Singapore recorded a trade surplus of 4071.12 Million SGD in October of 2022. source: Statistics Singapore

Balance of Trade in Singapore averaged 1130.82 Million SGD from 1964 until 2022, reaching an all time high of 8292.61 Million SGD in February of 2022 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 November of 2022.

Balance of Trade in Singapore is expected to be 7900.00 Million SGD by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Balance of Trade is projected to trend around 11800.00 Million SGD in 2023 and 11300.00 Million SGD in 2024, according to our econometric models.

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Singapore Balance of Trade

Calendar GMT Actual Previous Consensus TEForecast
2022-10-17 01:00 AM Sep $5.750B $3.738B $3.5B
2022-11-17 02:00 AM Oct $4.071B $5.783B $4.5B
2022-12-16 12:30 AM Nov $4.071B $3.8B

Related Last Previous Unit Reference
Balance of Trade 4071.12 5783.21 Million SGD Oct 2022
Current Account 30378.20 27873.90 SGD Million Sep 2022
Current Account to GDP 18.10 16.80 percent of GDP Dec 2021
Imports 53260.78 55354.29 Million SGD Oct 2022
Exports 57331.90 61137.50 Million SGD Oct 2022
External Debt 2470312.70 2441891.50 SGD Million Jun 2022
Terms of Trade 100.95 101.05 points Oct 2022
Capital Flows 56948.90 101647.30 SGD Million Sep 2022
Foreign Direct Investment 33438.00 37083.90 SGD Million Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
4071.12 5783.21 8292.61 -1999.81 1964 - 2022 Million SGD Monthly