1.  Overview the trade of SINGAPORE in goods current year until 202204

According to Dalian Infobank, in 202204, SINGAPORE's exports and imports of goods amounted to 85381.4260 million, and were up 18.37% comparing with the same period of last year. Among these, exports were up 16.11% at 44246.7430 million, and imports were up 20.90% at 41134.6830 million. And the corresponding trade surplus was 3112.0600 million and down 23.82%.

During the current year until 202204, SINGAPORE's total exports and imports of goods were 324234.8720 million and were up 18.51% comparing to the same period of last year. Among these, exports were 169933.2140 million and up 16.48%; imports were 154301.6580 million and up 20.82%. The total trade surplus was 15631.5560 million and down 13.98%.

If considering by country (region), CHINA, MALAYSIA, UNITED STATES, TAIWAN, HONG KONG were SINGAPORE's top five trading partners. During the current year until 202204, SINGAPORE's imports and exports to five countries/territories were 40172.9450 million, 35405.8930 million, 31545.0260 million, 29051.9300 million, 20705.1970 million. These values correspond to 12.39%, 10.92%, 9.73%, 8.96%, 6.39% of SINGAPORE's imports and exports, and, respectively, were up 7.11%, up 10.96%, up 23.94%, up 29.32%, up 4.18% comparing to the same period of last year.

Current year until 202204, 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 202204, SINGAPORE's exports to these five countries/territories were 22490.1150 million, 19622.0020 million, 15972.6130 million, 15804.1290 million, 11594.3160 million. These values correspond to 13.23%, 11.55%, 9.40%, 9.30%, 6.82% of SINGAPORE's exports and, respectively, were up 14.60%, up 4.29%, up 11.79%, up 23.57%, up 25.77% comparing with the same period of last year.

Current year until 202204, 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 202204, SINGAPORE's imports from these five countries/territories were 20493.5830 million, 19433.2800 million, 17682.8300 million, 15740.8970 million, 10317.6890 million. These values correspond to 13.28%, 12.59%, 11.46%, 10.20%, 6.69% of SINGAPORE's total imports and, respectively, were up 35.37%, up 10.29%, down 1.11%, up 24.31%, up 69.08% comparing with the same period of last year.

During the current year until 202204, the trade surplus of SINGAPORE was mainly from HONG KONG, INDONESIA, CHINA, VIETNAM, NETHERLANDS at 18538.8070 million, 5509.9560 million, 4807.2850 million, 3887.4490 million, 2761.6300 million, and up 4.41%, up 26.39%, up 175.68%, up 8.17%, up 40.70%. And the trade deficits were mainly from TAIWAN, SOUTH KOREA, UNITED ARAB EMIRATES, MALAYSIA, SAUDI ARABIA at 11935.2360 million, 3952.5380 million, 3687.1370 million, 3460.6670 million, 3005.8430 million, and up 52.77%, down 1166.29%, up 125.72%, up 3.83%, up 85.74%.

Current year until 202204, SINGAPORE's trade surplus or deficit with top five countries/territories During the current year until 202204,  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 113805.6240 million, 53215.3530 million, 44984.2670 million, 15401.1100 million, 13372.9780 million, which were up 19.99%, up 47.53%, up 12.45%, down 10.09%, up 40.94% comparing with the same period of last year and account for 35.10%, 16.41%, 13.87%, 4.75%, 4.12% of SINGAPORE's total imports and exports.

During the current year until 202204, 85, 84, 27, 99, 90 were SINGAPORE's top five traded commodities, with total import and export values of 61831.8370 million, 24304.4980 million, 20089.4070 million, 11483.8080 million, 7308.3990 million. These values correspond to 36.39%, 14.30%, 11.82%, 6.76%, 4.30% of SINGAPORE's total exports and, respectively, were up 19.53%, up 12.55%, up 49.41%, up 47.56%, up 3.21% comparing to the same period of last year.

During the current year until 202204, 85, 27, 84, 71, 90 were SINGAPORE's top five traded commodities, with total import values of 51973.7870 million, 33125.9460 million, 20679.7690 million, 8557.7240 million, 5292.4640 million. These values correspond to 33.68%, 21.47%, 13.40%, 5.55%, 3.43% of SINGAPORE's total exports and, respectively, were up 20.54%, up 46.41%, up 12.33%, up 3.50%, up 14.22% comparing to the same period of last year.

2. Current year until 202204, SINGAPORE binational trade profile

According to Dalian Infobank, during the current year until 202204, SINGAPORE-China binational exports and imports of goods amounted to 40172.9450 million and were up 7.11% comparing with the same period of last year. Among these, exports from SINGAPORE to China were 22490.1150 million and up 14.60%, imports from China to SINGAPORE were 17682.8300 million and down 1.11%. The total binational trade surplus was 4807.2850 million and up 175.68%.

During the urrent year until 202204, 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 17350.0720 million, 7423.3190 million, 2414.5680 million, 2363.1760 million, 1661.1560 million and makes up 43.19%, 18.48%, 6.01%, 5.88%, 4.14% of the total binational imports and exports. These values were also up 23.91%, up 4.43%, down 38.75%, up 6.04%, up 9.98% comparing to the same period last year.

During the current year until 202204, 85, 84, 39, 90, 33 were the top five traded commodities exported to China from SINGAPORE, with export values of 9876.2900 million, 3679.8370 million, 2019.6620 million, 1167.2220 million, 1102.4010 million. These values account for 43.91%, 16.36%, 8.98%, 5.19%, 4.90% of SINGAPORE's total exports and were up 56.17%, up 3.23%, up 3.98%, up 8.45%, up 9.00% comparing to the same period of last year.

During the current year until 202204, 85, 84, 27, 29, 90 were SINGAPORE's top five traded commodities importing from China , with import values of 7473.7820 million, 3743.4820 million, 1512.8310 million, 748.9060 million, 493.9340 million. These values account for 42.27%, 21.17%, 8.56%, 4.24%, 2.79% of SINGAPORE's total imports and were down 2.66%, up 5.65%, down 34.11%, up 130.48%, up 13.77% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: IE Singapore