Singapore recorded a trade surplus of 3962.64 Million SGD in May of 2019. Balance of Trade in Singapore averaged 903.32 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.

Balance of Trade in Singapore is expected to be 3700.00 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 5000.00 in 12 months time. In the long-term, the Singapore Balance of Trade is projected to trend around 7300.00 Million SGD in 2020, according to our econometric models.

Singapore Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-18 01:00 AM Balance of Trade $5.20B $2.37B $2.6B
2019-04-17 01:00 AM Balance of Trade $3.62B $5.20B
2019-05-17 01:00 AM Balance of Trade $2.78B $3.62B $4.5B
2019-06-17 12:30 AM Balance of Trade $3.96B $2.75B $4.1B
2019-07-17 12:30 AM Balance of Trade $3.96B $ 3.7B
2019-08-16 12:30 AM Balance of Trade $2.5B
2019-09-17 12:30 AM Balance of Trade $4.2B


Singapore Trade Last Previous Highest Lowest Unit
Balance of Trade 3962.64 2749.46 8077.24 -1999.81 Million SGD [+]
Current Account 20296.50 17970.30 24780.60 -659.20 SGD Million [+]
Current Account to GDP 17.70 16.00 26.10 -13.10 percent [+]
Imports 42055.06 41132.62 44689.59 266.38 Million SGD [+]
Exports 46017.70 43882.08 48730.89 197.68 Million SGD [+]
External Debt 2045992.30 2011703.30 2065093.00 854184.00 SGD Million [+]
Terms of Trade 99.53 99.62 178.53 98.83 Index Points [+]
Capital Flows 8475.60 20020.80 23813.20 -5008.50 SGD Million [+]
Tourist Arrivals 1596487.00 1564254.00 1732871.00 147954.00 [+]
Gold Reserves 127.40 127.40 127.40 0.00 Tonnes [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Foreign Direct Investment 33093.60 26249.30 39332.80 -4441.60 SGD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. 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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3962.64 2749.46 8077.24 -1999.81 1964 - 2019 Million SGD Monthly
SA




Country Last Previous
Argentina 1131.00 Apr/19
Australia 4871.00 Apr/19
Brazil 6422.00 May/19
Canada -966.20 Apr/19
China 416.58 May/19
Euro Area 22532.90 Mar/19
France -4981.00 Apr/19
Germany 17900.00 Apr/19
India -15360.00 May/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1370.00 Apr/19
Netherlands 4154.00 Apr/19
Russia 13705.00 Apr/19
Saudi Arabia 180059.00 Dec/18
Singapore 3962.64 May/19
South Africa -3427.45 Apr/19
South Korea 2271.00 May/19
Spain -2352600.00 Mar/19
Switzerland 1906.00 Apr/19
Turkey -2982.01 Apr/19
United Kingdom -2740.00 Apr/19
United States -50791.00 Apr/19


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