1.  Overview the trade of SINGAPORE in goods current year until 202105

According to Dalian Infobank, in 202105, SINGAPORE's exports and imports of goods amounted to 66885.5000 million, and were up 39.62% comparing with the same period of last year. Among these, exports were up 38.42% at 35606.5120 million, and imports were up 41.01% at 31278.9880 million. And the corresponding trade surplus was 4327.5240 million and up 22.14%.

During the current year until 202105, SINGAPORE's total exports and imports of goods were 340491.0460 million and were up 19.43% comparing to the same period of last year. Among these, exports were 181493.2080 million and up 20.73%; imports were 158997.8380 million and up 17.97%. The total trade surplus was 22495.3700 million and up 44.64%.

If considering by country (region), CHINA, MALAYSIA, UNITED STATES, TAIWAN, HONG KONG were SINGAPORE's top five trading partners. During the current year until 202105, SINGAPORE's imports and exports to five countries/territories were 46923.2780 million, 39578.9990 million, 32178.3750 million, 27881.2840 million, 25530.5910 million. These values correspond to 13.78%, 11.62%, 9.45%, 8.19%, 7.50% of SINGAPORE's imports and exports, and, respectively, were up 30.79%, up 37.64%, down 2.37%, up 37.20%, up 31.53% comparing to the same period of last year.

Current year until 202105, SINGAPORE and the top five trade partners CHINA, HONG KONG, 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 202105, SINGAPORE's exports to these five countries/territories were 24679.1680 million, 24199.5320 million, 17501.9480 million, 16316.4600 million, 11330.9590 million. These values correspond to 13.60%, 13.33%, 9.64%, 8.99%, 6.24% of SINGAPORE's exports and, respectively, were up 41.76%, up 31.75%, up 32.07%, down 5.64%, up 24.41% comparing with the same period of last year.

Current year until 202105, 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 202105, SINGAPORE's imports from these five countries/territories were 22244.1100 million, 22077.0510 million, 18783.8830 million, 15861.9150 million, 8826.1720 million. These values correspond to 13.99%, 13.89%, 11.81%, 9.98%, 5.55% of SINGAPORE's total imports and, respectively, were up 20.46%, up 42.40%, up 40.72%, up 1.25%, up 11.03% comparing with the same period of last year.

During the current year until 202105, the trade surplus of SINGAPORE was mainly from HONG KONG, INDONESIA, VIETNAM, CAMBODIA, THAILAND at 22868.4730 million, 5382.5080 million, 4460.6860 million, 3342.3930 million, 3030.1490 million, and up 32.00%, up 99.86%, up 62.85%, down 1594.87%, up 114.57%. And the trade deficits were mainly from TAIWAN, MALAYSIA, FRANCE, SWITZERLAND, UNITED ARAB EMIRATES at 9686.4820 million, 4575.1030 million, 2973.6580 million, 2581.0410 million, 2336.9210 million, and up 51.93%, up 103.16%, up 14.04%, up 75.49%, up 85.06%.

Current year until 202105, SINGAPORE's trade surplus or deficit with top five countries/territories During the current year until 202105,  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 118729.1090 million, 50196.9750 million, 44899.6720 million, 19806.6870 million, 14524.4740 million, which were up 31.28%, up 12.88%, up 24.18%, up 11.58%, up 12.77% comparing with the same period of last year and account for 34.87%, 14.74%, 13.19%, 5.82%, 4.27% of SINGAPORE's total imports and exports.

During the current year until 202105, 85, 84, 27, 71, 99 were SINGAPORE's top five traded commodities, with total import and export values of 64935.6530 million, 27176.1960 million, 16944.9070 million, 9868.2640 million, 9391.8480 million. These values correspond to 35.78%, 14.97%, 9.34%, 5.44%, 5.17% of SINGAPORE's total exports and, respectively, were up 31.82%, up 18.48%, up 25.51%, up 22.53%, down 6.72% comparing to the same period of last year.

During the current year until 202105, 85, 27, 84, 71, 90 were SINGAPORE's top five traded commodities, with total import values of 53793.4560 million, 27954.7650 million, 23020.7790 million, 9938.4230 million, 5798.7290 million. These values correspond to 33.83%, 17.58%, 14.48%, 6.25%, 3.65% of SINGAPORE's total exports and, respectively, were up 30.62%, up 23.39%, up 6.92%, up 2.49%, up 16.42% comparing to the same period of last year.

2. Current year until 202105, SINGAPORE binational trade profile

According to Dalian Infobank, during the current year until 202105, SINGAPORE-China binational exports and imports of goods amounted to 46923.2780 million and were up 30.79% comparing with the same period of last year. Among these, exports from SINGAPORE to China were 24679.1680 million and up 41.76%, imports from China to SINGAPORE were 22244.1100 million and up 20.46%. The total binational trade surplus was 2435.0580 million and down 330.49%.

During the urrent year until 202105, 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 17507.0040 million, 8963.0240 million, 4801.8950 million, 2772.2580 million, 1876.8710 million and makes up 37.31%, 19.10%, 10.23%, 5.91%, 4.00% of the total binational imports and exports. These values were also up 33.99%, up 33.38%, up 36.45%, up 32.74%, up 23.31% comparing to the same period last year.

During the current year until 202105, 85, 84, 39, 27, 90 were the top five traded commodities exported to China from SINGAPORE, with export values of 8061.0310 million, 4495.2730 million, 2408.8550 million, 1957.7020 million, 1330.8620 million. These values account for 32.66%, 18.21%, 9.76%, 7.93%, 5.39% of SINGAPORE's total exports and were up 43.61%, up 63.27%, up 33.45%, up 46.59%, up 36.05% comparing to the same period of last year.

During the current year until 202105, 85, 84, 27, 90, 29 were SINGAPORE's top five traded commodities importing from China , with import values of 9445.9730 million, 4467.7510 million, 2844.1930 million, 546.0090 million, 490.1360 million. These values account for 42.47%, 20.09%, 12.79%, 2.45%, 2.20% of SINGAPORE's total imports and were up 26.74%, up 12.63%, up 30.25%, up 0.39%, up 36.61% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: IE Singapore