Singapore recorded a trade surplus of 4747.63 Million SGD in December of 2019. Balance of Trade in Singapore averaged 931.13 Million SGD from 1964 until 2019, reaching an all time high of 8077.24 Million SGD in March of 2015 and a record low of -1999.81 Million SGD in October of 1993. source: Statistics Singapore
Balance of Trade in Singapore is expected to be 5000.00 Million SGD by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Singapore to stand at 6800.00 in 12 months time. In the long-term, the Singapore Balance of Trade is projected to trend around 3400.00 Million SGD in 2020, according to our econometric models.