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.