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 $422.53 billion in 2023 with a decline of 11% from the previous year, as per Singapore trade statistics. Let us shed light on Singapore imports data and Singapore import trade statistics for the year 2023, exploring its significance, sources, and how it can empower businesses to make informed decisions.

Singapore Import Data | Singapore Bill of Lading Data

17

The country has been ranked 17th in global imports, showing a significant position in the international trade and import landscape.

2.4%

With a mere 2.4% 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.

ELECTRICAL MACHINERY AND EQUIPMENT

Electrical machinery and equipment 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 Imports by HS Code

Singapore, a leading global trade hub, boasts an extensive array of imports that contribute to its thriving economy. Singapore top imports encompass a diverse range of products reflecting Singapore's status as a strategic commercial player, as per Singapore import products list and Singapore import trade statistics. Singapore’s top 10 imports in 2023, as per Singapore bill of lading data and Singapore import products list for Singapore top imports include:

  • Electrical machinery and equipment (HS code 85): 31.09% ($131.36 billion)
  • Mineral fuels and oils (HS code 27): 20.67% ($87.34 billion)
  • Nuclear reactors and machinery (HS code 84): 15.22% ($64.28 billion)
  • Precious stones and metals (HS code 71): 4.93% ($20.84 billion)
  • Optical, medical, or surgical instruments (HS code 90): 3.14% ($13.25 billion)
  • Organic chemicals (HS code 29): 2.62% ($11.07 billion)
  • Aircraft, spacecraft, and parts thereof (HS code 88): 2.42% ($10.20 billion)
  • Plastics and articles thereof (HS code 39): 1.65% ($6.95 billion)
  • Essential oils, cosmetics, and perfumery (HS code 33): 1.16% ($4.88 billion)
  • Miscellaneous chemical products (HS code 38): 1.08% ($4.55 billion)
  • Partners

    Top 10 Import partners of Singapore: Singapore Imports by Country

    Additionally, Singapore maintains strong import partnerships with key countries around the world. 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 2023, as per Singapore import data and Singapore shipment data are:

    Value In Percentage(%)

  • China: 13.9% (58.80 billion US$)
  • USA: 12.3% (52.07 billion US$)
  • Taiwan: 11.5% (48.63 billion US$)
  • Malaysia: 11.3% (47.61 billion US$)
  • South Korea: 6.1% (25.66 billion US$)
  • Japan: 5% (21.19 billion US$)
  • Indonesia: 3.8% (15.98 billion US$)
  • France: 3.3% (13.79 billion US$)
  • United Arab Emirates: 2.9% (12.23 billion US$)
  • Thailand: 2.8% (12.02 billion US$)
    • Sample Data

    Understanding Singapore Import 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 bill of lading data reports for Singapore import-export data, 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 of each product, shipping carrier, consigner/consignee, the precise movement of goods for the countries which come under the Singapore B/L database. The information provided on Singapore import data and Singapore trade data is highly helpful and informative. According to the Singapore Statistical data and Singapore import data, the imports of Singapore accounted for a value of $422.53 billion in 2023. All of the information in the customs database for Singapore exports and imports statistics is derived from recently updated shipping bills, invoices, and other crucial transaction documents. HS codes and product descriptions, 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 $422.53 billion in 2023.

    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, USA, and Taiwan are the top 3 import partners of Singapore in 2023.

    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.

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