Singapore Imports

Singapore Imports

From 2017 the country imported $293 billion which made the country 16th 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%
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