Singapore recorded a trade surplus of 2831.10 Million SGD in July of 2019. Balance of Trade in Singapore averaged 908.45 Million SGD from 1964 until 2019, reaching an all time high of 8077.24 Million SGD in March of 2015 and a record low of -1999.81 Million SGD in October of 1993.

Balance of Trade in Singapore is expected to be 3300.00 Million SGD by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Singapore to stand at 2000.00 in 12 months time. In the long-term, the Singapore Balance of Trade is projected to trend around 7300.00 Million SGD in 2020, according to our econometric models.

Singapore Balance of Trade
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-17 01:00 AM Balance of Trade Apr $2.78B $3.62B $4.5B
2019-06-17 12:30 AM Balance of Trade May $3.96B $2.75B $4.1B
2019-07-17 12:30 AM Balance of Trade Jun $2.45B $3.91B $3.7B
2019-08-16 12:30 AM Balance of Trade Jul $2.83B $2.45B $2.5B
2019-09-17 12:30 AM Balance of Trade Aug $2.83B $4.2B
2019-10-17 12:30 AM Balance of Trade Sep $ 2.3B
2019-11-18 12:30 AM Balance of Trade Oct $4.4B


Singapore Trade Last Previous Highest Lowest Unit
Balance of Trade 2831.10 2447.29 8077.24 -1999.81 Million SGD [+]
Current Account 21497.50 21617.80 24780.60 -659.20 SGD Million [+]
Current Account to GDP 17.70 16.00 26.10 -13.10 percent [+]
Imports 40177.30 41233.25 44689.59 266.38 Million SGD [+]
Exports 43008.40 43680.54 48730.89 197.68 Million SGD [+]
External Debt 2043894.40 2045992.30 2065093.00 854184.00 SGD Million [+]
Terms of Trade 98.70 98.60 178.53 98.60 Index Points [+]
Capital Flows 53513.20 9376.80 53513.20 -5008.50 SGD Million [+]
Tourist Arrivals 1551025.00 1484127.00 1732871.00 147954.00 [+]
Gold Reserves 127.40 127.40 127.40 0.00 Tonnes [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Foreign Direct Investment 33093.60 26249.30 39332.80 -4441.60 SGD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Singapore Balance of Trade

Singapore economy relies on purchasing of intermediate goods and exporting of high-value added products. Main exports are: machinery and equipment (43 percent of the total exports); petroleum (19 percent) and chemicals (13 percent). Main imports are: machinery and equipment (39 percent of the total imports); petroleum (33 percent); chemical products (7 percent) and miscellaneous manufactured articles (7 percent). In 2017, the biggest trade deficits were recorded with China, Hong Kong, Malaysia, Indonesia and the United States. Singapore did not record surpluses with any country. This page provides the latest reported value for - Singapore Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Singapore Balance of Trade - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2831.10 2447.29 8077.24 -1999.81 1964 - 2019 Million SGD Monthly
SA




Country Last Previous
Argentina 1061.00 Jun/19
Australia 8036.00 Jun/19
Brazil 2290.00 Jul/19
Canada 135.80 Jun/19
China 450.50 Jul/19
Euro Area 20611.70 Jun/19
France -5187.00 Jun/19
Germany 16821.00 Jun/19
India -13430.00 Jul/19
Indonesia -60.00 Jul/19
Italy 5728.50 Jun/19
Japan 589.46 Jun/19
Mexico 2561.00 Jun/19
Netherlands 5158.00 Jun/19
Russia 12508.00 Jun/19
Saudi Arabia 131636.00 Mar/19
Singapore 2831.10 Jul/19
South Africa 4419.50 Jun/19
South Korea 2441.00 Jul/19
Spain -2110200.00 May/19
Switzerland 3251.00 Jun/19
Turkey -3177.27 Jun/19
United Kingdom 1779.00 Jun/19
United States -55154.00 Jun/19


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