What goods does Singapore import and export?

Major imports are machinery and transport equipment and crude petroleum, while machinery and refined petroleum products are the major exports. China, the United States, Indonesia, Malaysia, and Japan are Singapore’s principal trading partners.

What does Singapore import and export?

Overall Exports and Imports for Singapore 2019

  • The total value of exports (FOB) is US$ 390,332 million.
  • The total value of imports (CIF) is US$ 358,975 million.
  • At the HS6 digit level, 4,257 products are exported to 220 countries and 4,307 products are imported from 221 countries.

What are Singapore’s major exports?

The top export categories (2-digit HS) in 2019 were: aircraft ($6.1 billion), machinery ($5.3 billion), electrical machinery ($4.1 billion), optical and medical instruments ($3.1 billion), and mineral fuels ($2.9 billion).

Does Singapore import or export more?

Overview Of Singapore’s Economy

It is also currently ranked as the 17th largest export economy in the world. The country has annual product exports of $323 billion and imports of $323 billion, giving it a neutral trade balance. The GDP of Singapore is $364 billion and its GDP per capita is $64,582.

What 5 countries do we import the most from?

The top five suppliers of U.S. goods imports in 2019 were: China ($452 billion), Mexico ($358 billion), Canada ($319 billion), Japan ($144 billion), and Germany ($128 billion). U.S. goods imports from the European Union 27 were $515 billion. The United States is the largest services exporter in the world.

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What is Singapore best known for?

Here are 11 things that Singapore is best known for.

  • Being super clean. …
  • Greenery amidst the city. …
  • That ban on chewing gum. …
  • The Marina Bay Skyline. …
  • Fines and corporal punishment. …
  • Inventing the Singapore Sling. …
  • Year round summer (and stickiness) …
  • The land of shopping malls.

What products is Singapore known for?

10 Best Things to Buy in Singapore – The Ultimate List of Souvenirs

  1. Miniature Merlion Souvenirs. The Merlion is considered a symbol of Singapore (Source) …
  2. Orchid Perfumes. …
  3. Asian Artefacts. …
  4. Bak-Kwa (BBQ Meat) …
  5. Ya-Kun Kaya Spread (Coconut Jam) …
  6. Singapore Pressed Pennies. …
  7. Tiger Balm Products. …
  8. Laksa Paste.

Which country is Singapore’s largest trading partner?

Singapore top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
China 51,619 13.22
Hong Kong, China 44,377 11.37
Malaysia 41,152 10.54
United States 34,401 8.81

Why is Singapore so rich?

Today, the Singapore economy is one of the most stable in the world, with no foreign debt, high government revenue and a consistently positive surplus. The Singapore economy is mainly driven by exports in electronics manufacturing and machinery, financial services, tourism, and the world’s busiest cargo seaport.

Is Singapore dependent on exports?

The Singaporean economy depends heavily on exports and refining imported goods, especially in manufacturing. Singapore’s imports include machinery and equipment, mineral fuels, chemicals, foodstuffs and consumer goods.

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