What is the most imported products in Singapore?

Top 10

• Electrical machinery, equipment: US$108.9 billion (33.1\% of total imports)
• Machinery including computers: $52.9 billion (16.1\%)
• Mineral fuels including oil: $49.2 billion (15\%)
• Gems, precious metals: $22.6 billion (6.9\%)
• Optical, technical, medical apparatus: $12.8 billion (3.9\%)

What are the major imports and exports in Singapore?

Its top imports are Integrated Circuits ($57.8B), Refined Petroleum ($44.7B), Crude Petroleum ($19.8B), Gold ($12.1B) and Computers ($7.1B). The top export destinations of Singapore are Hong Kong ($60.8B), China ($50.3B), Malaysia ($28.4B), Indonesia ($17.9B) and the United States ($16.6B).

Which country does Singapore import most?

Yearly Imports The most common import partners for Singapore are China ($52.4B), Malaysia ($36.2B), United States ($28.4B), Chinese Taipei ($22.9B), and Japan ($17B).

What is Singapore main export?

machinery and equipment
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 are the main products of Singapore?

Singapore’s top three export and import commodities sections are machinery and transport equipment, chemicals and chemical products and miscellaneous manufactured articles.

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 \%.

What is Singapore import value?

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\%. Singapore Intermediate goods imports are worth US$ 53,788 million, product share of 14.98\%.

Who imports from Singapore?

Main import partners are: China (11 percent), Malaysia (11 percent), the United States (9 percent), South Korea (8 percent), Japan (6 percent) and Indonesia (5 percent).

Does Singapore import all their food?

Singapore’s Food Supply 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. In 2018, our local farms produce only a small amount of food that we eat in Singapore: 13\% of all the vegetables.

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 is Singapore’s import value?

Overall Exports and Imports for Singapore 2019 The total value of imports (CIF) is US$ 358,975 million. At the HS6 digit level, 4,257 products are exported to 220 countries and 4,307 products are imported from 221 countries.

What are the major exports of Singapore?

Singapore primarily exports chemicals, machinery, equipment, mineral fuels, pharmaceuticals, consumer goods and services. Among the machinery and equipment that Singapore exports are electronics, laboratory and scientific instruments, aircraft and parts, medical devices, telecommunication equipment and computer software, hardware and peripherals.

What does import export data mean?

The import and export of data is the automated or semi-automated input and output of data sets between different software applications.

What are export products?

An export is a product that is sold to people outside of the country in which the product was made. Canada exports maple syrup to the United States and to many other countries. Tropical areas like the countries in the Caribbean send sugar cane to other countries.

What is an import business?

Definition: An import export business is a company that facilitates trades of goods and commodities between domestic and foreign companies.