Quick Answer: Who is Singapore’s largest trading partner?

Which country is Singapore largest trading partner?

Singapore top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
China 51,619 13.22
Hong Kong, China 44,377 11.37
Malaysia 41,152 10.54
United States 34,401 8.81

Is China Singapore’s largest trading partner?

Singapore and China are celebrating the 30th anniversary of the establishment of our diplomatic relations in 2020. Since 2013, China has been Singapore’s largest trading partner, and Singapore has been China’s largest foreign investor.

Who is the largest trading partner?

For most economies in the world, their leading export and import trading partner in terms of value is either the European Union or China, and to a certain degree, the United States and Russia.

Which country does Singapore import from?

Top 10 Import Countries

Country Import USD$
United States $43,939,381,117
Malaysia $41,689,717,888
Japan $19,371,888,982
Indonesia $15,607,958,281

Who are Singapore’s main trading partners?

China, the United States, Indonesia, Malaysia, and Japan are Singapore’s principal trading partners.

What are Singapore’s top exports?

Singapore derives most of its revenues from foreign trade. The biggest export product, with 43 percent share, is machinery and equipment. The country also exports petroleum (19 percent); chemical products (13 percent); miscellaneous manufactured articles (8 percent) and oil bunkers (7 percent).

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Who is Singapore largest foreign investor?

The United States is by far the largest single country investor in Singapore, with direct investments in Singapore worth over US$244b. US companies account for more than 20% of all foreign direct investment in Singapore and invest more than all other Asian companies combined.

Does Singapore support China?

Furthermore, Singapore has positioned itself as a strong supporter for China’s constructive engagement and peaceful development in the region.

Who is Vietnam largest trading partner?

Vietnam top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States 61,404 23.21
China 41,434 15.66
Japan 20,427 7.72
Korea, Rep. 19,729 7.46

What country is the biggest trader?

The United States is the world’s largest trading nation, with over $5.6 trillion in exports and imports of goods and services in 2019. The U.S. has trade relations with more than 200 countries, territories, and regional associations around the globe. The United States is the 2nd largest goods exporter in the world.

Which country has the most trading partners?

While China is currently the world’s largest trading partner, this hasn’t always been the case. This series of graphics by Anders Sundell outlines the history of the world’s biggest trade hubs, showing how the landscape has evolved since 1960.

Which country has most trade?

Year-to-Date Total Trade

Rank Country Exports
Total, All Countries 1,754.6
Total, Top 15 Countries 1,233.3
1 Canada 307.6
2 Mexico 276.5

What is Singapore’s biggest import?

Imports The top imports of Singapore are Integrated Circuits ($43.5B), Refined Petroleum ($41.4B), Crude Petroleum ($22.5B), Gold ($10.8B), and Gas Turbines ($8.37B), importing mostly from China ($52.4B), Malaysia ($36.2B), United States ($28.4B), Chinese Taipei ($22.9B), and Japan ($17B).

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What does Singapore produce the most?

The Singapore economy is mainly driven by exports in electronics manufacturing and machinery, financial services, tourism, and the world’s busiest cargo seaport.

Why is Singapore rich?

Singapore’s considerable wealth has been built on its status as a stable, open, technologically advanced economy with low taxes. Inheritance, dividends, investment income and capital gains are all untaxed.