How much does Singapore export and import?
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 export a lot?
Overview Of Singapore’s Economy
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.
What does Singapore export to USA?
Leading domestic export categories include: animal fats ($227 million), vegetable oils (excluding soybean) ($160 million), dairy products ($85 million), food preparations ($63 million), and essential oils ($47 million).
Who is Singapore biggest trading partner?
Singapore top 5 Export and Import partners
|Market||Trade (US$ Mil)||Partner share(%)|
|Hong Kong, China||44,377||11.37|
Where does Singapore get its money?
The Singapore economy is mainly driven by exports in electronics manufacturing and machinery, financial services, tourism, and the world’s busiest cargo seaport.
Is Singapore the largest investor in China?
Sichuan is a key economic centre of Western China. In 2020, bilateral trade between Singapore and Sichuan grew 9.8 per cent on the year to US$1.84 billion, according to data from the Sichuan Department of Commerce. …
Why does Singapore rely on exports?
The Singaporean economy depends heavily on exports and refining imported goods, especially in manufacturing. … It’s exports include machinery and equipment (including electronics and telecommunications), pharmaceuticals and other chemicals and refined petroleum products.
Is Singapore politically stable?
Singapore has been one of the region’s most politically stable countries. Singapore practices a modified version of the Westminster Parliamentary system. Each parliament sits for a maximum of five years.
Is Singapore a US ally?
For more than 55 years, the United States and Singapore have forged an expansive and enduring relationship based on mutual economic interests, robust security and defense cooperation, and enduring people-to-people ties.