Does Singapore import or export more?
It is also currently ranked as the 17th largest export economy in the world. The country has annual product exports of $323 billion and imports of $323 billion, giving it a neutral trade balance. The GDP of Singapore is $364 billion and its GDP per capita is $64,582.
How much does Singapore import from other countries?
Top 10 Import Countries
How much does Singapore import and export?
Overall Exports and Imports for Singapore 2019
The total value of exports (FOB) is US$ 390,332 million. The total value of imports (CIF) is US$ 358,975 million. At the HS6 digit level, 4,257 products are exported to 220 countries and 4,307 products are imported from 221 countries.
Does Singapore rely on exports?
The Singaporean economy depends heavily on exports and refining imported goods, especially in manufacturing. … Major export partners of Singapore are Malaysia (12.2 percent), Hong Kong (11 percent), Indonesia (10.4 percent), China (10.4 percent), the US (5.5 percent), and Japan (4.5 percent).
What country does Singapore import from?
Singapore trade balance, exports and imports by country
In 2019, Singapore major trading partner countries for exports were China, Hong Kong, China, Malaysia, United States and Indonesia and for imports they were China, United States, Malaysia, Other Asia, nes and Japan.
What is Singapore’s biggest import?
The biggest import product, with 43 percent share, is machinery and equipment (with electronics accounting for 60 percent). The country also imports: crude oil (32 percent), miscellaneous manufactures (7 percent) and chemical products (7 percent).
What products is Singapore known for?
10 Best Things to Buy in Singapore – The Ultimate List of Souvenirs
- Miniature Merlion Souvenirs. The Merlion is considered a symbol of Singapore (Source) …
- Orchid Perfumes. …
- Asian Artefacts. …
- Bak-Kwa (BBQ Meat) …
- Ya-Kun Kaya Spread (Coconut Jam) …
- Singapore Pressed Pennies. …
- Tiger Balm Products. …
- Laksa Paste.
What food does Singapore export?
Top exports of processed foods to Singapore in 2020 included:
- Fats And Oils.
- Food Preparations & Ingredients.
- Processed/Prepared Dairy Products.
- Processed Vegetables & Pulses.
- Snack Foods.
- Alcoholic Beverages.
- Chocolate And Confectionery.