Singapore recorded a trade surplus of 4609.61 Million SGD in June of 2021. source: Statistics Singapore

Balance of Trade in Singapore averaged 1043.27 Million SGD from 1964 until 2021, reaching an all time high of 7973.33 Million SGD in March of 2015 and a record low of -1999.81 Million SGD in October of 1993. 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 - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.

Balance of Trade in Singapore is expected to be 7500.00 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 10000.00 in 12 months time. In the long-term, the Singapore Balance of Trade is projected to trend around 3400.00 Million SGD in 2022, according to our econometric models.

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Singapore Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
4609.61 6908.05 7973.33 -1999.81 1964 - 2021 Million SGD Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-04-16 01:00 AM Mar $5.61B $6.21B $ 1.3B
2021-05-17 03:00 AM Apr $5.412B $5.61B $5.1B
2021-06-17 01:30 AM May $5.754B $5.412B $5.8B
2021-07-16 01:00 AM Jun $4.609B $6.908B $ 9.3B
2021-08-17 12:30 AM Jul $4.609B
2021-09-17 12:30 AM Aug
2021-10-18 12:30 AM Sep $ 7.5B
2021-11-17 12:30 AM Oct

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.