Singapore recorded a trade surplus of 6201.63 Million SGD in December of 2020. source: Statistics Singapore

Balance of Trade in Singapore averaged 979.11 Million SGD from 1964 until 2020, reaching an all time high of 7973.33 Million SGD in March of 2015 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 January of 2021.

Balance of Trade in Singapore is expected to be 4100.00 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 7300.00 in 12 months time. In the long-term, the Singapore Balance of Trade is projected to trend around 7300.00 Million SGD in 2022 and 3400.00 Million SGD in 2023, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Singapore Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
6201.63 3934.26 7973.33 -1999.81 1964 - 2020 Million SGD Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-10-16 12:30 AM Sep $3.04B $6.48B $ 5.4B
2020-11-17 01:15 AM Oct $4.36B $3.04B $4.1B
2020-12-17 01:00 AM Nov $3.93B $4.35B
2021-01-18 01:00 AM Dec $6.20B $3.93B $4.1B
2021-02-17 12:30 AM Jan $6.20B
2021-03-17 12:30 AM Feb
2021-04-16 12:30 AM Mar
2021-05-17 12:30 AM Apr

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.