Frequent question: What do we trade with Singapore?

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). U.S. total exports of agricultural products to Singapore totaled $991 million in 2019.

What does Australia trade with Singapore?

Australia was also the second largest supplier of pork, milk and cream products to Singapore. According to Global Trade Atlas (Australian Bureau of Statistics), Singapore was Australia’s tenth largest market for food, beverage and agribusiness products in 2016 with total exports valued at A$1.2 billion.

What countries trade with Singapore?

Singapore trade balance, exports and imports by country

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.

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.

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What can I export to Singapore?

Common Products Exported to Singapore

Here’s a quick look at the best agricultural products to export from India to Singapore: Basmati rice. Milk and dairy products. Onions, ginger, cucumbers, potatoes, and tomatoes.

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.

Who is Singapore biggest 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

Is Singapore richer than Australia?

Australia has a GDP per capita of $50,400 as of 2017, while in Singapore, the GDP per capita is $94,100 as of 2017.

Is Singapore an ally of Australia?

Singapore is a close and highly capable defence partner of Australia in Southeast Asia, as reflected in the CSP. On 10 December 2020, the Treaty on Military Training and Training Area Development entered into force and will enhance and expand training opportunities for Singapore Armed Forces personnel in Australia.

What does Australia export to Malaysia?

Major Australian services exports to Malaysia are education and tourism.

What are Singapore’s major imports?

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).

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What food does Singapore export?

Top exports of processed foods to Singapore in 2020 included:

  • Fats And Oils.
  • Food Preparations & Ingredients.
  • Processed/Prepared Dairy Products.
  • Processed Vegetables & Pulses.
  • Snack Foods.
  • Alcoholic Beverages.
  • Chocolate And Confectionery.
Ordinary Traveler