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

Singapore recorded a trade surplus of 5572000 Thousand SGD in September of 2014. Balance of Trade in Singapore averaged 483118.94 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
5572000.00 6797000.00 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: 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 Saturday, November 1, 2014.


Singapore Trade Surplus Widens in September


Singaporean trade surplus increased to SGD 5.58 billion in September of 2014 from SGD 4.53 billion a year earlier, but lower than SGD 6.79 billion in the previous month, as imports extended to fall much faster than exports.

Year-on-year, total exports in September of 2014 declined 1.6 percent to SGD 44.32 billion, following a 1.2 percent contraction in the previous month.

Non-oil domestic exports (NODX) rose 0.9 percent, following a 6.0 percent increase in August, due to a rise in non-electronic NODX which outweighed the decline in electronic NODX. Electronic sales fell 4.0 percent, after a 6.9 percent drop in the preceding month, largely due to lower exports of PCs (-25.1 percent), ICs (-5.5 percent) and disc drives (-11.7 percent). Non-electronic sales expanded by 3.0 percent in September, following a 12.1 percent increase in August, led by petrochemicals (+16.5 percent), specialised machinery (+32.9 percent) and primary chemicals (+24.1 percent). Oil exports fell  12.0 percent in September, after a 2.7 percent increase in the preceding month. Non-oil re-exports (NORX) increased 4.2 percent in September after a 5.6 percent contraction in the previous month, due to a rise in  non-electronic NORX which outweighed the decline in electronic NORX.

NODX to top ten markets in September of 2014 rose on an annual basis except for Hong Kong, Japan and the EU countries. The top three contributors in the month were China (+14.7 percent from a 5.8 percent increase in August), led by specialised machinery (+142.7 percent), heating & cooling equipment (+998.7 percent) and petrochemicals (+11.0 percent). NODX to Taiwan increased by 25.6 percent after a 21.2 percent expansion in August, largely due to ICs (+28.8 percent), parts of ICs (+119.8 percent) and specialised machinery (+57.3 percent). NODX to Malaysia grew by 11.6 percent following a 7.0 percent rise a month ago, due to diodes & transistors (+267.7 percent), electrical machinery (+100.7 percent) and parts of ICs (+80.2 percent). Deliveries to the European Union countries declined 3.6 percent, following a 7.0 percent rise in August and those to the U.S. slowed to 1.1 percent from a 5.1 percent growth in the previous month. 

Imports decreased 5.1 percent year-on-year to SGD 38.74 billion, following a 8.7 percent decline in August of 2014.  

International Enterprise Singapore l Rida l rida@tradingeconomics.com
10/17/2014 6:01:46 AM


Recent Releases

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. Published on 2014-09-17

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


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 5580M SGD 6797M SGD 5500M SGD 5499.9M
2014-11-17 06:00 AM Singapore
Balance of Trade
Oct 2014 SGD 5580M SGD 5261.4M


Singapore Trade Last Previous Highest Lowest Unit
Balance of Trade 5572000.00 6797000.00 9600000.00 -1985810.00 Thousand SGD [+]
Exports 44316500.00 42850000.00 48997750.00 197677.00 Thousand SGD [+]
Imports 38744500.00 36050000.00 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 100.61 99.88 167.24 93.05 Index Points [+]
Tourist Arrivals 1360674.00 1407078.00 1467000.00 147954.00 [+]
Gold Reserves 127.40 127.40 127.40 0.00 Tonnes [+]