Top Import Trading Partners of Singapore - Volza

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31-Mar-2025

Overview

Singapore
 

Singapore's primary import trading partners in 2023 include China (15% of imports, $55 billion), Malaysia (12%, $44 billion), The United States (11%, $40 billion), Japan (8%, $29 billion), and South Korea (7%, $26 billion).

Key imports from these countries are machinery, electronics, crude oil, chemicals, and foodstuffs. Trade agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the ASEAN Free Trade Area (AFTA) facilitate smoother trade flows.

Singapore's GDP growth rate stands at 3.5%, with an inflation rate of 1.8%, reflecting its stable economic environment. Strategic tariffs, government incentives, and its strategic position as a global trade hub provide significant logistical advantages, impacting trade with these partners. These measures support a balanced trade relationship, making Singapore a critical import market for these countries.

Singapore Trade Partnership With Other Countries

Track top import trading partner countries of Singapore, These findings are based on global import shipment database of Volza, it is the most up-to-date but partial information available on Singapore's import trade.

Top Import Trading Partners

YOY comparison

MOM comparison

Import Trading Partners of Singapore
93
1M 3M 6M 1Y 3Y ALL
Country 2023 2022 Growth% 2023 Share 2022 Share
Argentina Flag Argentina Top Import Products from Argentina to Singapore Value $235,737,158.15 $218,004,783.14 greenUpArrow   8.13% 0.17%
Shipment 5,284 5,139 greenUpArrow   2.82% 0.12%
Australia Flag Australia Top Import Products from Australia to Singapore Value $0 $0 redDownArrow   0% 0.00%
Shipment 0 1,193 redDownArrow   -100.00% 0.00%
Austria Flag Austria Top Import Products from Austria to Singapore Value $503,908,487.71 $518,357,934.71 redDownArrow   -2.79% 0.37%
Shipment 10,291 11,385 redDownArrow   -9.61% 0.22%
Bahrain Flag Bahrain Top Import Products from Bahrain to Singapore Value $0 $0 redDownArrow   0% 0.00%
Shipment 0 81 redDownArrow   -100.00% 0.00%
Bangladesh Flag Bangladesh Top Import Products from Bangladesh to Singapore Value $554,201,174.3 $245,892,619.36 greenUpArrow   125.38% 0.40%
Shipment 41,347 15,405 greenUpArrow   168.40% 0.90%
Belgium Flag Belgium Top Import Products from Belgium to Singapore Value $1,925,118,578.5 $2,209,890,955.87 redDownArrow   -12.89% 1.40%
Shipment 15,918 20,172 redDownArrow   -21.09% 0.35%
Botswana Flag Botswana Top Import Products from Botswana to Singapore Value $117,558,681.96 $339,750,566.9 redDownArrow   -65.40% 0.09%
Shipment 40 181 redDownArrow   -77.90% 0.00%
Brazil Flag Brazil Top Import Products from Brazil to Singapore Value $13,203,729,566 $22,265,174,519 redDownArrow   -40.70% 9.59%
Shipment 52,003 98,573 redDownArrow   -47.24% 1.13%
Bulgaria Flag Bulgaria Top Import Products from Bulgaria to Singapore Value $143,611,867.28 $25,613,734.94 greenUpArrow   460.68% 0.10%
Shipment 1,107 1,276 redDownArrow   -13.24% 0.02%
Cambodia Flag Cambodia Top Import Products from Cambodia to Singapore Value $0 $0 redDownArrow   0% 0.00%
Shipment 0 60 redDownArrow   -100.00% 0.00%
Cameroon Flag Cameroon Top Import Products from Cameroon to Singapore Value $1,032,471,907.39 $138,374,874 greenUpArrow   646.14% 0.75%
Shipment 40 18 greenUpArrow   122.22% 0.00%
Canada Flag Canada Top Import Products from Canada to Singapore Value $0 $0 redDownArrow   0% 0.00%
Shipment 0 206 redDownArrow   -100.00% 0.00%
Chile Flag Chile Top Import Products from Chile to Singapore Value $78,843,978.88 $197,815,859.41 redDownArrow   -60.14% 0.06%
Shipment 1,692 2,037 redDownArrow   -16.94% 0.04%
China Flag China Top Import Products from China to Singapore Value $0 $0 redDownArrow   0% 0.00%
Shipment 0 32,770 redDownArrow   -100.00% 0.00%
Colombia Flag Colombia Top Import Products from Colombia to Singapore Value $179,996,994.42 $928,741,094.88 redDownArrow   -80.62% 0.13%
Shipment 775 1,042 redDownArrow   -25.62% 0.02%

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