IMPORT EXPORT
Singapore import Statistics

Singapore Import Data

In today's globalized world, understanding import data is crucial for businesses looking to thrive in international trade. Singapore also known as the Republic of Singapore, is situated in Asia's southeast. Singapore is another one of the world's sovereign island nations. The South China Sea, the Strait of Johor, the Strait of Malacca, and other large bodies of water border Singapore. It is known for its strategic location and bustling economy and stands as a prime destination for importers and exporters. According to Singapore’s import data, the imports of Singapore accounted for a value of $475 billion in 2022. Let us shed light on the Singapore import data for the year 2022, exploring its significance, sources, and how it can empower businesses to make informed decisions.

Singapore Import Data | Singapore Customs Data

16

The country has been ranked 16th in global imports, showing a significant position in the international trade and import landscape.

2.36%

With a mere 2.36% share in global import trade, it becomes evident that its presence in the international import market is fairly on the rise.

CHINA

China holds a significant role as the largest import partner of the country in terms of goods imports.

ELECTRONIC INTEGRATED CIRCUITS

Electronic integrated circuits are the major and biggest import commodities of the country, playing a vital role in its economy .

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

Top 10 Imports of Singapore

Singapore, a leading global trade hub, boasts an extensive array of imports that contribute to its thriving economy. The country's top 10 imports encompass a diverse range of products reflecting Singapore's status as a strategic commercial player. Singapore’s top 10 imports in2022 include:

  • Electronic integrated circuits: 22% ($107 billion)
  • Petroleum oils and oils from bituminous minerals: 13.1% ($62 billion)
  • Petroleum oils and oils obtained from bituminous minerals, crude oil: 7.15% ($34 billion)
  • Turbojets, turbo-propellers, and other gas turbines: 3.73% ($17.7 billion)
  • Gold: 3.72% ($17.7 billion)
  • Electrical apparatus for line telephony or line telegraphy: 2.68% ($12.7 billion)
  • Machines and apparatus: 2.28% ($10.8 billion)
  • Automatic data processing machines and units thereof: 2.08% ($9.91 billion)
  • Petroleum gases and other gaseous hydrocarbons: 1.62% ($7.71 billion)
  • Semiconductor devices: 1.34% ($6.41 billion)
    • Partners

    Top 10 import partners of Singapore

    Additionally, Singapore maintains strong import partnerships with key countries around theworld. Its top 10 import partners further solidify Singapore's position as a trade powerhouse,fueling its continuous growth and prosperity. The top 10 import partners of Singapore in 2022were:

    Value In Percentage(%)

  • China: 13.2% (62 billion US$)
  • Malaysia: 12.4% (59 billion US$)
  • Other Asian nations: 12.1% (57 billion US$)
  • USA: 10.8% (51 billion US$)
  • South Korea: 6.44% (30 billion US$)
  • Japan: 5.61% (26 billion US$)
  • Indonesia: 3.81% (18.1 billion US$)
  • United Arab Emirates: 3.3% (15.6 billion US$)
  • Thailand: 2.74% (13 billion US$)
  • France: 2.7% (12.8 billion US$)
    • Sample Data

    Singapore Import Data and customs 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, 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 and price of each product, shipping carrier, consigner/consignee, the precise movement of goods for the countries which come under the Statistical and B/L database. The information provided on Singapore import data statistics and Singapore trade data is highly helpful and informative. According to the customs import database, the imports of Singapore accounted for a value of $475 billion in 2022, with an increase of 17% from 2021. All of the information in the customs database is derived from recently updated shipping bills, invoices, and other crucial transaction documents. HS codes and product descriptions, which include the amount, price, and units of each product being sent, are among the many fields that are included in Singapore import data.

    Benefits

    Benefits of the Singapore Import Data

  • Determine prospective customers in the Singapore market.
  • Find out what Singapore's current product demand is.
  • Monitor Your Rivals and overtake them in position.
  • Use a data-driven marketing approach.
  • Increase the visibility of your brand in the Singapore market.
  • Aim for long-term business success and quadruple your revenue.

    • Frequently Asked Questions!!

    The total value of Singapore’s imports was $475 billion in 2022.

    HS codes and product descriptions are the major data fields included in Singapore import data.

    Some major benefits of analyzing Singapore’s import data include - Identifying market opportunities, understanding consumer behavior, evaluating competitors, and monitoring market trends.

    China, Malaysia, and Other Asian nations are the top 3 import partners of Singapore in 2022.

    By determining prospective customers, understanding current product demand, and using a data-driven marketing approach, Singapore’s import data is helpful in increasing business revenue.

    You might be interested in other continents as well

    China
    Japan
    Philippines
    Singapore
    South-Korea
    Vietnam