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

Singapore recorded a trade surplus of 4087900 Thousand SGD in July 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.

   
 
 
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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, August 27, 2014.


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.

Total exports declined by 1.6 percent year-on-year to SGD 43.68 billion in July of 2014. Non-oil domestic exports contracted 3.3 percent following a 4.6 percent decrease in the previous month, due to a fall in electronics and non-electronics shipments. Electronic sales fell 7.9 percent in July, after a 17.4 percent drop in June, largely due to lower exports of ICs (-5.1 percent) and disc media products (-18.5 percent). Non-electronic sales fell 1.1 percent, after falling by 1.3 percent in the previous period, driven by lower sales of structures of ships and boats (-40.7 percent), aircrafts parts (-48.0 percent) and civil engineering equipment parts (-25.4 percent). In contrast, oil exports grew 0.1 percent in July after a 9.3 percent increase in June, and re-exports decreased 1.7 percent following a 7.5 percent expansion in the preceding month.

Non-oil sales to top 10 markets dropped on an annual basis except for the European Union countries, China, Taiwan and the US.

Imports decreased by 3.5 percent year-on-year to SGD 39.59 billion.
 

International Enterprise Singapore l Rida l rida@tradingeconomics.com
8/18/2014 12:37:15 PM


Recent Releases

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

Singapore Trade Surplus Narrows on Falling Exports
Singaporean trade surplus decreased sharply to SGD 3 billion in May of 2014 from SGD 4.2 billion in the previous month and SGD 4.4 billion a year earlier, hurt by lower sales of electronics and pharmaceuticals. Published on 2014-06-17


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-16 06:00 AM Singapore
Balance of Trade
Apr 2014 SGD 4217.6M SGD 2263.8M SGD 3742.5M
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 4090.0M SGD 4394.9M


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 1207825.00 1244597.00 1467000.00 147954.00 [+]
Gold Reserves 127.40 127.40 127.40 0.00 Tonnes [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1683.00 Jun/14 -2043.00 2225.00 -3907.00 AUD Million [+]
Brazil 1575.00 Jul/14 2364.45 5659.37 -4058.14 USD Million [+]
Canada 1859.60 Jun/14 576.00 8524.80 -2902.90 CAD Million [+]
China 473.00 Jul/14 315.65 473.00 -319.71 USD Hundred Million [+]
Euro Area 16800.00 Jun/14 15400.00 21780.80 -16638.00 EUR Million [+]
France -5380.00 Jun/14 -5129.00 2674.00 -7004.00 EUR Million [+]
Germany 16406.00 Jun/14 17800.00 21410.60 -535.91 EUR Million [+]
India -12228.60 Jul/14 -11763.20 258.90 -20210.90 USD Million [+]
Indonesia -305.10 Jun/14 69.90 4641.92 -2329.13 USD Million [+]
Italy 3675.63 May/14 3517.00 6382.91 -6389.31 EUR Million [+]
Japan -963.99 Jul/14 -823.20 1608.67 -2795.04 JPY Billion [+]
Mexico 423.73 Jun/14 131.81 1710.25 -3292.30 USD Million [+]
Netherlands 4773.00 Jun/14 3337.10 4948.70 -907.60 EUR Million [+]
Russia 13957.00 Jun/14 18280.00 20356.00 -185.00 USD Million [+]
South Korea 2399.00 Jul/14 5453.83 6794.27 -4043.45 USD Million [+]
Spain -1477000.00 Jun/14 -1756166.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3983.49 Jul/14 1412.00 3983.49 -1478.68 CHF million [+]
Turkey -7853.06 Jun/14 -7146.21 24.51 -10453.06 USD Million [+]
United Kingdom -2459.00 Jun/14 -2364.00 2946.00 -5269.00 GBP Million [+]
United States -41538.00 Jun/14 -44392.00 1946.00 -67823.00 USD Million [+]





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