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Singapore export Statistics

Singapore Export Data

Situated in Southeast Asia, Singapore is also referred to as the Republic of Singapore. Singapore is an additional independent island nation in the world. Although it's a competitive export market, Singapore is among the greatest places to invest. Singapore has emerged as a global trade hub, and its export industry plays a vital role in its economic growth. To understand and analyze the trends and patterns in Singapore's export sector, it is essential to look at reliable and up-to-date Singapore shipment data. According to Singapore export data, Singapore exported $475.47 billion in 2023, with a decline of 8% from the previous year, as per Singapore trade statistics. Let’s gain a comprehensive insight review of the Singapore exports data for the year 2023, shedding light on the key industries, Singapore main exports, Singapore export products list, Singapore exports by category, destinations, and emerging trends.

Singapore Export Data | Singapore Trade Data

15

The country has been ranked 15th in global exports, showing a significant position in the international trade and export landscape.

2.8%

With a mere 2.8% share in global export trade, it becomes evident that its presence in the international export market is fairly on the rise.

CHINA

China holds a significant role as the largest export partner of the country in terms of goods exports in the global market.

ELECTRICAL MACHINERY AND EQUIPMENT

Electrical machinery and equipment are the major and biggest export commodities of the country, playing a vital role in its economy.

Please select a country or provide either a description or HS Code.
export

Top 10 Exports of Singapore: Singapore Exports by HS Code

Singapore, a major global trading hub, boasts a diverse range of exports that contribute significantly to its thriving economy. The top 10 Singapore exports encompass a mix of goods, as per the Singapore export products list. According to the export data and Singapore exports by category, the top 10 exports of Singapore in 2023 are:

  • Electrical machinery and equipment (HS code 85): 34.02% ($161.73 billion)
  • Nuclear reactors and machinery (HS code 84): 15.6% ($74.15 billion)
  • Mineral fuels and oils (HS code 27): 12.38% ($58.87 billion)
  • Optical, medical, or surgical instruments (HS code 90): 4.94% ($23.50 billion)
  • Precious stones and metals (HS code 71): 3.95% ($18.79 billion)
  • Organic chemicals (HS code 29): 3.06% ($14.57 billion)
  • Plastics and articles thereof (HS code 39): 2.65% ($12.61 billion)
  • Pharmaceutical products (HS code 30): 2.32% ($11.04 billion)
  • Essential oils; perfumery, and cosmetics (HS code 33): 2.01% ($9.53 billion)
  • Miscellaneous chemical products (HS code 38): 1.42% ($6.75 billion)
    • Partners

    Top 10 Export Partners of Singapore: Singapore Exports by Country

    Moving to the top 10 export partners of Singapore, the island nation has forged fruitful trade relationships worldwide. These close ties have facilitated the flow of goods and services, enhancing economic growth for both Singapore and its partners. Singapore's commitment to quality, innovation, and strategic alliances continues to fuel its success as a global exporter. Singapore’s top 10 export partners in 2023, as per Singapore shipment data and Singapore trade records include:

    Value In Percentage(%)

  • China: 13.8% (65.60 billion US$)
  • Hong Kong: 10.6% (50.42 billion US$)
  • USA: 9.5% (44.93 billion US$)
  • Malaysia: 9.4% (44.46 billion US$)
  • Indonesia: 7.4% (35.37 billion US$)
  • South Korea: 4.3% (20.65 billion US$)
  • Taiwan: 4.3% (20.55 billion US$)
  • Japan: 4.1% (19.35 billion US$)
  • Thailand: 4% (19.10 billion US$)
  • Vietnam: 3.5% (16.65 billion US$)
    • Sample Data

    Overview of Singapore Export Data

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    In our exclusive report for Singapore exports and imports statistics, you will find several trade details such as the number of goods needed to be imported/exported, HS codes, the description of each HS code, and the quantity, shipping carrier, consigner/consignee, the precise movement of goods for the countries which come under the Statistical and B/L database. The Singapore export data for 2023 reveals promising growth in various sectors. The export data is entirely derived from current and original shipping bills, invoices, and other crucial trade-related paperwork. The trustworthy data gathered from Singapore's approved ports, establishments, and other shipping firms is stored in the customs database for the country's exports. HS codes and product descriptions are among the many fields that are included in Singapore export trade data. According to official figures, the total value of Singapore's exports reached an impressive figure of $475.47 billion in 2023. This growth can be attributed to the government's emphasis on diversifying Singapore's export markets and promoting innovation-driven industries.

    Benefits

    Benefits of the Singapore Export Data

  • Produce Real leads in the Singapore export market.
  • Learn about Singapore's most recent product demand.
  • Keep an eye on the competition and surpass them.
  • Give your marketing plan a data-driven approach.
  • Make a significant impact on the export market of Singapore.

    • Frequently Asked Questions!!

    The total value of Singapore’s exports was $475.47 billion in 2023.

    Electrical machinery and equipment contributed around $161 billion to Singapore’s export revenue in 2023.

    China, Hong Kong, and the USA were the top 3 export partners of Singapore in 2023.

    The electronics sector in Singapore has witnessed rapid export expansion in recent years.

    Electrical machinery, nuclear reactors, and mineral fuels and oils are the top 3 exports of Singapore in 2023.

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