Singapore Balance of Trade 1964-2015 | Data | Chart | Calendar | Forecast

Singapore recorded a trade surplus of 5911200 Thousand SGD in April of 2015. Balance of Trade in Singapore averaged 548371.08 Thousand SGD from 1964 until 2015, 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.

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Singapore Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
5911200.00 8635100.00 9600000.00 -1985810.00 1964 - 2015 Thousand SGD Monthly
Singapore economy relies on purchasing of intermediate goods and exporting of high-value added products. Main exports are: machinery and equipment (46 percent of the total exports), fuel (26 percent), and chemicals (13 percent). Main imports are: machinery and equipment (43 percent of the total exports), fuel (32 percent), miscellaneous manufactures (7 percent) and chemical products (7 percent). In recent years, the biggest trade deficits were recorded with China, Malaysia, the United States, Taiwan, Indonesia and the United Kingdom. Singapore records trade surpluses with Bahrain, Myanmar, Hong Kong, Brazil and India. 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 Tuesday, May 26, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-03-17 02:13 AM Feb SGD 5180M SGD 8500M SGD 5593.1M
2015-04-17 03:00 AM Mar SGD 8630M SGD 5180M SGD 5600M SGD 5731.1M
2015-05-18 02:00 AM Apr SGD 5910M SGD 8630M SGD 5755.5M
2015-06-17 06:00 AM May SGD 5910M SGD 5842.4M
2015-07-17 06:00 AM Jun SGD 5887M
2015-08-17 06:00 AM Jul SGD 5842.8M


Singapore Trade Surplus Widens in April


Singaporean trade surplus increased to SGD 5.91 billion in April of 2015 from SGD 4.22 billion a year earlier, as imports fell more than exports. Non-oil exports slowed as electronic shipments decreased while those of non-electronic shipments expanded.

Year on year, total exports declined by 9.3 percent to SGD 41.89 billion, following a 0.7 percent expansion in March.

Non-oil domestic exports (NODX) rose by 2.2 percent in April, significantly slowing from a 18.5 percent growth in the previous month, due to an expansion in non-electronic which outweighed a decline in electronic NODX. Electronic sales fell by 3.8 percent, after a 10.4 percent expansion in the preceding month, largely due to parts of ICs (-75.1 percent), parts of PCs (-18.4 percent) and consumer electronics (-44.0 percent). Non-electronic NODX expanded by 4.7 percent, following  a 21.6 percent increase in the previous month, largely due to a rise in structures of ships & boats (+3,566.7 percent), non-electric engines & motors (+253.2 percent) and pharmaceuticals (+7.5 percent).

Oil exports fell 34.9 percent, following a 22.4 percent contraction a month ago. The year-on-year decline of oil exports was mainly due to lower sales to Malaysia (-59.4 percent), Australia  (-51.3 percent) and Indonesia (-22.0 percent).

Non-oil re-exports (NORX) declined by 1.9 percent in April, following a following a 1.6 percent expansion in the previous month, due to a decrease in both electronic and non-electronic NORX. Electronic NORXdecreased by 2.1 percent following a 0.9 percent contraction in the preceding month, due to ICs (-3.4 percent), parts of ICs (-53.3 percent) and parts of PCs (-11.2 percent). Non-electronic NORX contracted by 1.6 percent in April, as compared to a 4.2 percent rise in the previous month, largely due to a contraction in piston engines (-54.0 percent), petrochemicals (-25.2 percent) and precious stones & pearls (-35.0 percent).

NODX to top ten markets in April increased on an annual basis except for Taiwan, the US, China, Malaysia, Indonesia, Hong Kong, Thailand  and Japan. The top three contributors to the growth were South Korea the EU countries. NODX to South Korea expanded by 30.6 percent, following a 20.5 percent growth in the previous month, led by ICs (+36.6 percent), civil engineering equipment parts (+630.4 percent) and specialised machinery (+16.6 percent). NODX to the EU countries rose by 11.4 percent, following a  56.2 percent increase in March, due to pharmaceuticals (+29.6 percent), PCs (+94.0 percent) and non-electric engines & motors (+255.4 percent). NODX to emerging markets increased by 22.9 percent in April, following a 69.0 percent rise in the previous month, mainly due to Caribbean (+194.6 percent), the Middle East (+50.2 percent) and CLMV (+16.6 per cent).

NORX to top ten markets declined except to China and Thailand. The top three contributors to the contraction in April were Japan (-22.4 percent), Malaysia (-10.5 percent) and Taiwan (-15.5 percent).

Imports decreased by 14.2 percent to SGD 35.98 billion in April, following a 14.8 percent fall in the previous month.

In March, Singapore posted a  SGD 8.63 billion surplus.

Singstat l Rida Husna l rida@tradingeconomics.com
5/18/2015 3:59:43 AM


Recent Releases

Singapore Trade Surplus Increases in March
Singaporean trade surplus significantly widened to SGD 8.63 billion in March of 2015 from SGD 2.27 billion a year earlier, as imports fell at a slower pace while exports unexpectedly increased. Non-oil exports rebounded as both electronic and non-electronic shipments expanded. Published on 2015-04-17

Singapore Trade Surplus Widens in February
Singaporean trade surplus increased to SGD 5.18 billion in February of 2015 from SGD 4.28 billion a year earlier, as exports fell at a slower pace than imports. Yet, non-oil exports declined more than expected as both electronic and non-electronic shipments contracted. Published on 2015-03-17


Singapore Trade Last Previous Highest Lowest Unit
Balance of Trade 5911200.00 8635100.00 9600000.00 -1985810.00 Thousand SGD [+]
Exports 41893400.00 44905300.00 48997750.00 197677.00 Thousand SGD [+]
Imports 35982200.00 36270200.00 43135700.00 266381.00 Thousand SGD [+]
Current Account 19151.40 21862.00 22141.80 -662.70 SGD Million [+]
Current Account to GDP 19.00 18.00 27.30 -13.10 percent [+]
External Debt 0.00 0.00 130.60 0.00 SGD Million [+]
Terms of Trade 106.75 106.39 178.53 99.02 Index Points [+]
Tourist Arrivals 1188415.00 1252518.00 1467000.00 147954.00 [+]
Gold Reserves 127.40 127.40 127.40 0.00 Tonnes [+]
Capital Flows -17525.00 -19289.30 5774.70 -19289.30 SGD Million [+]
Foreign Direct Investment 24489.00 18347.70 24489.00 -4441.60 SGD Million [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1322.00 Mar/15 -1609.00 2254.00 -3877.00 AUD Million [+]
Brazil 491.00 Apr/15 458.00 5659.37 -4058.14 USD Million [+]
Canada -3019.00 Mar/15 -2215.00 8524.80 -3019.00 CAD Million [+]
China 341.34 Apr/15 30.81 606.19 -319.71 USD Hundred Million [+]
Euro Area 23372.90 Mar/15 20300.00 24009.80 -16638.00 EUR Million [+]
France -4575.00 Mar/15 -3623.00 2674.00 -7086.00 EUR Million [+]
Germany 23000.00 Mar/15 19515.32 23500.00 -535.91 EUR Million [+]
India -10990.00 Apr/15 -11790.00 258.90 -20210.90 USD Million [+]
Indonesia 454.40 Apr/15 1025.60 4641.92 -2329.13 USD Million [+]
Italy 4060.39 Mar/15 3537.91 6923.00 -6389.30 EUR Million [+]
Japan -53.44 Apr/15 227.43 1608.67 -2795.04 JPY Billion [+]
Mexico -85.30 Apr/15 479.80 1710.25 -3292.30 USD Million [+]
Netherlands 5401.00 Mar/15 6329.20 6329.20 -907.60 EUR Million [+]
Russia 14981.00 Mar/15 13597.00 20356.00 -185.00 USD Million [+]
South Korea 8488.00 Apr/15 8380.51 8488.00 -4043.45 USD Million [+]
Spain -890600.00 Mar/15 -2037200.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 2525.00 Mar/15 2316.16 3894.91 -1478.68 CHF million [+]
Turkey -6153.67 Mar/15 -4655.64 24.51 -10453.06 USD Million [+]
United Kingdom -2817.00 Mar/15 -3318.00 2946.00 -5397.00 GBP Million [+]
United States -51367.00 Mar/15 -35892.00 1946.00 -67823.00 USD Million [+]