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Singapore
(information)
Population as of 2020: 5.6 million 113 of 193
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Region: Southeast Asia
Nominal G.D.P. in 2024: $501.4 billion 30 of 193
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Top Exports
Singapore exported about **$500+ billion in goods in 2024**, making it one of the world’s largest and most trade-dependent economies. Its exports are dominated by **electronics, machinery, petroleum products, and high-value re-exports**. | Rank | Export Category | Value (USD) | Notes | | ---- | -------------------------------------------- | ----------- | ---------------------------------------------------------------- | | 1 | **Electrical machinery & electronics** | ~$175.7B | Largest sector; semiconductors, ICs. | | 2 | **Machinery (industrial equipment)** | ~$91.6B | Engines, computers, industrial systems. | | 3 | **Mineral fuels (refined petroleum)** | ~$56.2B | Major oil refining hub. | | 4 | **Commodities not specified (re-exports)** | ~$34.6B | Reflects major trading hub role. | | 5 | **Optical, medical & precision instruments** | ~$25.2B | High-tech equipment. | | 6 | **Precious metals & stones (gold, etc.)** | ~$23.5B | Trading hub activity. | | 7 | **Plastics & plastic articles** | ~$13.2B | Petrochemical products. | | 8 | **Organic chemicals** | ~$11.7B | Industrial chemicals. | | 9 | **Cosmetics & personal care products** | ~$9.5B | Regional distribution hub. | | 10 | **Pharmaceuticals** | ~$8.4B | Biomedical sector. | Key individual export products (by value) | Rank | Product | Estimated Value (USD) | | ---- | ---------------------------------------- | --------------------- | | 11 | **Integrated circuits (semiconductors)** | ~$150+ billion | | 12 | **Refined petroleum products** | ~$50–60 billion | | 13 | **Computers & data processing machines** | ~$30–50 billion | | 14 | **Industrial machinery** | ~$70–90 billion | | 15 | **Gold (traded)** | ~$20–30 billion | | 16 | **Medical instruments & devices** | ~$20–25 billion | | 17 | **Telecommunications equipment** | ~$15–25 billion | | 18 | **Aircraft & spacecraft parts** | ~$5+ billion | | 19 | **Motor vehicles (mostly re-exports)** | ~$3–5 billion | | 20 | **Beverages & processed foods** | ~$2–6 billion | Key Takeaways * 🔌 **Electronics powerhouse:** * Electronics alone account for **~35% of exports**, led by semiconductors. ([Tendata][2]) * 🛢️ **Energy & refining hub:** * Singapore is one of the world’s top **oil refining and trading centers**. ([Wikipedia][3]) * 🔁 **Re-export giant:** * A large share of exports are **re-exports** passing through Singapore’s ports. * 🧪 **High-value industries:** * Strong in **chemicals, pharmaceuticals, and precision instruments**. Top Importers of Singapore’s Exports (2024) | Rank | Country | Notes | | ---- | ----------------- | ------------------------------------------------------------- | | 1 | **China** | Largest partner; electronics, semiconductors, petrochemicals. | | 2 | **Hong Kong** | Major re-export hub for electronics and high-value goods. | | 3 | **Malaysia** | Regional trade; electronics and refined fuels. | | 4 | **United States** | Electronics, pharmaceuticals, and machinery. | | 5 | **Indonesia** | Refined petroleum, machinery, and industrial goods. | | 6 | **Japan** | Electronics and petrochemicals. | | 7 | **South Korea** | Chemicals, fuels, and electronics. | | 8 | **Thailand** | Machinery, electronics, and industrial inputs. | | 9 | **India** | Refined petroleum, chemicals, and electronics. | | 10 | **Australia** | Fuels, machinery, and consumer goods. | Key Patterns * **Asia dominates strongly**: * Most top partners are **Asian economies**, reflecting regional supply chains. * **China is #1**: * Heavy demand for **electronics and intermediate goods**. * **Re-export hub effect**: * **Hong Kong and Malaysia** play major roles in **redistribution of goods**. * **Global reach remains strong**: * The **United States** is a key non-Asian market.
