1.  Overview the trade of SINGAPORE in goods current year until 202111

According to Dalian Infobank, in 202111, SINGAPORE's exports and imports of goods amounted to 79280.3500 million, and were up 30.59% comparing with the same period of last year. Among these, exports were up 30.33% at 41888.6540 million, and imports were up 30.89% at 37391.6960 million. And the corresponding trade surplus was 4496.9580 million and up 25.80%.

During the current year until 202111, SINGAPORE's total exports and imports of goods were 781426.1960 million and were up 22.40% comparing to the same period of last year. Among these, exports were 414482.5590 million and up 22.09%; imports were 366943.6370 million and up 22.75%. The total trade surplus was 47538.9220 million and up 17.21%.

If considering by country (region), CHINA, MALAYSIA, UNITED STATES, TAIWAN, HONG KONG were SINGAPORE's top five trading partners. During the current year until 202111, SINGAPORE's imports and exports to five countries/territories were 109792.1860 million, 87110.0610 million, 73069.2640 million, 67138.5200 million, 57478.2320 million. These values correspond to 14.05%, 11.15%, 9.35%, 8.59%, 7.36% of SINGAPORE's imports and exports, and, respectively, were up 23.42%, up 27.80%, up 6.03%, up 37.39%, up 27.66% comparing to the same period of last year.

Current year until 202111, 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 202111, SINGAPORE's exports to these five countries/territories were 60942.7570 million, 54535.4020 million, 38298.0820 million, 36213.8180 million, 25881.0150 million. These values correspond to 14.70%, 13.16%, 9.24%, 8.74%, 6.24% of SINGAPORE's exports and, respectively, were up 31.98%, up 30.50%, up 26.50%, down 1.13%, up 33.42% comparing with the same period of last year.

Current year until 202111, 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 202111, SINGAPORE's imports from these five countries/territories were 48849.4290 million, 48811.9790 million, 45992.9130 million, 36855.4460 million, 19753.4200 million. These values correspond to 13.31%, 13.30%, 12.53%, 10.04%, 5.38% of SINGAPORE's total imports and, respectively, were up 14.18%, up 28.84%, up 40.80%, up 14.15%, up 19.97% comparing with the same period of last year.

During the current year until 202111, the trade surplus of SINGAPORE was mainly from HONG KONG, INDONESIA, CHINA, VIETNAM, NETHERLANDS at 51592.5720 million, 12099.7970 million, 12093.3280 million, 9981.2650 million, 6031.4300 million, and up 33.82%, up 84.88%, up 256.31%, up 32.02%, down 15.55%. And the trade deficits were mainly from TAIWAN, MALAYSIA, UNITED ARAB EMIRATES, FRANCE, SAUDI ARABIA at 24847.3060 million, 10513.8970 million, 7272.6480 million, 6930.6390 million, 4511.0780 million, and up 50.93%, up 38.13%, up 158.18%, up 26.20%, up 35.80%.

Current year until 202111, SINGAPORE's trade surplus or deficit with top five countries/territories During the current year until 202111,  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 275300.8370 million, 117499.0380 million, 109460.3480 million, 38252.1980 million, 33338.6190 million, which were up 26.63%, up 16.25%, up 51.33%, down 3.56%, up 10.09% comparing with the same period of last year and account for 35.23%, 15.04%, 14.01%, 4.90%, 4.27% of SINGAPORE's total imports and exports.

During the current year until 202111, 85, 84, 27, 99, 90 were SINGAPORE's top five traded commodities, with total import and export values of 151017.6520 million, 63186.7280 million, 41386.7560 million, 21795.7500 million, 19998.5910 million. These values correspond to 36.44%, 15.24%, 9.99%, 5.26%, 4.82% of SINGAPORE's total exports and, respectively, were up 26.43%, up 19.99%, up 50.24%, up 17.02%, up 7.13% comparing to the same period of last year.

During the current year until 202111, 85, 27, 84, 71, 90 were SINGAPORE's top five traded commodities, with total import values of 124283.1850 million, 68073.5920 million, 54312.3100 million, 19263.1440 million, 13340.0280 million. These values correspond to 33.87%, 18.55%, 14.80%, 5.25%, 3.64% of SINGAPORE's total exports and, respectively, were up 26.87%, up 51.99%, up 12.18%, down 9.25%, up 14.84% comparing to the same period of last year.

2. Current year until 202111, SINGAPORE binational trade profile

According to Dalian Infobank, during the current year until 202111, SINGAPORE-China binational exports and imports of goods amounted to 109792.1860 million and were up 23.42% comparing with the same period of last year. Among these, exports from SINGAPORE to China were 60942.7570 million and up 31.98%, imports from China to SINGAPORE were 48849.4290 million and up 14.18%. The total binational trade surplus was 12093.3280 million and up 256.31%.

During the urrent year until 202111, 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 43084.9600 million, 20599.6680 million, 8539.8720 million, 6169.5250 million, 4519.7470 million and makes up 39.24%, 18.76%, 7.78%, 5.62%, 4.12% of the total binational imports and exports. These values were also up 25.43%, up 23.30%, up 14.78%, up 20.80%, up 18.56% comparing to the same period last year.

During the current year until 202111, 85, 84, 39, 27, 90 were the top five traded commodities exported to China from SINGAPORE, with export values of 22081.5340 million, 10180.5460 million, 5327.9650 million, 3975.5420 million, 3188.1550 million. These values account for 36.23%, 16.71%, 8.74%, 6.52%, 5.23% of SINGAPORE's total exports and were up 34.11%, up 40.66%, up 19.51%, up 31.89%, up 23.72% comparing to the same period of last year.

During the current year until 202111, 85, 84, 27, 90, 29 were SINGAPORE's top five traded commodities importing from China , with import values of 21003.4260 million, 10419.1220 million, 4564.3300 million, 1331.5920 million, 1273.8050 million. These values account for 43.00%, 21.33%, 9.34%, 2.73%, 2.61% of SINGAPORE's total imports and were up 17.43%, up 10.04%, up 3.13%, up 7.80%, up 44.66% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: IE Singapore