What is Singapore’s biggest import?

What things are imported to Singapore?

Major imported goods to Singapore are Electrical Machinery, Oil & Mineral Fuels; Industrial Machinery; Precious Stones & Metals; Precision Instruments; Aircraft; Plastics; Organic Chemicals; Motor Vehicles & Parts; Cosmetics.

What are Singapore Major imports and exports?

Economy of Singapore

Statistics
Export goods Machinery and equipment Electronics and telecommunications Pharmaceuticals and other chemicals Refined petroleum products Chemical products
Main export partners Hong Kong 13.67% China 11.21% Malaysia 9.43% United States 8.45% Indonesia 7.72% (2018)
Imports US$533 billion (2019)

What is the main trade in Singapore?

Singapore derives most of its revenues from foreign trade. The biggest export product, with 43 percent share, is machinery and equipment. The country also exports petroleum (19 percent); chemical products (13 percent); miscellaneous manufactured articles (8 percent) and oil bunkers (7 percent).

Who is Singapore’s largest trading partner?

Singapore top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
China 51,619 13.22
Hong Kong, China 44,377 11.37
Malaysia 41,152 10.54
United States 34,401 8.81

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%)
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What does Australia export Singapore?

Based on International Enterprise Singapore’s Statlink statistics, Australia was the largest supplier of beef, cheese and lamb products in 2016. Australia was also the second largest supplier of pork, milk and cream products to Singapore.

Which 5 countries are Singapore’s top 5 food suppliers?

In 2019, the top partner countries from which Singapore Imports Food Products include France, Malaysia, China, United Kingdom and Indonesia.

What countries trade with Singapore?

In 2017, Singapore major trading partner countries for exports were China, Hong Kong, China, Malaysia, Indonesia and United States and for imports they were China, Malaysia, United States, Other Asia, nes and Japan.

Does Singapore import all their food?

With little farming land, Singapore imports over 90% of the food consumed in the country. The food at our local markets mainly comes from overseas.

Does Singapore import or export more?

Singapore Service Trade data from WDI 2019

Singapore, Imports of goods and services as percentage of GDP is 147.63 %. Singapore, Exports of goods and services as percentage of GDP is 175.89 %.

Does Singapore rely on imports?

The Singaporean economy depends heavily on exports and refining imported goods, especially in manufacturing. Singapore’s imports include machinery and equipment, mineral fuels, chemicals, foodstuffs and consumer goods.

What does Singapore import from the US?

The top import categories (2-digit HS) in 2020 were: precious metal and stone (gold) ($5.6 billion), pharmaceuticals ($4.3 billion), machinery ($3.9 billion), optical and medical instruments ($3.6 billion), and miscellaneous food (preperations for beverage manufacture) ($3.2 billion).

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