1.  Overview the trade of SINGAPORE in goods current year until 202012

According to Dalian Infobank, in 202012, SINGAPORE's exports and imports of goods amounted to 64830.3410 million, and were up 1.54% comparing with the same period of last year. Among these, exports were up 4.50% at 34701.1180 million, and imports were down 1.67% at 30129.2230 million. And the corresponding trade surplus was 4571.8950 million and up 78.10%.

During the current year until 202012, SINGAPORE's total exports and imports of goods were 703265.3780 million and were down 6.15% comparing to the same period of last year. Among these, exports were 374198.0450 million and down 4.13%; imports were 329067.3330 million and down 8.33%. The total trade surplus was 45130.7120 million and up 43.91%.

If considering by country (region), CHINA, UNITED STATES, MALAYSIA, TAIWAN, HONG KONG were SINGAPORE's top five trading partners. During the current year until 202012, SINGAPORE's imports and exports to five countries/territories were 98930.9850 million, 75333.5470 million, 75156.5990 million, 54599.8590 million, 50055.8340 million. These values correspond to 14.07%, 10.71%, 10.69%, 7.76%, 7.12% of SINGAPORE's imports and exports, and, respectively, were down 1.71%, down 3.84%, down 9.28%, up 12.00%, up 4.57% comparing to the same period of last year.

Current year until 202012, 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 202012, SINGAPORE's exports to these five countries/territories were 51495.8730 million, 46248.0690 million, 40186.8500 million, 33349.5790 million, 21465.6420 million. These values correspond to 13.76%, 12.36%, 10.74%, 8.91%, 5.74% of SINGAPORE's exports and, respectively, were down 0.23%, up 4.22%, up 16.80%, down 18.97%, down 21.54% comparing with the same period of last year.

Current year until 202012, 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 202012, SINGAPORE's imports from these five countries/territories were 47435.1120 million, 41807.0200 million, 36350.0330 million, 35146.6970 million, 18115.0290 million. These values correspond to 14.42%, 12.70%, 11.05%, 10.68%, 5.50% of SINGAPORE's total imports and, respectively, were down 3.27%, up 0.28%, up 12.31%, down 20.01%, down 6.52% comparing with the same period of last year.

During the current year until 202012, the trade surplus of SINGAPORE was mainly from HONG KONG, VIETNAM, NETHERLANDS, INDONESIA, UNITED STATES at 42440.3040 million, 8451.9010 million, 7767.4200 million, 7520.7910 million, 5040.1530 million, and up 3.82%, down 9.27%, up 42.07%, down 36.04%, down 152.88%. And the trade deficits were mainly from TAIWAN, MALAYSIA, FRANCE, SAUDI ARABIA, UNITED KINGDOM at 18100.2070 million, 8457.4410 million, 6046.8810 million, 3773.1080 million, 3442.9920 million, and up 13.29%, up 1488.53%, down 21.98%, down 49.39%, down 17.76%.

Current year until 202012, SINGAPORE's trade surplus or deficit with top five countries/territories During the current year until 202012,  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 241013.6860 million, 111087.6310 million, 79518.7210 million, 42918.0950 million, 33619.9540 million, which were up 10.16%, down 5.55%, down 35.44%, up 17.19%, up 0.74% comparing with the same period of last year and account for 34.27%, 15.80%, 11.31%, 6.10%, 4.78% of SINGAPORE's total imports and exports.

During the current year until 202012, 85, 84, 27, 90, 71 were SINGAPORE's top five traded commodities, with total import and export values of 132154.8390 million, 58166.2260 million, 30301.6260 million, 20805.8460 million, 20343.3850 million. These values correspond to 35.32%, 15.54%, 8.10%, 5.56%, 5.44% of SINGAPORE's total exports and, respectively, were up 9.53%, down 1.92%, down 36.72%, down 0.59%, up 14.52% comparing to the same period of last year.

During the current year until 202012, 85, 84, 27, 71, 90 were SINGAPORE's top five traded commodities, with total import values of 108858.8470 million, 52921.4050 million, 49217.0950 million, 22574.7100 million, 12814.1080 million. These values correspond to 33.08%, 16.08%, 14.96%, 6.86%, 3.89% of SINGAPORE's total exports and, respectively, were up 10.95%, down 9.25%, down 34.63%, up 19.70%, up 2.98% comparing to the same period of last year.

2. Current year until 202012, SINGAPORE binational trade profile

According to Dalian Infobank, during the current year until 202012, SINGAPORE-China binational exports and imports of goods amounted to 98930.9850 million and were down 1.71% comparing with the same period of last year. Among these, exports from SINGAPORE to China were 51495.8730 million and down 0.23%, imports from China to SINGAPORE were 47435.1120 million and down 3.27%. The total binational trade surplus was 4060.7610 million and up 57.49%.

During the urrent year until 202012, 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 38318.6630 million, 18409.2780 million, 8393.8840 million, 5709.2400 million, 4323.1380 million and makes up 38.73%, 18.61%, 8.48%, 5.77%, 4.37% of the total binational imports and exports. These values were also up 8.43%, up 7.87%, down 25.62%, down 9.24%, up 1.24% comparing to the same period last year.

During the current year until 202012, 85, 84, 39, 27, 90 were the top five traded commodities exported to China from SINGAPORE, with export values of 18387.1260 million, 8050.8400 million, 4981.3860 million, 3451.9020 million, 2966.4240 million. These values account for 35.71%, 15.63%, 9.67%, 6.70%, 5.76% of SINGAPORE's total exports and were up 15.64%, up 23.07%, down 10.06%, down 12.96%, down 4.92% comparing to the same period of last year.

During the current year until 202012, 85, 84, 27, 90, 29 were SINGAPORE's top five traded commodities importing from China , with import values of 19931.5370 million, 10358.4380 million, 4941.9820 million, 1356.7140 million, 988.2750 million. These values account for 42.02%, 21.84%, 10.42%, 2.86%, 2.08% of SINGAPORE's total imports and were up 2.54%, down 1.58%, down 32.48%, up 17.94%, up 11.24% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: IE Singapore