Where does Singapore import from?
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 does Singapore import from other countries?
Singapore’s imports include machinery and equipment, mineral fuels, chemicals, foodstuffs and consumer goods. It’s exports include machinery and equipment (including electronics and telecommunications), pharmaceuticals and other chemicals and refined petroleum products.
What is Singapore’s biggest import?
Imports: The top imports of Singapore are Integrated Circuits ($43.5B), Refined Petroleum ($41.4B), Crude Petroleum ($22.5B), Gold ($10.8B), and Gas Turbines ($8.37B), importing mostly from China ($52.4B), Malaysia ($36.2B), United States ($28.4B), Chinese Taipei ($22.9B), and Japan ($17B).
Is Singapore still importing from China?
Singapore imports from China was US$47.53 Billion during 2020, according to the United Nations COMTRADE database on international trade. Singapore imports from China – data, historical chart and statistics – was last updated on August of 2021.
Why is Singapore so rich?
Today, the Singapore economy is one of the most stable in the world, with no foreign debt, high government revenue and a consistently positive surplus. The Singapore economy is mainly driven by exports in electronics manufacturing and machinery, financial services, tourism, and the world’s busiest cargo seaport.
What 5 countries do we import the most from?
The top five suppliers of U.S. goods imports in 2019 were: China ($452 billion), Mexico ($358 billion), Canada ($319 billion), Japan ($144 billion), and Germany ($128 billion). U.S. goods imports from the European Union 27 were $515 billion. The United States is the largest services exporter in the world.
What does Singapore export to USA?
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 ($2.9 billion).
Who is Singapore biggest trading partner?
Singapore top 5 Export and Import partners
|Market||Trade (US$ Mil)||Partner share(%)|
|Hong Kong, China||44,377||11.37|