Overview In February 2022 Singapore exported SGD41.3B and imported SGD35.5B, resulting in a positive trade balance of SGD5.74B. Between February 2021 and February 2022 the exports of Singapore have increased by SGD8.54B (26.1%) from SGD32.7B to SGD41.3B, while imports increased by SGD6.24B (21.3%) from SGD29.3B to SGD35.5B.
Trade In February 2022, the top exports of Singapore were Electrical Machinery Apparatus & Appliances Nes... (SGD16.9B), Petroleum & Products & Related Materials (SGD6.28B), Oil Bunkers (SGD2.78B), Office Machines & Automatic Data-processing Machines (SGD1.84B), and Organic Chemicals (SGD1.71B). In February 2022 the top imports of Singapore were Electrical Machinery Apparatus & Appliances Nes... (SGD14.1B), Petroleum & Products & Related Materials (SGD8.37B), Office Machines & Automatic Data-processing Machines (SGD1.53B), Miscellaneous Manufactured Articles Nes (SGD1.47B), and Telecommunications & Sound-recording & Reproducing Apparatus... (SGD1.36B).
Destinations In February 2022, Singapore exported mostly to China (SGD6.93B), Hong Kong (SGD6.52B), Malaysia (SGD4.8B), United States (SGD4.06B), and Indonesia (SGD3.44B), and imported mostly from Chinese Taipei (SGD6.47B), Malaysia (SGD5.33B), China (SGD4.8B), United States (SGD4.47B), and South Korea (SGD3.04B).
Growth In February 2022, the increase in Singapore's year-by-year exports was explained primarily by an increase in exports to Hong Kong (SGD967M or 20.5%), Cambodia (SGD655M or 300%), and China (SGD591M or 11.6%), and product exports increase in N/A. In February 2022, the increase in Singapore's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei (SGD1.36B or 38%), China (SGD651M or 11.9%), and Malaysia (SGD574M or 11.5%), and product imports increase in Electrical Machinery Apparatus & Appliances Nes... (SGD2.58B or 27.5%), Office Machines & Automatic Data-processing Machines (SGD351M or 23.5%), and Telecommunications & Sound-recording & Reproducing Apparatus... (SGD273M or 15.9%).