Top Export Products of Singapore

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10-Apr-2025

Overview

Singapore

As the Singapore export data reveals, the nation's top export products for 2023 were prominently characterized by:

> Integrated Circuits: 20%

> Refined Petroleum: 15%

> Pharmaceuticals: 12%

> Computer Equipment: 10%

> Chemical Products: 9%

> Telecommunication Equipment: 8%

> Optical and Medical Instruments: 7%

> Machinery and Equipment: 6%

> Plastics and Articles: 5%

> Food and Beverages: 4%

These top 10 export items represented a significant 96% of Singapore's total export value for 2023. When analyzing Singapore's customs records, it's evident that the fastest-growing export categories were Integrated Circuits (USD 50 billion), Refined Petroleum (USD 37.5 billion), and Pharmaceuticals (USD 30 billion) showing a robust upward trend. Conversely, the declining sectors in the export landscape included products of the Integrated Circuits, Refined Petroleum, Pharmaceuticals, as well as Computer Equipment.

For businesses and market analysts, the subsequent chart offers a deeper dive, showcasing the monetary value and market dynamics of Singapore’s top 10 export commodities for 2023.

YOY and MOM comparison of growth and share of top Export Products of singapore

Top Export Products of Singapore

YOY comparison of growth and share of top Export Products of Singapore

MOM comparison of growth and share of top Export Products of Singapore

Export Products of Singapore
100

1M 3M 6M 1Y 3Y ALL

Top Products		2023	2022	Growth%	2023 Share	2022 Share
HSN Code: 000000 0000 000004 Exporters : Singapore Exporters 105,643 Singapore Exporters Shipment 1,061,979	Value	$2,016,891.05	$1,185,579.79	70.12%	0.00%	0.00%
	Shipment	282,245	536,432	-47.38%	11.12%	19.99%
Electrical apparatus for switching or protecting electrical circuits, Or for making connections to or in electrical circuits (for example, Switches, Relays, Fuses, Surge suppressors, Plugs, Sockets, Lamp-holders and other connectors, Junction boxes), For HSN Code: 85365090 85369090 85366990 Exporters : Singapore Exporters 11,466 Singapore Exporters Shipment 290,198	Value	$268,644,217.03	$275,499,617.49	-2.49%	0.17%	0.16%
	Shipment	77,160	76,541	0.81%	3.04%	2.85%
Electrical capacitors, Fixed, Variable or adjustable (pre-set) HSN Code: 85322400 85322990 85322900 Exporters : Singapore Exporters 3,121 Singapore Exporters Shipment 221,285	Value	$154,180,208.28	$149,822,768.44	2.91%	0.10%	0.08%
	Shipment	72,407	64,521	12.22%	2.85%	2.40%
Electronic integrated circuits - electronic integrated circuits: HSN Code: 85423100 85423900 85429000 Exporters : Singapore Exporters 5,344 Singapore Exporters Shipment 217,416	Value	$3,575,250,021.17	$4,128,068,554.94	-13.39%	2.26%	2.33%
	Shipment	66,211	76,508	-13.46%	2.61%	2.85%
Mixtures of odoriferous substances and mixtures (including alcoholic solutions) with a basis of one or more of these substances, Of a kind used as raw materials in industry; other preparations based on odoriferous substances, Of a kind used for the manufa HSN Code: 33029000 33021090 33021030 Exporters : Singapore Exporters 1,347 Singapore Exporters Shipment 204,219	Value	$1,023,177,472.46	$788,180,133.19	29.82%	0.65%	0.45%
	Shipment	71,528	43,822	63.22%	2.82%	1.63%
Screws, Bolts, Nuts, Coach-screws, Screw hooks, Rivets, Cotters, Cotter-pins, Washers (including spring washers)and similar articles, Of iron or steel - threaded articles : HSN Code: 73181500 73181590 73182200 Exporters : Singapore Exporters 7,130 Singapore Exporters Shipment 200,354	Value	$48,531,472.75	$92,392,408.6	-47.47%	0.03%	0.05%
	Shipment	53,810	57,061	-5.70%	2.12%	2.13%
Other articles of plastics and articles of other materials of headings 3901 to 3914 HSN Code: 39269099 39269059 39269014 Exporters : Singapore Exporters 11,421 Singapore Exporters Shipment 160,519	Value	$162,384,177.43	$126,169,039.83	28.70%	0.10%	0.07%
	Shipment	41,870	36,126	15.90%	1.65%	1.35%
Diodes, Transistors and similar semi- conductor devices; photosensitive semi- conductor devices, Including photovoltaic cells whether or not assembled in modules or made up into panels; light emitting diodes; mounted piezo-electric crystals HSN Code: 85411000 85412900 85416000 Exporters : Singapore Exporters 4,018 Singapore Exporters Shipment 145,608	Value	$469,121,233.04	$558,866,114.42	-16.06%	0.30%	0.32%
	Shipment	43,106	51,029	-15.53%	1.70%	1.90%
Electrical resistors (including rheostats and potentiometers), Other than heating resistors HSN Code: 85332129 85332119 85331000 Exporters : Singapore Exporters 2,168 Singapore Exporters Shipment 138,201	Value	$42,480,971.12	$46,077,616.36	-7.81%	0.03%	0.03%
	Shipment	40,056	44,381	-9.75%	1.58%	1.65%
Printed books, Brochures, Leaflets and similar printed matter, Whether or not in single sheets HSN Code: 49019910 49019990 49011010 Exporters : Singapore Exporters 3,485 Singapore Exporters Shipment 132,608	Value	$37,957,092.62	$30,779,691.7	23.32%	0.02%	0.02%
	Shipment	48,613	28,595	70.01%	1.92%	1.07%
Automatic data processing machines and units thereof; magnetic or optical readers, Machines for transcribing data on to data media in coded form and machines for processing such data, Not elsewhere specified or included HSN Code: 84715000 84713090 84717020 Exporters : Singapore Exporters 7,532 Singapore Exporters Shipment 129,922	Value	$1,816,986,229.21	$1,524,762,684.38	19.17%	1.15%	0.86%
	Shipment	37,320	37,332	-0.03%	1.47%	1.39%
Petroleum oils and oils obtained from bituminous minerals, Other than crude; preparations not elsewhere specified or included, Containing by weight 70% or more of petroleum oils or of oils obtained from bituminous minerals, These oils being the basic cons HSN Code: 27101946 27101943 27101944 Exporters : Singapore Exporters 3,731 Singapore Exporters Shipment 129,092	Value	$91,181,908,486.72	$59,512,861,232.19	53.21%	57.75%	33.62%
	Shipment	41,950	29,265	43.35%	1.65%	1.09%
Other articles of vulcanised rubber other than hard rubber HSN Code: 40169390 40169320 40169999 Exporters : Singapore Exporters 8,038 Singapore Exporters Shipment 124,299	Value	$101,676,639.05	$102,367,232.55	-0.67%	0.06%	0.06%
	Shipment	41,835	31,084	34.59%	1.65%	1.16%
Insulated (including enamelled or anodised) wire, Cable (including co-axial cable) and other insulated electric conductors, Whether or not fitted with connectors; optical fibre cables, Made up of individually sheathed fibres, Whether or not assembled with HSN Code: 85444999 85441190 85444299 Exporters : Singapore Exporters 7,395 Singapore Exporters Shipment 124,263	Value	$102,668,541.07	$154,980,439.2	-33.75%	0.07%	0.09%
	Shipment	32,603	33,178	-1.73%	1.28%	1.24%
Printing machinery used for printing by means of plates, Cylinders and other printing components of heading 8442; other printers, Copying machines and facsimile machines, Whether or not combined; parts and accessories thereof - printing machinery used for HSN Code: 84439990 84439952 84439920 Exporters : Singapore Exporters 3,239 Singapore Exporters Shipment 123,814	Value	$251,998,498.23	$279,059,502.98	-9.70%	0.16%	0.16%
	Shipment	39,110	36,677	6.63%	1.54%	1.37%

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