Who are Singapore’s top trading partners?

Which country is Singapore’s top trading partner?

In 2020, Mainland China, Malaysia and the US were Singapore’s top trading partners. Singapore’s exports to Mainland China and the US exceeded Singapore’s imports from these trading partners, while Singapore’s imports from Malaysia exceeded exports to Malaysia.

Who are our top 5 trading partners?

The top five purchasers of U.S. goods exports in 2019 were: Canada ($292.6 billion), Mexico ($256.6 billion), China ($106.4 billion), Japan ($74.4 billion), and the United Kingdom ($69.1 billion).

Who is the top trading partner?

NEW DELHI: The US has overtaken China as India’s largest trading partner, thanks to faster growth during the first nine months of 2021. Data collated by the commerce department showed that during January-September, two-way trade between India and the US jumped 50% to $28 billion.

How is Singapore involved in international trade?

Singapore’s imports are largely composed of electronic components, machinery, chemicals, and manufactured goods. The country exports high value added products such as electronics, fuels, and chemicals its main Import partners are China, Malaysia, the United States, South Korea, Japan and Indonesia.

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How many countries do Singapore trade with?

In 2019, Singapore major trading partner countries for exports were China, Hong Kong, China, Malaysia, United States and Indonesia and for imports they were China, United States, Malaysia, Other Asia, nes and Japan.

What are Singapore’s top exports?

Top 10

  • Electrical machinery, equipment: US$132.2 billion (35.3% of total exports)
  • Machinery including computers: $58.2 billion (15.5%)
  • Mineral fuels including oil: $30.3 billion (8.1%)
  • Optical, technical, medical apparatus: $20.8 billion (5.6%)
  • Gems, precious metals: $20.3 billion (5.4%)

What is the relationship between Malaysia and Singapore?

Singapore and Malaysia have a long-standing, broad and multifaceted relationship. Bilateral trade, investment, and tourism ties are robust. There are regular high-level exchanges such as the Leaders’ Retreat, Joint Ministerial Committee (JMC) meetings on Iskandar Malaysia, and Ministerial level visits.

Who is Chinas biggest trading partner?

Mainland China’s 100 major trade partners account for $2.551 trillion or 98.5% of all exported goods consumed by trade partners that import from the People’s Republic.

Searchable Datalist of Countries Consuming China’s Exports.

Rank 1.
Importer United States
Exports from China (US$) $452,576,771,000
2019-20 +8.1%

Which country is the US largest trading partner?

China, Canada and Mexico are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports. But this landscape could be reshaped as President Trump pursues “America First” policies and reworks free trade deals.

Which country has the most traders?

Year-to-Date Total Trade

Rank Country Total Trade
Total, All Countries 3,338.8
Total, Top 15 Countries 2,505.1
1 Mexico 486.6
2 Canada 484.0
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What country is the biggest trader?

China has been the largest exporter of goods in the world since 2009. 1 Official estimates suggest the country’s total exports amounted to $2.641 trillion in 2019. 2 In 2013, China became the largest trading nation in the world.