1.  Overview the trade of SINGAPORE in goods current year until 202210

According to Dalian Infobank, in 202210, SINGAPORE's exports and imports of goods amounted to 77406.9810 million, and were up 2.94% comparing with the same period of last year. Among these, exports were up 0.79% at 40020.0460 million, and imports were up 5.35% at 37386.9350 million. And the corresponding trade surplus was 2633.1110 million and down 37.54%.

During the current year until 202210, SINGAPORE's total exports and imports of goods were 837519.2300 million and were up 19.37% comparing to the same period of last year. Among these, exports were 435553.6380 million and up 17.02%; imports were 401965.5920 million and up 22.04%. The total trade surplus was 33588.0460 million and down 21.58%.

If considering by country (region), CHINA, MALAYSIA, UNITED STATES, TAIWAN, HONG KONG were SINGAPORE's top five trading partners. During the current year until 202210, SINGAPORE's imports and exports to five countries/territories were 105781.4670 million, 93747.7880 million, 81876.5970 million, 71042.2440 million, 51461.0970 million. These values correspond to 12.63%, 11.19%, 9.78%, 8.48%, 6.14% of SINGAPORE's imports and exports, and, respectively, were up 7.10%, up 19.93%, up 24.94%, up 18.10%, down 0.83% comparing to the same period of last year.

Current year until 202210, 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 202210, SINGAPORE's exports to these five countries/territories were 54489.4530 million, 48750.5290 million, 43715.3490 million, 38421.9970 million, 31517.6130 million. These values correspond to 12.51%, 11.19%, 10.04%, 8.82%, 7.24% of SINGAPORE's exports and, respectively, were down 0.64%, down 0.86%, up 27.81%, up 18.54%, up 37.12% comparing with the same period of last year.

Current year until 202210, 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 202210, SINGAPORE's imports from these five countries/territories were 51292.0140 million, 50032.4390 million, 49766.4730 million, 43454.6000 million, 26196.5690 million. These values correspond to 12.76%, 12.45%, 12.38%, 10.81%, 6.52% of SINGAPORE's total imports and, respectively, were up 16.76%, up 13.79%, up 20.70%, up 31.19%, up 50.89% comparing with the same period of last year.

During the current year until 202210, the trade surplus of SINGAPORE was mainly from HONG KONG, INDONESIA, VIETNAM, CAMBODIA, NETHERLANDS at 46039.9610 million, 16326.7690 million, 9913.0800 million, 7300.8860 million, 6985.8300 million, and down 0.90%, up 53.02%, up 10.41%, up 46.70%, up 29.43%. And the trade deficits were mainly from TAIWAN, UNITED ARAB EMIRATES, SOUTH KOREA, SWITZERLAND, FRANCE at 28490.7020 million, 9093.6520 million, 9031.6830 million, 7131.5390 million, 7081.1870 million, and up 27.72%, up 40.32%, up 708.89%, up 77.45%, up 12.06%.

Current year until 202210, SINGAPORE's trade surplus or deficit with top five countries/territories During the current year until 202210,  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 285275.2250 million, 144727.6260 million, 117903.5270 million, 43554.2490 million, 34550.0560 million, which were up 15.28%, up 50.46%, up 11.81%, up 23.84%, up 49.53% comparing with the same period of last year and account for 34.06%, 17.28%, 14.08%, 5.20%, 4.13% of SINGAPORE's total imports and exports.

During the current year until 202210, 85, 84, 27, 99, 71 were SINGAPORE's top five traded commodities, with total import and export values of 154083.1930 million, 63092.8900 million, 55390.1540 million, 30778.9100 million, 20211.5120 million. These values correspond to 35.38%, 14.49%, 12.72%, 7.07%, 4.64% of SINGAPORE's total exports and, respectively, were up 13.70%, up 11.23%, up 52.74%, up 56.67%, up 14.87% comparing to the same period of last year.

During the current year until 202210, 85, 27, 84, 71, 90 were SINGAPORE's top five traded commodities, with total import values of 131192.0320 million, 89337.4720 million, 54810.6370 million, 23342.7370 million, 13343.8810 million. These values correspond to 32.64%, 22.23%, 13.64%, 5.81%, 3.32% of SINGAPORE's total exports and, respectively, were up 17.20%, up 49.08%, up 12.48%, up 32.82%, up 11.23% comparing to the same period of last year.

2. Current year until 202210, SINGAPORE binational trade profile

According to Dalian Infobank, during the current year until 202210, SINGAPORE-China binational exports and imports of goods amounted to 105781.4670 million and were up 7.10% comparing with the same period of last year. Among these, exports from SINGAPORE to China were 54489.4530 million and down 0.64%, imports from China to SINGAPORE were 51292.0140 million and up 16.76%. The total binational trade surplus was 3197.4390 million and down 70.69%.

During the urrent year until 202210, 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 43367.4650 million, 19301.0110 million, 7657.6140 million, 5447.7090 million, 5288.1150 million and makes up 41.00%, 18.25%, 7.24%, 5.15%, 5.00% of the total binational imports and exports. These values were also up 13.65%, up 3.18%, down 2.21%, down 2.03%, up 47.05% comparing to the same period last year.

During the current year until 202210, 85, 84, 39, 90, 33 were the top five traded commodities exported to China from SINGAPORE, with export values of 23353.1250 million, 9072.1210 million, 4581.2800 million, 3171.8340 million, 2613.6040 million. These values account for 42.86%, 16.65%, 8.41%, 5.82%, 4.80% of SINGAPORE's total exports and were up 20.67%, down 2.17%, down 4.61%, up 11.41%, up 1.97% comparing to the same period of last year.

During the current year until 202210, 85, 84, 27, 29, 90 were SINGAPORE's top five traded commodities importing from China , with import values of 20014.3400 million, 10228.8900 million, 5387.9390 million, 3416.7430 million, 1330.3830 million. These values account for 39.02%, 19.94%, 10.50%, 6.66%, 2.59% of SINGAPORE's total imports and were up 6.43%, up 8.43%, up 31.27%, up 198.08%, up 12.37% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: IE Singapore