Singapore Balance of Trade

Singapore recorded a trade surplus of 3.29 SGD billion in January of 2017, compared to a 5.80 SGD billion surplus a year earlier. It was the smallest trade surplus since October 2014, as total exports increased by 11.1 percent (following a 9.2 percent rise in December) while total imports surge 21.0 percent (compared to a 13.2 percent growth in the preceding month). Total trade rose 15.6 percent, after a 11.0 percent increase in a month earlier. In December 2016, trade surplus came in at 6.12 SGD billion. Balance of Trade in Singapore averaged 735.28 Million SGD from 1964 until 2017, reaching an all time high of 8113.78 Million SGD in December of 2011 and a record low of -1985.81 Million SGD in October of 1993.

Singapore Balance of Trade

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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-16 12:30 AM Nov $4.6B $5.2B
2017-01-17 12:45 AM Dec $6.1B $4.6B $ 3.5B
2017-02-17 01:00 AM Jan $3.3B $6.1B $6.3B
2017-03-17 12:30 AM Feb $3.3B $3.3B
2017-04-17 12:30 AM Mar $ 4.1B
2017-05-17 12:30 AM Apr $6B

Singapore economy relies on purchasing of intermediate goods and exporting of high-value added products. Main exports are: machinery and equipment (46 percent of the total exports), fuel (26 percent), and chemicals (13 percent). Main imports are: machinery and equipment (43 percent of the total exports), fuel (32 percent), miscellaneous manufactures (7 percent) and chemical products (7 percent). In recent years, the biggest trade deficits were recorded with China, Malaysia, the United States, Taiwan, Indonesia and the United Kingdom. Singapore records trade surpluses with Bahrain, Myanmar, Hong Kong, Brazil and India. 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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3287.30 6120.70 8113.78 -1985.81 1964 – 2017 Million SGD Monthly

SA

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Malaysia 8720.00 Dec/16
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Mexico 28.00 Dec/16
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