORE in goods current year until 202011

According to Dalian Infobank, in 202011, SINGAPORE's exports and imports of goods amounted to 60708.7390 million, and were down 6.33% comparing with the same period of last year. Among these, exports were down 4.35% at 32141.6570 million, and imports were down 8.45% at 28567.0820 million. And the corresponding trade surplus was 3574.5750 million and up 48.89%.

During the current year until 202011, SINGAPORE's total exports and imports of goods were 638435.0370 million and were down 6.86% comparing to the same period of last year. Among these, exports were 339496.9270 million and down 4.94%; imports were 298938.1100 million and down 8.95%. The total trade surplus was 40558.8170 million and up 40.86%.

If considering by country (region), CHINA, UNITED STATES, MALAYSIA, TAIWAN, HONG KONG were SINGAPORE's top five trading partners. During the current year until 202011, SINGAPORE's imports and exports to five countries/territories were 88956.3780 million, 68916.7740 million, 68159.6410 million, 48866.3030 million, 45025.5210 million. These values correspond to 13.93%, 10.79%, 10.68%, 7.65%, 7.05% of SINGAPORE's imports and exports, and, respectively, were down 2.33%, down 4.42%, down 9.26%, up 9.85%, up 3.10% comparing to the same period of last year.

Current year until 202011, 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 202011, SINGAPORE's exports to these five countries/territories were 46175.2140 million, 41790.0750 million, 36629.0140 million, 30274.0710 million, 19397.5650 million. These values correspond to 13.60%, 12.31%, 10.79%, 8.92%, 5.71% of SINGAPORE's exports and, respectively, were down 0.60%, up 2.68%, up 15.98%, down 19.05%, down 23.03% comparing with the same period of last year.

Current year until 202011, SINGAPORE's exports to top five countries/territories CHINA, MALAYSIA, TAIWAN, UNITED STATES, JAPAN are the top five countries/territories that SINGAPORE imports from in terms of the total export amount. During the current year until 202011, SINGAPORE's imports from these five countries/territories were 42781.1640 million, 37885.5700 million, 32664.5490 million, 32287.7600 million, 16465.1120 million. These values correspond to 14.31%, 12.67%, 10.93%, 10.80%, 5.51% of SINGAPORE's total imports and, respectively, were down 4.12%, up 0.45%, up 10.01%, down 20.32%, down 6.78% comparing with the same period of last year.

During the current year until 202011, the trade surplus of SINGAPORE was mainly from HONG KONG, VIETNAM, NETHERLANDS, INDONESIA, UNITED STATES at 38554.6290 million, 7560.4930 million, 7142.3470 million, 6544.6790 million, 4341.2540 million, and up 2.21%, down 10.87%, up 43.84%, down 39.13%, down 148.57%. And the trade deficits were mainly from TAIWAN, MALAYSIA, FRANCE, SAUDI ARABIA, UNITED KINGDOM at 16462.7950 million, 7611.4990 million, 5491.8460 million, 3321.7840 million, 3110.7910 million, and up 10.47%, up 2284.47%, down 23.07%, down 53.02%, down 14.73%.

Current year until 202011, SINGAPORE's trade surplus or deficit with top five countries/territories During the current year until 202011,  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 217412.7100 million, 101073.0980 million, 72333.7760 million, 39666.1930 million, 30283.1440 million, which were up 9.04%, down 5.80%, down 36.03%, up 19.75%, down 0.02% comparing with the same period of last year and account for 34.05%, 15.83%, 11.33%, 6.21%, 4.74% of SINGAPORE's total imports and exports.

During the current year until 202011, 85, 84, 27, 90, 99 were SINGAPORE's top five traded commodities, with total import and export values of 119448.2520 million, 52659.3680 million, 27546.7030 million, 18667.4460 million, 18626.1160 million. These values correspond to 35.18%, 15.51%, 8.11%, 5.50%, 5.49% of SINGAPORE's total exports and, respectively, were up 8.41%, down 2.23%, down 37.11%, down 1.34%, down 8.91% comparing to the same period of last year.

During the current year until 202011, 85, 84, 27, 71, 90 were SINGAPORE's top five traded commodities, with total import values of 97964.4580 million, 48413.7300 million, 44787.0730 million, 21225.6670 million, 11615.6980 million. These values correspond to 32.77%, 16.20%, 14.98%, 7.10%, 3.89% of SINGAPORE's total exports and, respectively, were up 9.82%, down 9.40%, down 35.34%, up 24.34%, up 2.17% comparing to the same period of last year.

2. Current year until 202011, SINGAPORE binational trade profile

According to Dalian Infobank, during the current year until 202011, SINGAPORE-China binational exports and imports of goods amounted to 88956.3780 million and were down 2.33% comparing with the same period of last year. Among these, exports from SINGAPORE to China were 46175.2140 million and down 0.60%, imports from China to SINGAPORE were 42781.1640 million and down 4.12%. The total binational trade surplus was 3394.0500 million and up 85.03%.

During the urrent year until 202011, 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 34350.8260 million, 16706.3640 million, 7440.0390 million, 5107.3330 million, 3812.1520 million and makes up 38.62%, 18.78%, 8.36%, 5.74%, 4.29% of the total binational imports and exports. These values were also up 7.27%, up 7.97%, down 27.06%, down 11.19%, down 1.29% comparing to the same period last year.

During the current year until 202011, 85, 84, 39, 27, 90 were the top five traded commodities exported to China from SINGAPORE, with export values of 16465.3910 million, 7237.7900 million, 4458.1490 million, 3014.3000 million, 2576.9570 million. These values account for 35.66%, 15.67%, 9.65%, 6.53%, 5.58% of SINGAPORE's total exports and were up 14.59%, up 23.41%, down 12.00%, down 14.75%, down 8.42% comparing to the same period of last year.

During the current year until 202011, 85, 84, 27, 90, 29 were SINGAPORE's top five traded commodities importing from China , with import values of 17885.4350 million, 9468.5740 million, 4425.7390 million, 1235.1950 million, 880.5790 million. These values account for 41.81%, 22.13%, 10.35%, 2.89%, 2.06% of SINGAPORE's total imports and were up 1.32%, down 1.46%, down 33.60%, up 17.84%, up 8.36% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: IE Singapore