1.  Overview the trade of SINGAPORE in goods current year until 202103

According to Dalian Infobank, in 202103, SINGAPORE's exports and imports of goods amounted to 77679.0190 million, and were up 27.60% comparing with the same period of last year. Among these, exports were up 29.15% at 41760.9420 million, and imports were up 25.83% at 35918.0770 million. And the corresponding trade surplus was 5842.8650 million and up 54.19%.

During the current year until 202103, SINGAPORE's total exports and imports of goods were 201492.4450 million and were up 9.52% comparing to the same period of last year. Among these, exports were 107787.1220 million and up 11.62%; imports were 93705.3230 million and up 7.20%. The total trade surplus was 14081.7990 million and up 53.84%.

If considering by country (region), CHINA, MALAYSIA, UNITED STATES, TAIWAN, HONG KONG were SINGAPORE's top five trading partners. During the current year until 202103, SINGAPORE's imports and exports to five countries/territories were 26836.2670 million, 23455.8190 million, 18265.4790 million, 16709.6350 million, 14910.9200 million. These values correspond to 13.32%, 11.64%, 9.07%, 8.29%, 7.40% of SINGAPORE's imports and exports, and, respectively, were up 25.27%, up 20.56%, down 7.49%, up 35.90%, up 24.26% comparing to the same period of last year.

Current year until 202103, SINGAPORE and the top five trade partners HONG KONG, CHINA, MALAYSIA, UNITED STATES, INDONESIA are the top five countries/territories that SINGAPORE exports to in terms of the total export amount. During the current year until 202103, SINGAPORE's exports to these five countries/territories were 14077.4950 million, 13721.8390 million, 10566.4660 million, 9397.3130 million, 6815.2900 million. These values correspond to 13.06%, 12.73%, 9.80%, 8.72%, 6.32% of SINGAPORE's exports and, respectively, were up 24.69%, up 33.34%, up 15.46%, down 3.06%, up 7.03% comparing with the same period of last year.

Current year until 202103, 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 202103, SINGAPORE's imports from these five countries/territories were 13114.4280 million, 12889.3530 million, 11214.6000 million, 8868.1660 million, 5262.1130 million. These values correspond to 14.00%, 13.76%, 11.97%, 9.46%, 5.62% of SINGAPORE's total imports and, respectively, were up 17.81%, up 25.09%, up 40.42%, down 11.76%, up 1.81% comparing with the same period of last year.

During the current year until 202103, the trade surplus of SINGAPORE was mainly from HONG KONG, INDONESIA, VIETNAM, CAMBODIA, THAILAND at 13244.0700 million, 3318.9870 million, 2666.5850 million, 2660.7260 million, 2020.0370 million, and up 25.18%, up 63.03%, up 34.11%, up 1325.11%, up 21.66%. And the trade deficits were mainly from TAIWAN, MALAYSIA, FRANCE, SWITZERLAND, SAUDI ARABIA at 5719.5650 million, 2322.8870 million, 1727.9780 million, 1496.4470 million, 1304.2680 million, and up 55.51%, up 101.57%, down 9.62%, up 23.15%, up 23.09%.

Current year until 202103, SINGAPORE's trade surplus or deficit with top five countries/territories During the current year until 202103,  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 70381.2990 million, 29042.1370 million, 25760.3230 million, 12939.5720 million, 8752.6930 million, which were up 28.07%, up 1.86%, down 7.16%, up 18.52%, up 7.07% comparing with the same period of last year and account for 34.93%, 14.41%, 12.78%, 6.42%, 4.34% of SINGAPORE's total imports and exports.

During the current year until 202103, 85, 84, 27, 71, 99 were SINGAPORE's top five traded commodities, with total import and export values of 38397.4830 million, 15595.1730 million, 9789.8770 million, 6728.1080 million, 5605.1150 million. These values correspond to 35.62%, 14.47%, 9.08%, 6.24%, 5.20% of SINGAPORE's total exports and, respectively, were up 27.36%, up 5.60%, down 4.26%, up 37.80%, down 24.53% comparing to the same period of last year.

During the current year until 202103, 85, 27, 84, 71, 90 were SINGAPORE's top five traded commodities, with total import values of 31983.8160 million, 15970.4460 million, 13446.9640 million, 6211.4640 million, 3409.5910 million. These values correspond to 34.13%, 17.04%, 14.35%, 6.63%, 3.64% of SINGAPORE's total exports and, respectively, were up 28.93%, down 8.85%, down 2.17%, up 2.93%, up 6.57% comparing to the same period of last year.

2. Current year until 202103, SINGAPORE binational trade profile

According to Dalian Infobank, during the current year until 202103, SINGAPORE-China binational exports and imports of goods amounted to 26836.2670 million and were up 25.27% comparing with the same period of last year. Among these, exports from SINGAPORE to China were 13721.8390 million and up 33.34%, imports from China to SINGAPORE were 13114.4280 million and up 17.81%. The total binational trade surplus was 607.4110 million and down 172.24%.

During the urrent year until 202103, 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 10304.0470 million, 4959.9340 million, 2758.0350 million, 1651.4850 million, 1127.6820 million and makes up 38.40%, 18.48%, 10.28%, 6.15%, 4.20% of the total binational imports and exports. These values were also up 32.94%, up 24.03%, up 9.38%, up 42.48%, up 29.81% comparing to the same period last year.

During the current year until 202103, 85, 84, 39, 27, 90 were the top five traded commodities exported to China from SINGAPORE, with export values of 4484.6360 million, 2426.3560 million, 1441.4690 million, 1153.8460 million, 802.0100 million. These values account for 32.68%, 17.68%, 10.50%, 8.41%, 5.84% of SINGAPORE's total exports and were up 33.38%, up 49.95%, up 44.24%, up 66.57%, up 32.92% comparing to the same period of last year.

During the current year until 202103, 85, 84, 27, 90, 29 were SINGAPORE's top five traded commodities importing from China , with import values of 5819.4110 million, 2533.5780 million, 1604.1890 million, 325.6720 million, 233.5740 million. These values account for 44.37%, 19.32%, 12.23%, 2.48%, 1.78% of SINGAPORE's total imports and were up 32.60%, up 6.41%, down 12.28%, up 22.74%, up 7.16% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: IE Singapore