1.  Overview the trade of SINGAPORE in goods current year until 202209

According to Dalian Infobank, in 202209, SINGAPORE's exports and imports of goods amounted to 83700.7100 million, and were up 15.10% comparing with the same period of last year. Among these, exports were up 14.52% at 44210.5620 million, and imports were up 15.76% at 39490.1480 million. And the corresponding trade surplus was 4720.4140 million and up 5.09%.

During the current year until 202209, SINGAPORE's total exports and imports of goods were 760112.2490 million and were up 21.35% comparing to the same period of last year. Among these, exports were 395533.5920 million and up 18.96%; imports were 364578.6570 million and up 24.05%. The total trade surplus was 30954.9350 million and down 19.84%.

If considering by country (region), CHINA, MALAYSIA, UNITED STATES, TAIWAN, HONG KONG were SINGAPORE's top five trading partners. During the current year until 202209, SINGAPORE's imports and exports to five countries/territories were 95060.9110 million, 84870.7940 million, 73867.6510 million, 64364.5740 million, 47488.9090 million. These values correspond to 12.51%, 11.17%, 9.72%, 8.47%, 6.25% of SINGAPORE's imports and exports, and, respectively, were up 7.97%, up 22.03%, up 26.06%, up 19.98%, up 1.29% comparing to the same period of last year.

Current year until 202209, 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 202209, SINGAPORE's exports to these five countries/territories were 48957.4750 million, 44923.6790 million, 39341.2630 million, 34796.5400 million, 28656.9390 million. These values correspond to 12.38%, 11.36%, 9.95%, 8.80%, 7.25% of SINGAPORE's exports and, respectively, were up 0.79%, up 1.09%, up 29.60%, up 19.63%, up 38.80% comparing with the same period of last year.

Current year until 202209, SINGAPORE's exports to top five countries/territories CHINA, MALAYSIA, TAIWAN, 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 202209, SINGAPORE's imports from these five countries/territories were 46103.4360 million, 45529.5310 million, 45217.7520 million, 39071.1110 million, 24060.2450 million. These values correspond to 12.65%, 12.49%, 12.40%, 10.72%, 6.60% of SINGAPORE's total imports and, respectively, were up 16.81%, up 16.16%, up 23.05%, up 32.40%, up 56.33% comparing with the same period of last year.

During the current year until 202209, the trade surplus of SINGAPORE was mainly from HONG KONG, INDONESIA, VIETNAM, CAMBODIA, AUSTRALIA at 42358.4490 million, 14848.6280 million, 9063.9540 million, 6890.1990 million, 6569.6610 million, and up 0.86%, up 54.11%, up 12.26%, up 54.47%, up 75.74%. And the trade deficits were mainly from TAIWAN, SOUTH KOREA, UNITED ARAB EMIRATES, FRANCE, SAUDI ARABIA at 26070.9300 million, 8530.0210 million, 8343.6740 million, 6415.9060 million, 6373.8740 million, and up 31.33%, up 934.14%, up 53.50%, up 11.90%, up 73.79%.

Current year until 202209, SINGAPORE's trade surplus or deficit with top five countries/territories During the current year until 202209,  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 259718.8080 million, 132526.7000 million, 104941.1540 million, 39317.6100 million, 31417.3330 million, which were up 17.68%, up 55.57%, up 11.52%, up 25.56%, up 50.04% comparing with the same period of last year and account for 34.17%, 17.44%, 13.81%, 5.17%, 4.13% of SINGAPORE's total imports and exports.

During the current year until 202209, 85, 84, 27, 99, 71 were SINGAPORE's top five traded commodities, with total import and export values of 140300.9230 million, 56224.0670 million, 50682.3170 million, 27872.5790 million, 18444.5490 million. These values correspond to 35.47%, 14.21%, 12.81%, 7.05%, 4.66% of SINGAPORE's total exports and, respectively, were up 15.99%, up 11.33%, up 57.97%, up 57.54%, up 17.24% comparing to the same period of last year.

During the current year until 202209, 85, 27, 84, 71, 90 were SINGAPORE's top five traded commodities, with total import values of 119417.8850 million, 81844.3830 million, 48717.0870 million, 20873.0610 million, 12173.8320 million. These values correspond to 32.76%, 22.45%, 13.36%, 5.73%, 3.34% of SINGAPORE's total exports and, respectively, were up 19.74%, up 54.12%, up 11.73%, up 33.97%, up 13.94% comparing to the same period of last year.

2. Current year until 202209, SINGAPORE binational trade profile

According to Dalian Infobank, during the current year until 202209, SINGAPORE-China binational exports and imports of goods amounted to 95060.9110 million and were up 7.97% comparing with the same period of last year. Among these, exports from SINGAPORE to China were 48957.4750 million and up 0.79%, imports from China to SINGAPORE were 46103.4360 million and up 16.81%. The total binational trade surplus was 2854.0390 million and down 68.65%.

During the urrent year until 202209, 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 38601.4130 million, 17455.6530 million, 6920.3650 million, 4962.8160 million, 4834.8440 million and makes up 40.61%, 18.36%, 7.28%, 5.22%, 5.09% of the total binational imports and exports. These values were also up 15.34%, up 4.21%, down 5.45%, up 0.04%, up 46.32% comparing to the same period last year.

During the current year until 202209, 85, 84, 39, 90, 33 were the top five traded commodities exported to China from SINGAPORE, with export values of 20824.1060 million, 8249.7010 million, 4182.9830 million, 2912.7760 million, 2317.2900 million. These values account for 42.54%, 16.85%, 8.54%, 5.95%, 4.73% of SINGAPORE's total exports and were up 24.06%, down 0.24%, down 2.22%, up 14.22%, up 0.97% comparing to the same period of last year.

During the current year until 202209, 85, 84, 27, 29, 90 were SINGAPORE's top five traded commodities importing from China , with import values of 17777.3070 million, 9205.9520 million, 4970.3660 million, 3076.0400 million, 1204.8950 million. These values account for 38.56%, 19.97%, 10.78%, 6.67%, 2.61% of SINGAPORE's total imports and were up 6.57%, up 8.55%, up 29.75%, up 189.89%, up 13.20% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: IE Singapore