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:

COUNTRIES	AMOUNT
China	$42.6 billion
Malaysia	$35.7 billion
Other Asia	$25.4 billion
United States	$24.3 billion
South Korea	$18.2 billion

Singapore top import commodity:

COMMODITY	AMOUNT
Refined Petroleum	$31.5 billion
Crude Petroleum	$15.5 billion
Gold	$2.22 billion
Diamonds	$1.73 billion
Refined Copper	$1.07 billion
Integrated Circuits	$36.4 billion
Computers	$6.24 billion
Semiconductor Devices	$4.58 billion
Broadcasting Equipment	$4.77 billion
Office Machine Parts	$4.1 billion

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:

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%