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:
Import information in Singapore:
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% |