Which country is Singapore biggest trading partner?

Which country is Singapore’s top trading partner in 2020?

Top 10 Singapore’s major trading partners

  • China: US$51.5 billion (13.8%)
  • Hong Kong: $46.2 billion (12.4%)
  • United States: $40.2 billion (10.7%)
  • Malaysia: $33.3 billion (8.9%)
  • Indonesia: $21.5 billion (5.7%)
  • Taiwan: $18.3 billion (4.9%)
  • Japan: $17.9 billion (4.8%)
  • South Korea: $16.8 billion (4.5%)

Which country does Singapore import from?

Top 10 Import Countries

Country Import USD$
Malaysia $41,689,717,888
Japan $19,371,888,982
Indonesia $15,607,958,281
South Korea $13,701,135,367

Which country 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.

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.

What is the main trade of Singapore?

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)
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Is Singapore friend of India?

Relations between the two countries have traditionally been strong and friendly, with the two nations enjoying extensive cultural and commercial relations.

What is Singapore’s biggest export?

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).

What does Singapore trade with China?

The main products exported from Singapore to China were Integrated Circuits ($9.5B), Gold ($4.96B), and Refined Petroleum ($2.77B). During the last 24 years the exports of Singapore to China have increased at an annualized rate of 12%, from $3.05B in 1995 to $45.8B in 2019. In 2019, China exported $52.4B to Singapore.

Who are Malaysia trading partners?

Top 15

  • China: US$37.8 billion (16.1% of Malaysia’s total exports)
  • Singapore: $33.9 billion (14.5%)
  • United States: $26 billion (11.1%)
  • Hong Kong: $16.2 billion (6.9%)
  • Japan: $14.7 billion (6.3%)
  • Thailand: $10.8 billion (4.6%)
  • South Korea: $8.2 billion (3.5%)
  • Taiwan: $8.1 billion (3.4%)

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).

What is India’s main export?

Exports The top exports of India are Refined Petroleum ($39.2B), Diamonds ($22.5B), Packaged Medicaments ($15.8B), Jewellery ($14.1B), and Cars ($7.15B), exporting mostly to United States ($55.3B), United Arab Emirates ($28.6B), China ($17.4B), Hong Kong ($11.5B), and Singapore ($9.53B).

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Who is Singapore’s largest investor?

The United States is by far the largest single country investor in Singapore, with direct investments in Singapore worth over US$244b. US companies account for more than 20% of all foreign direct investment in Singapore and invest more than all other Asian companies combined.

Which country is China largest trading partner?

At $20.49 trillion, the United States boasts the largest economy in the world and is China’s largest trading partner. Last year, the total value of bilateral trade between the two countries was $737.1 billion, with U.S. imports from China valued at $557.9 billion and U.S. exports to China valued at $179.3 billion.

What is the capital of Singapore?

Singapore became the regional capital in 1836. Prior to Raffles’ arrival, there were only about a thousand people living on the island, mostly indigenous Malays along with a handful of Chinese. By 1860 the population had swelled to over 80,000, more than half being Chinese.