Overview In December 2022, China exported $10B and imported $2.42B from Singapore, resulting in a positive trade balance of $7.59B. Between December 2021 and December 2022 the exports of China have increased by $4.05B (67.9%) from $5.96B to $10B, while imports decreased by $-1.07B (-30.7%) from $3.49B to $2.42B.
Trade In December 2022, the top exports of China to Singapore were Refined Petroleum ($444M), Integrated Circuits ($430M), Passenger and Cargo Ships ($382M), Computers ($312M), and Telephones ($253M). In December 2022 the top imports of China from Singapore were Integrated Circuits ($602M), Machines and apparatus of a kind... ($592M), Cyclic Hydrocarbons ($179M), Refined Petroleum ($161M), and Ethylene Polymers ($155M).
Origins In December 2022 the exports of China were mainly from Guangdong Province ($1.78B), Shandong Province ($1.32B), Jiangsu Province ($1.31B), Beijing ($1.11B), and Shanghai Province ($873M), while imports destinations were mainly Shanghai Province ($739M), Guangdong Province ($541M), Jiangsu Province ($389M), Zhejiang Province ($189M), and Beijing ($112M).
Growth In December 2022, the increase in China's year-by-year exports to Singapore was explained primarily by an increase in product exports in Commodities not elsewhere specified ($62.7M or 93.6%), Inedible Fats and Oils ($32.9M or 374%), and Non-Knit Women's Suits ($22.8M or 126%). In December 2022, the decrease in China's year-by-year imports from Singapore was explained primarily by an decrease in product imports in Coal Tar Oil ($-86M or -76.4%), LCDs ($-27.2M or -84.3%), and Telephones ($-26.7M or -64.9%).