Singapore recorded a trade surplus of 1943.12 Million SGD in December of 2018. Balance of Trade in Singapore averaged 882.24 Million SGD from 1964 until 2018, reaching an all time high of 7827.21 Million SGD in December of 2011 and a record low of -2000.77 Million SGD in October of 1993.

Balance of Trade in Singapore is expected to be 5400.00 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 6200.00 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
2018-10-17 12:30 AM Balance of Trade $3.68B $6.76B $ 5.2B
2018-11-16 01:00 AM Balance of Trade $4.52B $3.68B $ 5.3B
2018-12-17 01:00 AM Balance of Trade $3.80B $4.52B $ 6B
2019-01-17 12:45 AM Balance of Trade $1.94B $3.97B $ 6.1B
2019-02-18 01:00 AM Balance of Trade $1.94B $2.4B
2019-03-18 01:00 AM Balance of Trade
2019-04-17 12:40 AM Balance of Trade


Singapore Trade Last Previous Highest Lowest Unit
Balance of Trade 1943.12 3970.22 7827.21 -2000.77 Million SGD [+]
Current Account 17796.10 23400.20 25054.10 -659.20 SGD Million [+]
Current Account to GDP 19.50 19.00 26.10 -13.10 percent [+]
Imports 41848.70 43069.54 45112.24 266.38 Million SGD [+]
Exports 43791.82 47039.76 49561.22 197.68 Million SGD [+]
External Debt 1981146.00 2029398.90 2029398.90 854184.00 SGD Million [+]
Terms of Trade 103.88 103.10 178.53 99.02 Index Points [+]
Capital Flows 21311.40 16532.50 23813.20 -5008.50 SGD Million [+]
Tourist Arrivals 1601924.00 1406015.00 1730428.00 147954.00 [+]
Gold Reserves 127.40 127.40 127.40 0.00 Tonnes [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Weapons Sales 47.00 48.00 91.00 1.00 USD Million [+]
Foreign Direct Investment 32853.80 19484.10 32853.80 -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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1943.12 3970.22 7827.21 -2000.77 1964 - 2018 Million SGD Monthly
SA




Country Last Previous
Argentina 1369.00 Dec/18
Australia 3681.00 Dec/18
Brazil 2190.00 Jan/19
Canada -2060.10 Nov/18
China 391.60 Jan/19
Euro Area 16990.70 Dec/18
France -4653.00 Dec/18
Germany 13900.00 Dec/18
India -14730.00 Jan/19
Indonesia -1159.50 Jan/19
Italy 3658.00 Dec/18
Japan -55.29 Dec/18
Mexico 1836.32 Dec/18
Netherlands 3572.00 Dec/18
Russia 18856.00 Dec/18
Saudi Arabia 184673.00 Sep/18
Singapore 1943.12 Dec/18
South Africa 17167.41 Dec/18
South Korea 1336.00 Jan/19
Spain -2568800.00 Nov/18
Switzerland 1787.14 Dec/18
Turkey -2674.41 Dec/18
United Kingdom -3229.00 Dec/18
United States -49313.00 Nov/18


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