1.  Overview the trade of SINGAPORE in goods current year until 202203

According to Dalian Infobank, in 202203, SINGAPORE's exports and imports of goods amounted to 89245.5570 million, and were up 14.90% comparing with the same period of last year. Among these, exports were up 11.28% at 46475.7180 million, and imports were up 19.11% at 42769.8390 million. And the corresponding trade surplus was 3705.8790 million and down 36.73%.

During the current year until 202203, SINGAPORE's total exports and imports of goods were 238905.2300 million and were up 18.58% comparing to the same period of last year. Among these, exports were 125702.2970 million and up 16.63%; imports were 113202.9330 million and up 20.82%. The total trade surplus was 12499.3640 million and down 11.28%.

If considering by country (region), CHINA, MALAYSIA, UNITED STATES, TAIWAN, HONG KONG were SINGAPORE's top five trading partners. During the current year until 202203, SINGAPORE's imports and exports to five countries/territories were 30184.9700 million, 26075.9950 million, 22756.9520 million, 21714.0690 million, 15482.2960 million. These values correspond to 12.63%, 10.91%, 9.53%, 9.09%, 6.48% of SINGAPORE's imports and exports, and, respectively, were up 12.49%, up 11.14%, up 24.65%, up 30.01%, up 3.83% comparing to the same period of last year.

Current year until 202203, 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 202203, SINGAPORE's exports to these five countries/territories were 17009.5240 million, 14663.2780 million, 11736.9590 million, 11725.8380 million, 8379.3870 million. These values correspond to 13.53%, 11.67%, 9.34%, 9.33%, 6.67% of SINGAPORE's exports and, respectively, were up 23.97%, up 4.16%, up 11.09%, up 24.77%, up 22.96% comparing with the same period of last year.

Current year until 202203, SINGAPORE's exports to top five countries/territories TAIWAN, MALAYSIA, CHINA, UNITED STATES, SOUTH KOREA are the top five countries/territories that SINGAPORE imports from in terms of the total export amount. During the current year until 202203, SINGAPORE's imports from these five countries/territories were 15465.7470 million, 14339.0360 million, 13175.4460 million, 11031.1140 million, 7698.8330 million. These values correspond to 13.66%, 12.67%, 11.64%, 9.74%, 6.80% of SINGAPORE's total imports and, respectively, were up 38.01%, up 11.19%, up 0.47%, up 24.53%, up 68.97% comparing with the same period of last year.

During the current year until 202203, the trade surplus of SINGAPORE was mainly from HONG KONG, INDONESIA, CHINA, VIETNAM, AUSTRALIA at 13844.2600 million, 4053.1870 million, 3834.0780 million, 3077.1810 million, 2231.5310 million, and up 4.53%, up 22.14%, up 531.77%, up 16.15%, up 325.57%. And the trade deficits were mainly from TAIWAN, SOUTH KOREA, MALAYSIA, UNITED ARAB EMIRATES, SAUDI ARABIA at 9217.4250 million, 3074.7180 million, 2602.0770 million, 2528.9780 million, 2511.4210 million, and up 61.38%, down 3717.36%, up 11.65%, up 132.34%, up 92.55%.

Current year until 202203, SINGAPORE's trade surplus or deficit with top five countries/territories During the current year until 202203,  commodities with hs2 codes, 85, 27, 84, 71, 99, were SINGAPORE's top five traded commodities. They correspond to the import and export values of 84649.6310 million, 37726.9300 million, 33257.2180 million, 11749.3700 million, 9795.6670 million, which were up 20.29%, up 46.46%, up 14.57%, down 9.22%, up 36.64% comparing with the same period of last year and account for 35.43%, 15.79%, 13.92%, 4.92%, 4.10% of SINGAPORE's total imports and exports.

During the current year until 202203, 85, 84, 27, 99, 90 were SINGAPORE's top five traded commodities, with total import and export values of 46001.8710 million, 17770.5200 million, 14114.1800 million, 8468.4450 million, 5445.6630 million. These values correspond to 36.60%, 14.14%, 11.23%, 6.74%, 4.33% of SINGAPORE's total exports and, respectively, were up 19.81%, up 13.98%, up 44.18%, up 44.57%, up 1.93% comparing to the same period of last year.

During the current year until 202203, 85, 27, 84, 71, 90 were SINGAPORE's top five traded commodities, with total import values of 38647.7600 million, 23612.7500 million, 15486.6980 million, 6438.0830 million, 3898.4480 million. These values correspond to 34.14%, 20.86%, 13.68%, 5.69%, 3.44% of SINGAPORE's total exports and, respectively, were up 20.87%, up 47.86%, up 15.26%, up 3.61%, up 14.34% comparing to the same period of last year.

2. Current year until 202203, SINGAPORE binational trade profile

According to Dalian Infobank, during the current year until 202203, SINGAPORE-China binational exports and imports of goods amounted to 30184.9700 million and were up 12.49% comparing with the same period of last year. Among these, exports from SINGAPORE to China were 17009.5240 million and up 23.97%, imports from China to SINGAPORE were 13175.4460 million and up 0.47%. The total binational trade surplus was 3834.0780 million and up 531.77%.

During the urrent year until 202203, commodities with hs2 code, 85, 84, 39, 27, 90, were binational trade's top five traded commodities. They correspond to import and export values of 12895.6770 million, 5709.7980 million, 1798.9530 million, 1781.4300 million, 1236.1840 million and makes up 42.72%, 18.92%, 5.96%, 5.90%, 4.10% of the total binational imports and exports. These values were also up 25.15%, up 15.17%, up 8.92%, down 35.41%, up 9.62% comparing to the same period last year.

During the current year until 202203, 85, 84, 39, 90, 33 were the top five traded commodities exported to China from SINGAPORE, with export values of 7338.5670 million, 2823.6250 million, 1545.5140 million, 865.2820 million, 856.3390 million. These values account for 43.14%, 16.60%, 9.09%, 5.09%, 5.03% of SINGAPORE's total exports and were up 63.64%, up 16.46%, up 7.20%, up 7.89%, up 7.19% comparing to the same period of last year.

During the current year until 202203, 85, 84, 27, 29, 90 were SINGAPORE's top five traded commodities importing from China , with import values of 5557.1100 million, 2886.1730 million, 1057.2130 million, 582.3780 million, 370.9020 million. These values account for 42.18%, 21.91%, 8.02%, 4.42%, 2.82% of SINGAPORE's total imports and were down 4.51%, up 13.93%, down 34.10%, up 149.33%, up 13.89% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: IE Singapore