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 recorded a trade surplus of 9708 SGD Million in June 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.

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.

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.

United States US: Trade Balance: Advanced Economies: Singapore data was reported at 10.356 USD bn in 2017. This records an increase from the previous number of 9.068 USD bn for 2016. United States US: Trade Balance: Advanced Economies: Singapore data is updated yearly, averaging 162.500 USD mn from Dec 1958 (Median) to 2017, with 58 observations. The data reached an all-time high of 13.811 USD bn in 2014 and a record low of -3.963 USD bn in 1996. United States US: Trade Balance: Advanced Economies: Singapore data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.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.

Singapore Exports to United States was US$44.92 Billion during 2023, according to the United Nations COMTRADE database on international trade. Singapore Exports to United States - data, historical chart and statistics - was last updated on July of 2025.

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.

The statistic shows the trade balance of goods (exports minus imports of goods) in the ASEAN countries in Asia from 2013 to 2023. A positive value means a trade surplus, a negative trade balance means a trade deficit. The ASEAN (Association of Southeast Asian Nations) countries are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. In 2023, the trade surplus of goods in Brunei amounted to about **** billion U.S. dollars.

This statistic shows the trade balance of goods of Saudi Arabia from 2013 to 2023. In 2023, Saudi Arabia's trade balance surplus amounted to approximately ****** billion years. Saudi Arabia's economic state Saudi Arabia’s positive trade balance dropped during the economic crisis, recovered thereafter, but has faltered somewhat in the past couple of years. This is likely due to a loss in export income associated with falling crude oil prices in the region. This has affected the economy and is expected to increase the country’s national debt. As a major oil producer and exporter, on the one hand Saudi Arabia needs to maintain international relations related to the export of its most precious resource, and on the other hand it needs to preserve stability in the region. For the most part, the country has been able to do so. Due to large oil reserves throughout the region, Saudi Arabia’s most important export partners include China, the United States, Japan, South Korea, India and Singapore. As one of the main oil producers worldwide and ranked among the countries with the largest GDP, Saudi Arabia remains one of the key players in the Muslim and Arab world. It is also home to the birthplace of the Muslim Prophet Mohammed, giving the country a special significance. However, as tension rise with Iran, an uneasy relationship based in religion, politics and history, preserving stability in the region and international relations may become a challenge.

United States Trade Balance: Singapore data was reported at 112.100 USD mn in Sep 2018. This records a decrease from the previous number of 560.100 USD mn for Aug 2018. United States Trade Balance: Singapore data is updated monthly, averaging 82.000 USD mn from Jan 1985 (Median) to Sep 2018, with 405 observations. The data reached an all-time high of 1.580 USD bn in Jan 2014 and a record low of -554.900 USD mn in Sep 1996. United States Trade Balance: Singapore data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s United States – Table US.JA010: Trade Statistics: Census Basis: By Country: Trade Balance.

United States Trade Balance: Singapore: sa data was reported at 907.000 USD mn in May 2018. This records an increase from the previous number of 738.000 USD mn for Apr 2018. United States Trade Balance: Singapore: sa data is updated monthly, averaging 931.000 USD mn from Jan 2013 (Median) to May 2018, with 65 observations. The data reached an all-time high of 1.617 USD bn in Jan 2014 and a record low of 194.000 USD mn in Mar 2016. United States Trade Balance: Singapore: sa data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA010: Trade Statistics: Census Basis: By Country: Trade Balance.

In 2023, the trade balance for appliances used in medical and surgical sciences in Singapore amounted to around *** million U.S. dollars. This was a decrease in trade balance for the second year in a row.

Singapore SG: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: American Samoa data was reported at -0.098 USD mn in May 2018. This records a decrease from the previous number of -0.082 USD mn for Apr 2018. Singapore SG: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: American Samoa data is updated monthly, averaging 4.564 USD mn from Jan 2011 (Median) to May 2018, with 86 observations. The data reached an all-time high of 14.071 USD mn in Apr 2011 and a record low of -23.688 USD mn in May 2012. Singapore 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: Monthly.

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.

United States US: Trade Balance: Advanced Economies: Singapore data was reported at 776.792 USD mn in May 2018. This records an increase from the previous number of 593.588 USD mn for Apr 2018. United States US: Trade Balance: Advanced Economies: Singapore data is updated monthly, averaging 12.000 USD mn from Feb 1960 (Median) to May 2018, with 674 observations. The data reached an all-time high of 1.656 USD bn in Dec 2006 and a record low of -581.600 USD mn in Sep 1996. United States US: Trade Balance: Advanced Economies: Singapore data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.DOT: Trade Balance: by Country: Monthly.

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.

United States US: Trade Balance: Advanced Economies: Singapore data was reported at 1.957 USD bn in Mar 2018. This records a decrease from the previous number of 2.783 USD bn for Dec 2017. United States US: Trade Balance: Advanced Economies: Singapore data is updated quarterly, averaging 37.000 USD mn from Mar 1960 (Median) to Mar 2018, with 225 observations. The data reached an all-time high of 4.192 USD bn in Mar 2014 and a record low of -1.258 USD bn in Sep 1996. United States US: Trade Balance: Advanced Economies: Singapore data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.DOT: Trade Balance: by Country: Quarterly.