I. Singapore Goods Import and Export Trade Statistics 2019:
According to the International Enterprise Development Authority of Singapore, the import and export value of goods in Singapore in 2019 was 749.48 billion U.S. dollars, a decrease of 4.2% compared with the previous year (the same below). Among them, exports amounted to $390.42 billion, down 5.2 percent, while imports amounted to $359.06 billion, down 3.1 percent. Trade surplus of 31.36 billion U.S. dollars, down 24.0%.
Sub-country (region), in 2019, Singapore's exports to China, Hong Kong, China, Malaysia and the United States amounted to 51.63 billion U.S. dollars, 44.38 billion U.S. dollars, 41.17 billion U.S. dollars and 33.23 billion U.S. dollars, with increases and decreases of 2.4%, -8.7%, -8.3% and 8.4%, respectively, accounting for 13.2%, 11.4% of Singapore's total exports 10.5% and 8.5%; from China, the United States, Malaysia and Taiwan Province of China's imports of 49.05 billion U.S. dollars, 43.78 billion U.S. dollars, 41.70 billion U.S. dollars and 32.37 billion U.S. dollars, the rate of increase or decrease, respectively, -1.2%, 4.5%, -2.6% and 3.1%, accounting for Singapore's imports of 13.7%, 12.2%, 11.6% and 9.0% of the total. The top five sources of Singapore's trade surplus were Hong Kong, China, Indonesia, Vietnam, Thailand and the Netherlands in that order, with surpluses of $40.89 billion, $11.76 billion, $9.32 billion, $7.70 billion and $5.47 billion in 2019. Trade deficits mainly came from Taiwan Province of China, the United States and France, with deficits of $15.98 billion, $10.55 billion and $8.18 billion in 2019, representing increases and decreases of 10.6%, -6.1% and 16.3%, respectively.
Split into commodities, electromechanical products, mineral products and chemical products are Singapore's main export commodities, exports of $180.0 billion, $47.99 billion and $40.72 billion in 2019, a decline of 4.0%, 11.4% and 6.7%, accounting for 46.1%, 12.3% and 10.4% of Singapore's total exports. Electromechanical products, electrical machinery and electrical products exports 120.69 billion U.S. dollars, down 6.3%; machinery and equipment exports 59.32 billion U.S. dollars, an increase of 1.0%. Electrical and mechanical products and mineral products are the top two categories of imports in Singapore, with imports of $156.46 billion and $75.98 billion in 2019, with an increase of 1.2% in electrical and mechanical products and a decline of 14.5% in mineral products, accounting for 43.6% and 21.2% of Singapore's total imports.
Second, China-Singapore bilateral import and export trade statistics in 2019:According to the International Enterprise Development Authority of Singapore (IEDA), the bilateral import and export value of goods between China and Singapore in 2019 is 100.67 billion U.S. dollars, an increase of 0.6%. Among them, Singapore's exports to China amounted to $51.63 billion, an increase of 2.4%, accounting for 13.2% of its total exports, an increase of 1.0 percentage point; Singapore's imports from China amounted to $49.05 billion, a decrease of 1.2%, accounting for 13.7% of its total imports, an increase of 0.3 percentage point. Singapore's trade surplus of 2.58 billion U.S. dollars, an increase of 243.2 percent.
Mechanical and electrical products have been the mainstay of Singapore's exports to China, which amounted to $22.45 billion in 2019, up 3.2 percent, and accounted for 43.5 percent of Singapore's total exports to China. Chemical products, plastics and rubber, and precious metals and products are the second to fourth largest categories of Singapore's exports to China, with exports of US$6.86 billion, US$5.98 billion and US$5.25 billion in 2019, up or down -5.7%, -3.9% and 81.3% respectively, accounting for 13.3%, 11.6% and 10.2% of Singapore's total exports to China.
Electromechanical and mechanical products are the top commodities imported by Singapore from China, importing $29.97 billion in 2019, down 4.0%, accounting for 61.1% of Singapore's total imports from China. Among electromechanical products, imports of electrical machinery and electrical products amounted to $19.44 billion, down 6.7%, while imports of machinery and equipment amounted to $10.53 billion, up 1.2%. Mineral products and base metals and products are the second and third largest categories of Singapore's imports from China, importing US$7.36 billion and US$2.12 billion in 2019, with the former increasing by 14.1% and the latter decreasing by 15.7%, accounting for 15.0% and 4.3% of Singapore's total imports from China. In addition to the above products, chemical products, optical and watch medical equipment and transportation equipment are also major broad categories of Singapore's imports from China, together accounting for 8.3% of Singapore's total imports from China in 2019. China is Singapore's top source of imports of electromechanical products, base metals and products, furniture and toys, and textiles and raw materials, accounting for 19.2%, 19.6%, 34.6%, and 26.0% of Singapore's market share in the same category, with competitors for Chinese products mainly from Taiwan Province of China, Malaysia, and Japan, among others.
Statistics on the composition of Singapore's major imports in 2019
Statistics on the composition of Singapore's major imports from China in 2019