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Singapore's trade data provides key insights into the country's import and export activities. It includes information on trade volumes, values, major trading partners, and the types of goods traded. This data helps understand Singapore's role as a global trading hub, its economic performance, and market trends. Businesses, analysts, and policymakers use this information to identify opportunities, assess economic health, and make informed decisions related to trade and economic strategy.
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2. Market Opportunity Identification
3. Competitor Analysis
4. Supply Chain Efficiency
5. Regulatory Compliance
6. Economic Monitoring
Singapore’s top 10 trading partners based on export sales in 2023:
China: $65.5 billion (13.8% of total Singaporean exports)
Hong Kong: $50.4 billion (10.6%)
United States: $44.9 billion (9.5%)
Malaysia: $44.5 billion (9.4%)
Indonesia: $35.4 billion (7.4%)
South Korea: $20.7 billion (4.3%)
Taiwan: $20.5 billion (4.3%)
Japan: $19.3 billion (4.1%)
Thailand: $19.1 billion (4%)
Vietnam: $16.7 billion (3.5%)
Singapore’s top 10 trade industries:
Electrical machinery and equipment
Machinery including computers
Mineral fuels including oil
Optical, technical, and medical apparatus
Gems and precious metals
Organic chemicals
Plastics and plastic articles
Pharmaceuticals
Perfumes and cosmetics
Other chemical goods
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