Singapore

Compare Singapore →

SG · SGP · BACI 702 · latest data 2024

Exports

$331.7B USD, nominal · 2024

= $331,685 M20.8% over 5 yrs (up)

Imports

$443.6B USD, nominal · 2024

= $443,614 M25.2% over 5 yrs (up)

Trade balancedeficit

−$111.9B USD, nominal · 2024

= −$111,929 M

Total trade

$775.3B USD, nominal · 2024

= $775,299 M23.3% over 5 yrs (up)

World position: #23 of 225 exporters · top 25% · #14 of 225 importers · top 10% · 2024
World export share since 1995: −0.5 pp

Trade timeline

Singapore's exports grew from $97.7B in 1995 to $331.7B in 2024; the 2024 balance was −$111.9B.

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Exports, imports, trade balance and total trade of Singapore per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$97,683 M	$127,265 M	−$29,582 M	$224,947 M
1996	$102,305 M	$134,769 M	−$32,464 M	$237,073 M
1997	$100,998 M	$135,444 M	−$34,447 M	$236,442 M
1998	$91,286 M	$106,995 M	−$15,709 M	$198,282 M
1999	$94,620 M	$115,366 M	−$20,746 M	$209,986 M
2000	$106,336 M	$143,793 M	−$37,457 M	$250,129 M
2001	$91,313 M	$124,479 M	−$33,166 M	$215,792 M
2002	$95,666 M	$124,877 M	−$29,211 M	$220,543 M
2003	$113,972 M	$139,773 M	−$25,802 M	$253,745 M
2004	$135,932 M	$176,520 M	−$40,588 M	$312,452 M
2005	$158,090 M	$184,178 M	−$26,088 M	$342,268 M
2006	$182,304 M	$217,297 M	−$34,993 M	$399,600 M
2007	$207,895 M	$271,650 M	−$63,755 M	$479,545 M
2008	$236,108 M	$321,786 M	−$85,678 M	$557,895 M
2009	$193,432 M	$253,335 M	−$59,903 M	$446,768 M
2010	$234,281 M	$294,203 M	−$59,922 M	$528,484 M
2011	$278,058 M	$359,651 M	−$81,593 M	$637,709 M
2012	$276,641 M	$385,798 M	−$109,157 M	$662,439 M
2013	$274,310 M	$389,102 M	−$114,793 M	$663,412 M
2014	$273,408 M	$378,779 M	−$105,371 M	$652,187 M
2015	$237,820 M	$312,374 M	−$74,554 M	$550,194 M
2016	$225,430 M	$286,611 M	−$61,180 M	$512,041 M
2017	$336,116 M	$336,237 M	−$121 M	$672,353 M
2018	$293,250 M	$367,723 M	−$74,473 M	$660,973 M
2019	$274,646 M	$354,376 M	−$79,731 M	$629,022 M
2020	$253,587 M	$335,411 M	−$81,823 M	$588,998 M
2021	$315,247 M	$399,975 M	−$84,728 M	$715,222 M
2022	$346,140 M	$466,334 M	−$120,194 M	$812,474 M
2023	$332,622 M	$421,277 M	−$88,654 M	$753,899 M
2024	$331,685 M	$443,614 M	−$111,929 M	$775,299 M

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World share & rank

World export share moved from 1.9% in 1995 to 1.5% in 2024; export rank #12 → #23.

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World export and import share in percent, and world ranks, of Singapore per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	1.93%	2.51%	#12	#13
1996	1.91%	2.51%	#12	#13
1997	1.80%	2.42%	#14	#13
1998	1.64%	1.93%	#15	#14
1999	1.65%	2.01%	#15	#15
2000	1.64%	2.21%	#16	#15
2001	1.45%	1.97%	#17	#15
2002	1.45%	1.89%	#18	#15
2003	1.49%	1.83%	#17	#15
2004	1.47%	1.91%	#16	#15
2005	1.51%	1.76%	#17	#15
2006	1.51%	1.80%	#17	#15
2007	1.49%	1.94%	#17	#14
2008	1.46%	1.99%	#17	#14
2009	1.55%	2.03%	#16	#15
2010	1.56%	1.96%	#18	#16
2011	1.55%	2.00%	#19	#14
2012	1.53%	2.14%	#20	#13
2013	1.51%	2.14%	#19	#13
2014	1.49%	2.06%	#19	#14
2015	1.48%	1.95%	#19	#14
2016	1.44%	1.83%	#19	#16
2017	1.92%	1.92%	#13	#15
2018	1.54%	1.93%	#19	#15
2019	1.48%	1.91%	#21	#15
2020	1.48%	1.96%	#21	#14
2021	1.47%	1.87%	#21	#16
2022	1.44%	1.93%	#25	#16
2023	1.47%	1.86%	#23	#16
2024	1.45%	1.94%	#23	#14

30 rows

Trading partners

China was Singapore's top trading partner in 2024, at 12.3% of total trade; the top five partners covered 49.7%.

Year

Top partner share: 12.3%
Top-5 share: 49.7%
Partners: 220
Partner HHI (0–1): 0.063

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Hong Kong $51.6B

China $39.4B

United States $35.2B

Malaysia $35.0B

Indonesia $20.9B

Vietnam $17.0B

South Korea $10.8B

Australia $10.0B

Other Asia, nes $10.0B

Japan $9.0B

India $7.9B

Thailand $7.8B

Germany $5.2B

United Arab Emirates $5.0B

France $3.3B

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Top partners of Singapore in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	China	$39,383 M	$56,182 M	$95,566 M	−$16,799 M
#2	Malaysia	$35,025 M	$51,606 M	$86,631 M	−$16,581 M
#3	United States	$35,216 M	$42,597 M	$77,813 M	−$7,382 M
#4	Other Asia, nes	$9,960 M	$59,432 M	$69,393 M	−$49,472 M
#5	Hong Kong	$51,571 M	$4,245 M	$55,815 M	$47,326 M
#6	South Korea	$10,822 M	$29,541 M	$40,363 M	−$18,720 M
#7	Indonesia	$20,863 M	$15,114 M	$35,977 M	$5,749 M
#8	Japan	$8,994 M	$19,538 M	$28,532 M	−$10,544 M
#9	Vietnam	$17,049 M	$6,396 M	$23,445 M	$10,653 M
#10	Thailand	$7,786 M	$13,642 M	$21,429 M	−$5,856 M
#11	India	$7,921 M	$10,721 M	$18,642 M	−$2,799 M
#12	United Arab Emirates	$4,965 M	$12,837 M	$17,802 M	−$7,872 M
#13	Australia	$10,007 M	$7,750 M	$17,757 M	$2,257 M
#14	France	$3,283 M	$11,895 M	$15,178 M	−$8,612 M
#15	Germany	$5,226 M	$8,468 M	$13,694 M	−$3,242 M

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Products & sectors

Product composition of Singapore's trade in 2024.

Year

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Concentration & risk

Singapore's export partners held steady over 1995–2024 — HHI 0.078 → 0.074, a diversified export base across 212 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Singapore per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.078	0.094	163	147
1996	0.080	0.084	166	149
1997	0.083	0.087	165	147
1998	0.076	0.088	166	150
1999	0.074	0.086	206	192
2000	0.071	0.084	213	199
2001	0.064	0.081	209	192
2002	0.065	0.076	211	197
2003	0.063	0.073	183	165
2004	0.059	0.069	184	169
2005	0.058	0.064	186	167
2006	0.057	0.066	184	168
2007	0.062	0.069	193	175
2008	0.058	0.061	190	178
2009	0.055	0.062	191	175
2010	0.060	0.060	190	177
2011	0.058	0.055	205	202
2012	0.061	0.056	213	215
2013	0.060	0.057	215	217
2014	0.065	0.056	219	221
2015	0.067	0.065	217	221
2016	0.067	0.065	216	221
2017	0.084	0.064	215	218
2018	0.064	0.062	218	219
2019	0.066	0.066	216	218
2020	0.072	0.072	214	221
2021	0.073	0.071	211	221
2022	0.064	0.073	215	221
2023	0.065	0.072	217	220
2024	0.074	0.070	212	220

30 rows

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