Singapore recorded a trade surplus of 5367.68 Million SGD in December of 2022. source: Statistics Singapore

Balance of Trade in Singapore averaged 1139.43 Million SGD from 1964 until 2022, reaching an all time high of 8268.96 Million SGD in February of 2022 and a record low of -1999.81 Million SGD in October of 1993. This page provides the latest reported value for - Singapore Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Singapore Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

Balance of Trade in Singapore is expected to be 4000.00 Million SGD by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Balance of Trade is projected to trend around 2800.00 Million SGD in 2024 and 1300.00 Million SGD in 2025, according to our econometric models.

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Singapore Balance of Trade

Calendar GMT Actual Previous Consensus TEForecast
2022-12-16 01:30 AM Nov $3.047B $4.024B $3.8B
2023-01-17 01:30 AM Dec $5.367B $3.344B $2.9B
2023-02-17 01:30 AM Jan $5.367B

Related Last Previous Unit Reference
Balance of Trade 5367.68 3344.53 Million SGD Dec 2022
Current Account 30378.20 27873.90 SGD Million Sep 2022
Current Account to GDP 18.10 16.80 percent of GDP Dec 2021
Imports 47984.33 49455.19 Million SGD Dec 2022
Exports 53352.01 52799.72 Million SGD Dec 2022
External Debt 2514021.60 2470312.70 SGD Million Sep 2022
Terms of Trade 101.11 100.97 points Dec 2022
Capital Flows 56948.90 101647.30 SGD Million Sep 2022
Foreign Direct Investment 35297.00 33233.90 SGD Million Sep 2022

Singapore Balance of Trade
Singapore economy relies on purchasing of intermediate goods and exporting of high-value added products. Main exports are: machinery and equipment (43 percent of the total exports); petroleum (19 percent) and chemicals (13 percent). Main imports are: machinery and equipment (39 percent of the total imports); petroleum (33 percent); chemical products (7 percent) and miscellaneous manufactured articles (7 percent). In 2017, the biggest trade deficits were recorded with China, Hong Kong, Malaysia, Indonesia and the United States. Singapore did not record surpluses with any country.
Actual Previous Highest Lowest Dates Unit Frequency
5367.68 3344.53 8268.96 -1999.81 1964 - 2022 Million SGD Monthly