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Singapore imports and exports

Singapore imports and exports

Singapore has a successful trademark. The Singaporean market economy is one of the most open economy in the world. The total trade of the country amounts to S$982 billion. The total Singapore imports of the country are around S$464 billion and total exports of the country are around S$519 billion.

Singapore exports especially in electronics, chemicals, and services provided to the main source of revenue for the economy. Singapore has the highest GDP ratio in the world in which the average around 400%. Re-exports for over 40% of total sales to other countries. However, Singapore’s primary export products include Consumer goods, petroleum and garment products, along with various electronic equipment that is used on a daily basis.

Singapore’s the imported goods that arrive in Singapore ranges from crude oil, aircraft, chemicals, steel, iron ore, apparel and petroleum products to electronic home appliance, motor vehicles, heavy industrial equipment, as well as daily consumable products.

The country has a strategic port which is competitive in carrying out the entrepot activities. When considering cargo tonnage, the Singapore port lies at the top three busiest ports in the world.

Singapore main industries

Singapore import factors

Singapore import information

Rates of import in Singapore:

YEAR IMPORTS RATE OF CHANGE
2010 3100,394 18.8%
2011 365,415 8.6%
2012 379,735 3.2%
2013 373,022 -1.6%
2014 366,016 -0.6%

Singapore export factors

Singapore export information

Rates of export in Singapore:

YEAR EXPORTS RATE OF CHANGE
2010 22.4% 351,185
2011 7.5% 409,207
2012 -0.9% 408,362
2013 0.6% 410,286
2014 1.1% 409,536

Singapore economy information

TITLE FIGURES
GDP 307.87 Billion
GDP per capita 38087.89
Economic Growth Rate 1.80%
Total Exports 41609.69 Million
Total Imports 34882.53 Million
Trade Balance 6727.16 Million

Singapore trade agreements

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