Singapore Balance of Trade 1964-2014 | Data | Chart | Calendar | Forecast

Singapore recorded a trade surplus of 6797000 Thousand SGD in August of 2014. Balance of Trade in Singapore averaged 464302.50 Thousand SGD from 1964 until 2014, reaching an all time high of 9600000 Thousand SGD in November of 2003 and a record low of -1985810 Thousand SGD in October of 1993. Balance of Trade in Singapore is reported by the Statistics Singapore.

   
 
 

Singapore Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
4087900.00 5887900.00 9600000.00 -1985810.00 1964 - 2014 Thousand SGD Monthly
Singapore economy relies on purchasing of intermediate goods and exporting of high-value added products. Main exports are: electronic goods (31 percent of total exports), fuel (26 percent) and chemicals (12 percent). Main imports are: fuel (33 percent of total imports), electronic components (25 percent), machinery (16 percent), chemicals (6 percent) and manufactured goods (5 percent). Main trading partners are China (12 percent of total exports and 11 percent imports) and Malaysia (12 percent exports and 11 percent imports). Others include: United States, Indonesia and Japan. This page provides - Singapore Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Singapore Balance of Trade - was last refreshed on Wednesday, September 17, 2014.


Singapore Trade Surplus Hits The Biggest Since October 2013


Singaporean trade surplus increased to SGD 6.79 billion in August of 2014 from 3.92 billion a year earlier and from SGD 4.09 billion in the previous month, as imports fell much faster than exports. The surplus was the biggest since October last year.

In August of 2014, total exports declined 1.2 percent year-on-year to SGD 42.85 billion, following a 1.6 percent contraction in the previous month.

Non-oil domestic exports (NODX) rose 6 percent, in contrast to a 3.3 percent contraction in July, due to a rise in non-electronic NODX which outweighed the decline in electronic NODX. Electronic sales fell 6.9 percent in August of 2014, after a 7.9 percent drop in June, largely due to lower exports of PCs (-17.3 percent), ICs (-4.2 percent) and disc drives (-22.5 percent). Non-electronic sales expanded 12.2 percent in August, in contrast to a 1.1 percent decline in July, led by petrochemicals (+39.3 percent), pharmaceuticals (+26.9 percent) and structures of ships and boats (+1,337.8 percent). Oil exports also grew 2.7 percent in August, after a 0.1 percent increase in the preceding month. Non-oil re-exports (NORX) decreased 5.6 percent in August after a 1.7 percent contraction, due to a decrease in both electronic and non-electronic NORX.

NODX to top ten markets in August of 2014 rose on an annual basis except for Hong Kong, Japan and Thailand. The top three contributors in the month were South Korea (+41.2 percent from a 7.0 percent decrease in July), Taiwan (+21.1 percent from a 14.4 percent expansion) and China (+5.8 percent from 7.0 percent rise). Deliveries to the European Union countries grew 7.0 percent, slowing from a 24.8 percent rise in July and those to the U.S. slowed to 5.1 percent from a 8.6 percent growth in the previous month.

Imports decreased 8.6 percent year-on-year to SGD 36.05 billion, following a 3.5 percent decline in July of 2014.  

International Enterprise Singapore l Rida l rida@tradingeconomics.com
9/17/2014 6:46:16 AM


Recent Releases

Singapore Trade Surplus Widens for Second Straight Month
Singaporean trade surplus increased to SGD 4.09 billion in July of 2014 from SGD 3.33 billion a year earlier. Imports fell at a faster pace than exports, as a decrease in electronics shipments outweighed a tepid rise in oil exports. Published on 2014-08-18

Singapore Trade Surplus Widens in June
Singaporean trade surplus increased to SGD 5.89 billion in June of 2014 from SGD 4.57 billion a year earlier. Total exports rose 3.9 percent on the year boosted by oil sales, while non-oil exports contracted 4.6 percent, as a drop in electronics outweighed a rise in non-electronic. Published on 2014-07-17


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-06-17 06:00 AM Singapore
Balance of Trade
May 2014 SGD 3011.2M SGD 4217.6M SGD 3777.4M
2014-07-17 06:00 AM Singapore
Balance of Trade
Jun 2014 SGD 5890.0 M SGD 3013.6M SGD 3262.3M
2014-08-18 06:00 AM Singapore
Balance of Trade
Jul 2014 SGD 4090.0M SGD 5890.0 M SGD 3948M
2014-09-17 06:00 AM Singapore
Balance of Trade
Aug 2014 SGD 6797M SGD 4090.0M SGD 4390M SGD 4394.9M
2014-10-17 06:00 AM Singapore
Balance of Trade
Sep 2014 SGD 4734.1M


Trade Last Previous Highest Lowest Unit
Balance of Trade 4087900.00 5887900.00 9600000.00 -1985810.00 Thousand SGD [+]
Exports 43679000.00 43517700.00 48997750.00 197677.00 Thousand SGD [+]
Imports 39591100.00 37629800.00 43135700.00 266381.00 Thousand SGD [+]
Current Account 18887.00 16701.70 22141.80 -662.70 SGD Million [+]
Current Account to GDP 18.00 17.00 27.30 -13.10 Percent [+]
External Debt 0.00 0.00 130.60 0.00 SGD Million [+]
Terms of Trade 99.22 99.19 167.24 93.05 Index Points [+]
Tourist Arrivals 1180533.00 1207825.00 1467000.00 147954.00 [+]
Gold Reserves 127.40 127.40 127.40 0.00 Tonnes [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1359.00 Jul/14 -1564.00 2225.00 -3907.00 AUD Million [+]
Brazil 1168.00 Aug/14 1573.96 5659.37 -4058.14 USD Million [+]
Canada 2580.00 Jul/14 1830.00 8524.80 -2902.90 CAD Million [+]
China 498.30 Aug/14 473.01 498.30 -319.71 USD Hundred Million [+]
Euro Area 21200.00 Jul/14 16700.00 21780.80 -16638.00 EUR Million [+]
France -5539.00 Jul/14 -5576.00 2674.00 -7086.00 EUR Million [+]
Germany 23400.00 Jul/14 16600.00 23400.00 -535.91 EUR Million [+]
India -10838.56 Aug/14 -12228.60 258.90 -20210.90 USD Million [+]
Indonesia 130.00 Jul/14 -288.00 4641.92 -2329.13 USD Million [+]
Italy 3236.30 Jun/14 3717.91 6382.90 -6389.30 EUR Million [+]
Japan -963.99 Jul/14 -823.20 1608.67 -2795.04 JPY Billion [+]
Mexico -979.88 Jul/14 423.73 1710.25 -3292.30 USD Million [+]
Netherlands 2724.00 Jul/14 4455.40 4948.70 -907.60 EUR Million [+]
Russia 17068.00 Jul/14 13957.00 20356.00 -185.00 USD Million [+]
South Korea 3400.00 Aug/14 2398.95 6794.27 -4043.45 USD Million [+]
Spain -1477012.00 Jun/14 -1756166.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3983.49 Jul/14 1412.00 3983.49 -1478.68 CHF million [+]
Turkey -6460.00 Jul/14 -7853.06 24.51 -10453.06 USD Million [+]
United Kingdom -3348.00 Jul/14 -2459.00 2946.00 -5269.00 GBP Million [+]
United States -40546.00 Jul/14 -40810.00 1946.00 -67823.00 USD Million [+]





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