What are the major imports and exports in Singapore?
Singapore Exports and Imports of Product Groups 2019
- Singapore Raw materials exports are worth US$ 3,675 million, product share of 0.94%.
- Singapore Raw materials imports are worth US$ 32,971 million, product share of 9.18%.
- Singapore Intermediate goods exports are worth US$ 70,780 million, product share of 18.13%.
What does Singapore import the most?
Top 10 Import Goods
|HS Code||Import USD$|
|(85) Electrical Machinery||$98,117,896,419|
|(27) Oil & Mineral Fuels||$75,266,877,960|
|(84) Industrial Machinery||$58,313,155,850|
|(71) Precious Stones & Metals||$18,864,689,547|
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 $64,582.
Who is Singapore’s largest trading partner?
Singapore top 5 Export and Import partners
|Market||Trade (US$ Mil)||Partner share(%)|
|Hong Kong, China||44,377||11.37|
Is kissing allowed in Singapore?
There is no law against public display of affection. There is a law against indecency in public.
What is Singapore famous for producing?
The country’s main exports, include electronics, chemicals and services. Singapore is the regional hub for wealth management.
What does Singapore export to us?
The top export categories (2-digit HS) in 2019 were: aircraft ($6.1 billion), machinery ($5.3 billion), electrical machinery ($4.1 billion), optical and medical instruments ($3.1 billion), and mineral fuels ($2.9 billion).
How much is import duty in Singapore?
Usually, all goods in Singapore, including all imports, are subject to a 7% GST. However, there are exceptions, such as if goods are transiting in a free trade zone or the total value is less than SG$400.
Does Singapore export oil?
Exports In 2019, Singapore exported $43.1B in Refined Petroleum, making it the 4th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Singapore.
What countries does Singapore export to?
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.