1.  Overview the trade of SINGAPORE in goods current year until 202206

According to Dalian Infobank, in 202206, SINGAPORE's exports and imports of goods amounted to 89555.9920 million, and were up 26.14% comparing with the same period of last year. Among these, exports were up 24.75% at 46426.5790 million, and imports were up 27.68% at 43129.4130 million. And the corresponding trade surplus was 3297.1660 million and down 4.01%.

During the current year until 202206, SINGAPORE's total exports and imports of goods were 498627.5420 million and were up 21.19% comparing to the same period of last year. Among these, exports were 259557.3840 million and up 18.68%; imports were 239070.1580 million and up 24.03%. The total trade surplus was 20487.2260 million and down 21.10%.

If considering by country (region), CHINA, MALAYSIA, UNITED STATES, TAIWAN, HONG KONG were SINGAPORE's top five trading partners. During the current year until 202206, SINGAPORE's imports and exports to five countries/territories were 61713.8370 million, 55648.5320 million, 48302.6400 million, 43631.9150 million, 32251.3560 million. These values correspond to 12.38%, 11.16%, 9.69%, 8.75%, 6.47% of SINGAPORE's imports and exports, and, respectively, were up 8.18%, up 19.46%, up 24.63%, up 29.36%, up 4.68% comparing to the same period of last year.

Current year until 202206, 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 202206, SINGAPORE's exports to these five countries/territories were 32858.2190 million, 30614.8250 million, 25953.8970 million, 23054.3800 million, 18347.5140 million. These values correspond to 12.66%, 11.80%, 10.00%, 8.88%, 7.07% of SINGAPORE's exports and, respectively, were up 8.97%, up 5.03%, up 27.49%, up 17.53%, up 30.90% comparing with the same period of last year.

Current year until 202206, 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 202206, SINGAPORE's imports from these five countries/territories were 30778.1920 million, 29694.6350 million, 28855.6180 million, 25248.2600 million, 15941.9540 million. These values correspond to 12.87%, 12.42%, 12.07%, 10.56%, 6.67% of SINGAPORE's total imports and, respectively, were up 34.70%, up 13.22%, up 7.30%, up 31.91%, up 68.03% comparing with the same period of last year.

During the current year until 202206, the trade surplus of SINGAPORE was mainly from HONG KONG, INDONESIA, VIETNAM, AUSTRALIA, NETHERLANDS at 28978.2940 million, 9019.4100 million, 5716.9480 million, 4295.8730 million, 4038.6660 million, and up 5.42%, up 34.16%, up 6.28%, up 130.62%, up 29.24%. And the trade deficits were mainly from TAIWAN, SOUTH KOREA, UNITED ARAB EMIRATES, SAUDI ARABIA, FRANCE at 17924.4690 million, 5942.5010 million, 5635.8350 million, 4597.5400 million, 3892.7650 million, and up 49.74%, down 2301.71%, up 97.32%, up 79.57%, up 2.78%.

Current year until 202206, SINGAPORE's trade surplus or deficit with top five countries/territories During the current year until 202206,  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 172712.3860 million, 86318.4820 million, 68084.6380 million, 24134.9220 million, 20182.8770 million, which were up 21.09%, up 55.26%, up 11.54%, up 8.03%, up 42.99% comparing with the same period of last year and account for 34.64%, 17.31%, 13.65%, 4.84%, 4.05% of SINGAPORE's total imports and exports.

During the current year until 202206, 85, 84, 27, 99, 90 were SINGAPORE's top five traded commodities, with total import and export values of 93472.6250 million, 36654.4510 million, 32838.5360 million, 17618.2460 million, 11211.6930 million. These values correspond to 36.01%, 14.12%, 12.65%, 6.79%, 4.32% of SINGAPORE's total exports and, respectively, were up 20.03%, up 10.63%, up 55.88%, up 51.67%, up 4.79% comparing to the same period of last year.

During the current year until 202206, 85, 27, 84, 71, 90 were SINGAPORE's top five traded commodities, with total import values of 79239.7610 million, 53479.9460 million, 31430.1870 million, 12954.0500 million, 8109.4070 million. These values correspond to 33.14%, 22.37%, 13.15%, 5.42%, 3.39% of SINGAPORE's total exports and, respectively, were up 22.37%, up 54.87%, up 12.62%, up 15.13%, up 15.62% comparing to the same period of last year.

2. Current year until 202206, SINGAPORE binational trade profile

According to Dalian Infobank, during the current year until 202206, SINGAPORE-China binational exports and imports of goods amounted to 61713.8370 million and were up 8.18% comparing with the same period of last year. Among these, exports from SINGAPORE to China were 32858.2190 million and up 8.97%, imports from China to SINGAPORE were 28855.6180 million and up 7.30%. The total binational trade surplus was 4002.6010 million and up 22.68%.

During the urrent year until 202206, commodities with hs2 code, 85, 84, 27, 39, 29, were binational trade's top five traded commodities. They correspond to import and export values of 25385.3480 million, 11364.6390 million, 4374.8050 million, 3481.3020 million, 2740.4970 million and makes up 41.13%, 18.42%, 7.09%, 5.64%, 4.44% of the total binational imports and exports. These values were also up 20.31%, up 4.62%, down 24.83%, up 6.00%, up 23.96% comparing to the same period last year.

During the current year until 202206, 85, 84, 39, 90, 33 were the top five traded commodities exported to China from SINGAPORE, with export values of 13922.2770 million, 5480.0900 million, 2966.6830 million, 1905.0780 million, 1635.7730 million. These values account for 42.37%, 16.68%, 9.03%, 5.80%, 4.98% of SINGAPORE's total exports and were up 40.64%, up 0.20%, up 4.38%, up 12.77%, up 7.11% comparing to the same period of last year.

During the current year until 202206, 85, 84, 27, 29, 90 were SINGAPORE's top five traded commodities importing from China , with import values of 11463.0710 million, 5884.5490 million, 3134.8220 million, 1477.9210 million, 765.8390 million. These values account for 39.73%, 20.39%, 10.86%, 5.12%, 2.65% of SINGAPORE's total imports and were up 2.34%, up 9.10%, down 4.13%, up 91.81%, up 15.95% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: IE Singapore