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

Singapore recorded a trade surplus of 4930000 Thousand SGD in June of 2015. Balance of Trade in Singapore averaged 565232.11 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.

  
Singapore Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
4930000.00 6570000.00 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 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. Content for - Singapore Balance of Trade - was last refreshed on Monday, August 3, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-18 02:00 AM Apr SGD 5910M SGD 8630M SGD 5755.5M
2015-06-17 06:00 AM May SGD 6608M SGD 5874M (R) SGD 7262M
2015-07-16 02:30 AM Jun SGD4930M SGD6570M (R) SGD 7276.4M
2015-08-17 01:30 AM Jul SGD4930M SGD 7375.2M
2015-09-17 06:00 AM Aug SGD 7873.8M
2015-10-16 06:00 AM Sep SGD 8263.8M


Singapore Trade Surplus Narrows in June


Singaporean trade surplus decreased to SGD4.93 billion in June of 2015 from a SGD5.88 billion a year earlier, as exports fell more than imports. Yet, non-oil exports rebounded as both electronic and non-electronic shipments expanded.

Year-on-year, total exports decreased by 5.8 percent to SGD41.01 billion, following a 10.1 percent contraction in the previous month.

Non-oil Domestic Exports (NODX) unexpectedly rose 4.7 percent in June 2015, reversing from a 0.3 percent drop in the previous month, due to an expansion in both electronic and non-electronic NODX. Electronic NODX grew by 7.6 percent, in contrast to a 2.5 percent decline in the previous month, largely due to PCs (+69.6 percent), ICs (+10.8 percent) and telecommunication equipment (+79.3 percent). Non-electronic NODX expanded by 3.6 percent in June, following a 0.6 percent increase in the preceding month, mainly due to electrical machinery (+75.0 percent), printed matter (+35.8 percent) and non-electric engines & motors (+281.8 percent).

NODX to all of the top ten NODX markets increased, except to Indonesia, Malaysia and Taiwan. The top three contributors to the rise were the US (+32.2 percent), China (+12.2 percent) and Thailand (+23.6 percent). Meanwhile NODX to emerging markets contracted by 6.6 percent, mainly to the Carribean (-33.1 percent), Latin America (-10.7 percent) and the Middle East (-9.2 percent).

Oil exports decreased by 25.3 percent, following the preceding month’s 33.3 percent contraction, mainly due to lower sales to Malaysia (-38.5 percent), Australia (-64.4 percent) and Panama (-33.6 percent). In volume terms, oil domestic exports increased by 10.6 percent, compared to a 3.1 percent contraction in the preceding month.

Non-oil re-exports (NORX) increased by 1.9 percent, after the 2.8 percent contraction in the previous month, due to an expansion in both electronic and non-electronic NORX. 

NORX to all of the top ten NORX markets increased in June except Malaysia, Hong Kong, Japan, Indonesia and South Korea. The top three contributors to the NORX rise were China (+9.2 percent), Taiwan (+30.7 percent) and the US (+6.4 percent).

Imports decreased by 4.1 percent to SGD36.08 billion in June, following a 19.6 percent drop in the preceding month.

In May, Singapore posted a revised SGD6.57 billion surplus.

Singstat l Rida Husna l rida@tradingeconomics.com
7/16/2015 3:26:28 AM


Recent Releases

Singapore Trade Surplus Widens in May
Singaporean trade surplus increased to SGD 6.61 billion in May of 2015 from a SGD 3.01 billion a year earlier, as exports were down 10 percent and imports declined at a faster 19.6 percent.
Published on 2015-06-17

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.
Published on 2015-05-18

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 4930000.00 6570000.00 9600000.00 -1985810.00 Thousand SGD [+]
Exports 41010900.00 39222400.00 48997750.00 197677.00 Thousand SGD [+]
Imports 36081800.00 32646700.00 43135700.00 266381.00 Thousand SGD [+]
Current Account 26862.80 19151.40 26862.80 -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 104.91 104.67 178.53 99.02 Index Points [+]
Tourist Arrivals 1221564.00 1207902.00 1467000.00 147954.00 [+]
Gold Reserves 127.40 127.40 127.40 0.00 Tonnes [+]
Capital Flows -29782.60 -17525.00 5774.70 -29782.60 SGD Million [+]
Foreign Direct Investment 22894.90 24489.00 24489.00 -4441.60 SGD Million [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2751.00 May/15 -4136.00 2254.00 -4136.00 AUD Million [+]
Brazil 4527.00 Jun/15 2761.00 5659.37 -4058.14 USD Million [+]
Canada -3339.60 May/15 -2992.00 8524.80 -3853.00 CAD Million [+]
China 465.36 Jun/15 588.67 606.19 -319.71 USD Hundred Million [+]
Euro Area 18800.00 May/15 24941.50 24941.50 -16748.10 EUR Million [+]
France -4020.00 May/15 -3310.00 2674.00 -7086.00 EUR Million [+]
Germany 19600.00 May/15 21900.00 23468.80 -535.91 EUR Million [+]
India -10830.00 Jun/15 -10406.20 258.90 -20210.90 USD Million [+]
Indonesia 477.00 Jun/15 1076.60 4641.92 -2329.13 USD Million [+]
Italy 4184.00 May/15 3728.00 6923.00 -6389.30 EUR Million [+]
Japan -69.00 Jun/15 -217.18 1608.67 -2795.04 JPY Billion [+]
Mexico -749.00 Jun/15 -1017.00 1710.25 -3292.30 USD Million [+]
Netherlands 3191.00 May/15 5434.70 6211.40 -907.60 EUR Million [+]
Russia 13700.00 Jun/15 15309.00 20356.00 -185.00 USD Million [+]
South Korea 7760.00 Jul/15 9980.00 9980.00 -4043.45 USD Million [+]
Spain -1657308.00 May/15 -2253100.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3578.49 Jun/15 3408.61 3894.91 -1478.68 CHF million [+]
Turkey -6205.89 Jun/15 -6753.00 24.51 -10453.06 USD Million [+]
United Kingdom -393.00 May/15 -1834.00 2946.00 -5397.00 GBP Million [+]
United States -41871.00 May/15 -40698.00 1946.00 -67823.00 USD Million [+]