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.


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Singapore Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
4747.63 3686.87 8077.24 -1999.81 1964 - 2019 Million SGD Monthly
SA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-17 12:30 AM Sep $3.83B $3.77B $ 4B
2019-11-18 12:30 AM Oct $3.78B $3.83B $4.4B
2019-12-17 12:30 AM Nov $3.69B $3.78B $4.2B
2020-01-17 12:30 AM Dec $4.75B $3.69B $ 2.4B
2020-02-17 12:30 AM Jan $4.75B $3.7B


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.

Singapore Trade Last Previous Highest Lowest Unit
Balance of Trade 4747.63 3686.87 8077.24 -1999.81 Million SGD [+]
Current Account 22017.00 22742.50 24780.60 -659.20 SGD Million [+]
Current Account to GDP 17.70 16.00 26.10 -13.10 percent [+]
Imports 40392.33 41503.06 44689.59 266.38 Million SGD [+]
Exports 45139.96 45189.92 48730.89 197.68 Million SGD [+]
External Debt 2105725.40 2080866.80 2105725.40 854184.00 SGD Million [+]
Terms of Trade 98.68 99.48 174.30 96.67 points [+]
Capital Flows 17687.90 55135.60 55135.60 -5008.50 SGD Million [+]
Tourist Arrivals 1532455.00 1525549.00 1801365.00 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 39895.40 37893.00 39895.40 -4441.60 SGD Million [+]