Singapore Imports

From 2017 the country imported $293 billion which made the country 16^th largest importer in the world. During the last 5 years, the imports in Singapore have decreased at an annualized rate of -1.5% from $314 billion in 2012 to $293 billion in 2017. The recent imports are led to Integrated Circuits which represent 19.7% of the total imports of Singapore which is followed by refined petroleum which accounted for 12%.

Singapore top import destinations:

Singapore top import commodity:

You may read this important article on Singapore Economy

Import factors in Singapore:

• Imports US$282.9 billion (2016)
• Import goods
• Machinery and Equipment
• Mineral fuels
• Chemicals
• Foodstuffs
• Consumer Goods
• Main import partners
• China 14%
• European Union 14%
• Malaysia 11%
• Unites States 11%
• Taiwan 8%
• Other 42%

Import information in Singapore:

• The total value of imports is around US$ 310.4 billion
• Primary import commodities are as follows and business for sale in Singapore;
• Machinery and equipment
• Mineral and fuels
• Chemicals
• Foods
• Consumer goods
• Refined petroleum
• Crude petroleum
• Integrated circuits
• Computers
• Petroleum gas
• Consumer import partners are as follows;
• Unites States 14.7%
• Malaysia         11.6%
• China               10.5%
• Japan                7.6%
• Indonesia         5.8%
• South Korea     5.7%

Rates of import in Singapore: