Singapore recorded a trade surplus of 5242 SGD Million in March of 2025. This dataset 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.

Key information about Singapore's Trade Balance

• Singapore's Trade Balance recorded a surplus of 2.2 USD bn in Jan 2025, compared with a surplus of 2.8 USD bn in the previous month
• Singapore's Trade Balance data is updated monthly, available from Jan 1976 to Jan 2025, with an averaged value of 456.9 USD mn
• The data reached an all-time high of 6.1 USD bn in Dec 2011 and a record low of -1.3 USD bn in Oct 1993

• In the latest reports, Singapore's Total Exports reached 43.3 USD bn in Jan 2025, an increase of 14.8% YoY (year-on-year)
• Total Imports recorded 41.1 USD bn in Jan 2025, an increase of 14.8% YoY (year-on-year)

Singapore trade balance for 2023 was 187.33 billion US dollars, a 2.47% decline from 2022.

<ul style='margin-top:20px;'>

<li>Singapore trade balance for 2022 was <strong>192.08 billion US dollars</strong>, a <strong>22.1% increase</strong> from 2021.</li>
<li>Singapore trade balance for 2021 was <strong>157.31 billion US dollars</strong>, a <strong>43.25% increase</strong> from 2020.</li>
<li>Singapore trade balance for 2020 was <strong>109.81 billion US dollars</strong>, a <strong>1.34% decline</strong> from 2019.</li>
</ul>External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

The statistic shows Singapore's trade balance of goods from 2013 to 2023. Trade balance is the value of exported goods minus the value of imported goods. A positive trade balance signifies a trade surplus, while a negative value signifies a trade deficit. In 2023, Singapore's trade surplus amounted to around **** billion U.S. dollars.

Singapore: Trade balance as percent of GDP: The latest value from 2023 is 37.36 percent, a decline from 38.53 percent in 2022. In comparison, the world average is -3.03 percent, based on data from 137 countries. Historically, the average for Singapore from 1960 to 2023 is 9.33 percent. The minimum value, -20.37 percent, was reached in 1971 while the maximum of 38.53 percent was recorded in 2022.

In 2023, Singapore had a services trade deficit with the United States of almost **** billion Singapore dollars, indicating that it imports more services from the United States than it exports to it. On the other hand, Singapore had a surplus of close to **** billion Singapore dollars with trade in services with Australia in that year.

Singapore's total Exports in 2023 were valued at US$475.35 Billion, according to the United Nations COMTRADE database on international trade. Singapore's main export partners were: China, Hong Kong and the United States. The top three export commodities were: Electrical, electronic equipment; Machinery, nuclear reactors, boilers and Mineral fuels, oils, distillation products. Total Imports were valued at US$422.42 Billion. In 2023, Singapore had a trade surplus of US$52.93 Billion.

Singapore SG: Trade Balance: Advanced Economies: China, People Republic: Hong Kong data was reported at 41.579 USD bn in 2017. This records an increase from the previous number of 38.730 USD bn for 2016. Singapore SG: Trade Balance: Advanced Economies: China, People Republic: Hong Kong data is updated yearly, averaging 3.248 USD bn from Dec 1968 (Median) to 2017, with 50 observations. The data reached an all-time high of 43.221 USD bn in 2013 and a record low of -7.500 USD mn in 1969. Singapore SG: Trade Balance: Advanced Economies: China, People Republic: Hong Kong data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Singapore – Table SG.IMF.DOT: Trade Balance: by Country: Annual.

This statistic shows the trade balance of South Korea with Singapore up to 2018, since the Free Trade Agreement came into force in 2006. In 2018, South Korea's trade surplus with Singapore amounted to about **** billion U.S. dollars.

United States Trade Balance: sa: Services: Singapore data was reported at 7.157 USD bn in Dec 2024. This records an increase from the previous number of 6.375 USD bn for Sep 2024. United States Trade Balance: sa: Services: Singapore data is updated quarterly, averaging 1.333 USD bn from Mar 1999 (Median) to Dec 2024, with 104 observations. The data reached an all-time high of 7.391 USD bn in Mar 2024 and a record low of 446.000 USD mn in Mar 2008. United States Trade Balance: sa: Services: Singapore data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.JA004: Trade Balance: BoP Basis: by Country.

Singapore SG: Trade Balance: Other Countries Not Elsewhere Classified: North Korea data was reported at 0.008 USD mn in Dec 2017. This records an increase from the previous number of -0.142 USD mn for Jun 2017. Singapore SG: Trade Balance: Other Countries Not Elsewhere Classified: North Korea data is updated monthly, averaging 2.549 USD mn from Jan 1975 (Median) to Dec 2017, with 490 observations. The data reached an all-time high of 27.459 USD mn in Jun 2008 and a record low of -9.540 USD mn in Dec 1987. Singapore SG: Trade Balance: Other Countries Not Elsewhere Classified: North Korea data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Singapore – Table SG.IMF.DOT: Trade Balance: by Country: Monthly.

Singapore recorded a Current Account surplus of 17.50 percent of the country's Gross Domestic Product in 2024. This dataset provides - Singapore Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, Singapore had a pharmaceutical product trade balance of approximately *** billion U.S. dollars. That year, Singapore was the only country in Southeast Asia with a trade surplus for pharmaceutical products. In contrast, Vietnam had the biggest pharmaceutical trade deficit at nearly *** billion U.S. dollars.

Singapore SG: Trade Balance: Advanced Economies: New Zealand data was reported at 235.411 USD mn in Mar 2018. This records a decrease from the previous number of 279.095 USD mn for Dec 2017. Singapore SG: Trade Balance: Advanced Economies: New Zealand data is updated quarterly, averaging 37.228 USD mn from Mar 1960 (Median) to Mar 2018, with 198 observations. The data reached an all-time high of 511.699 USD mn in Mar 2012 and a record low of -7.270 USD mn in Jun 1987. Singapore SG: Trade Balance: Advanced Economies: New Zealand data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Singapore – Table SG.IMF.DOT: Trade Balance: by Country: Quarterly.

Forecast: Pharmaceutical Industry Trade Balance in Singapore 2022 - 2026 Discover more data with ReportLinker!

Australia Trade Balance: Services: Singapore data was reported at -2,244.000 AUD mn in 2023. This records an increase from the previous number of -4,736.000 AUD mn for 2022. Australia Trade Balance: Services: Singapore data is updated yearly, averaging -620.500 AUD mn from Dec 2000 (Median) to 2023, with 24 observations. The data reached an all-time high of 258.000 AUD mn in 2001 and a record low of -4,736.000 AUD mn in 2022. Australia Trade Balance: Services: Singapore data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.TISP: Trade in Services: Trade Balance: by Country: OECD Member: Annual.

Singapore recorded a Current Account surplus of 28814.10 SGD Million in the fourth quarter of 2024. This dataset provides - Singapore Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

SG: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: American Samoa data was reported at 7.572 USD mn in Mar 2018. This records an increase from the previous number of 5.182 USD mn for Dec 2017. SG: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: American Samoa data is updated quarterly, averaging 14.584 USD mn from Mar 2011 (Median) to Mar 2018, with 29 observations. The data reached an all-time high of 33.810 USD mn in Jun 2011 and a record low of -5.359 USD mn in Jun 2012. SG: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: American Samoa data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Singapore – Table SG.IMF.DOT: Trade Balance: by Country: Quarterly.

Singapore's total Imports in 2023 were valued at US$422.42 Billion, according to the United Nations COMTRADE database on international trade. Singapore's main import partners were: China, the United States and Malaysia. The top three import commodities were: Electrical, electronic equipment; Mineral fuels, oils, distillation products and Machinery, nuclear reactors, boilers. Total Exports were valued at US$475.35 Billion. In 2023, Singapore had a trade surplus of US$52.93 Billion.

Singapore SG: Trade Balance: Emerging and Developing Economies: Western Hemisphere: St. Vincent & The Grenadines data was reported at 5.736 USD mn in Mar 2018. This records a decrease from the previous number of 7.259 USD mn for Dec 2017. Singapore SG: Trade Balance: Emerging and Developing Economies: Western Hemisphere: St. Vincent & The Grenadines data is updated quarterly, averaging 8.501 USD mn from Mar 1989 (Median) to Mar 2018, with 117 observations. The data reached an all-time high of 63.442 USD mn in Sep 2008 and a record low of -4.583 USD mn in Dec 1991. Singapore SG: Trade Balance: Emerging and Developing Economies: Western Hemisphere: St. Vincent & The Grenadines data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Singapore – Table SG.IMF.DOT: Trade Balance: by Country: Quarterly.