Singapore’s shipments of electrical machinery, equipment: posted the third-fastest gain in value up by 8.3%. In second place for improving export sales was the machinery including computers category, via an 8.6% advance. Refined petroleum oils comprise the biggest driver for Singapore’s mineral fuels-related growth products. Mineral fuels including oil was the fastest grower among the top 10 export categories, up by 42.7% from 2021 to 2022. Singapore’s top 10 exports represent 82.5% of the overall value of its global shipments. Other chemical goods: $7.7 billion (1.5%). ![]() Perfumes, cosmetics: $10.2 billion (2%).Organic chemicals: $13.9 billion (2.7%).Plastics, plastic articles: $15.6 billion (3%).Gems, precious metals: $22.6 billion (4.4%).Optical, technical, medical apparatus: $23.2 billion (4.5%).Mineral fuels including oil: $65.6 billion (12.7%).Machinery including computers: $75.1 billion (14.6%).Electrical machinery, equipment: US$181 billion (35.2% of total exports).Also shown is the percentage share each export category represents in terms of overall exports from Singapore. The following export product groups represent the highest dollar value in Singaporean global shipments during 2022. Singapore is busy trading hub which attracts a high degree of re-exporting activity with its trading partners. That dollar metric eclipses the average $83,900 per capita in 2021. Given Singapore’s population of 5.64 million people, its total $514.8 billion in 2022 exports translates to a formidable $91,300 for every resident in the exports-dependent nation. ![]() Smaller percentages went to Oceania led by Australia, Marshall Islands and New Zealand (5.5%), Latin America excluding Mexico but including the Caribbean (2.1%) then Africa (1.8%). Singapore shipped another 9.38% worth of goods to Europe. The latest available country-specific data shows that 75.3% of products exported from Singapore were bought by importers in: mainland China (12.4% of the global total), Hong Kong (11.2%), Malaysia (10%), United States of America (8.8%), Indonesia (7.2%), Taiwan (4.9%), South Korea (4.05%), Japan (4.04%), Thailand (3.4%), Vietnam (3.3%), Australia (3.2%) and India (2.7%).įrom a continental perspective, 71.7% of Singapore exports by value was delivered to Asian countries while 9.44% was sold to North American importers. Major Countries Buying Products Exported from Singapore Singapore’s weaker local currency makes its exports paid for in stronger US dollars relatively less expensive for international buyers during 2022. ![]() Year over year, the total value of Singapore’s exports rose 12.5% compared to $457.7 billion for 2021.īased on the average exchange rate for 2022, the Singapore dollar depreciated by -2.2% against the US dollar since 2018 and diluted by -2.6% from 2021 to 2022. That dollar amount reflects a 24.9% increase since 2018 when Singaporean exports totaled $412.1 billion. By Free Country FlagsAn island country and sovereign city-state in Southeast Asia, the Republic of Singapore shipped US$514.8 billion worth of products around the world in 2022.
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