What are Singapore’s major exports?

What are Singapore’s main 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).

What are the major imports and exports of Singapore?

Major imports are machinery and transport equipment and crude petroleum, while machinery and refined petroleum products are the major exports. China, the United States, Indonesia, Malaysia, and Japan are Singapore’s principal trading partners.

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).

What are the top 3 exports?

These are the top US exports

  • Top U.S. goods exports.
  • Food, beverage and feed: $133 billion. …
  • Crude oil, fuel and other petroleum products: $109 billion. …
  • Civilian aircraft and aircraft engines: $99 billion. …
  • Auto parts, engines and car tires: $86 billion. …
  • Industrial machines: $57 billion.
  • Passenger cars: $53 billion.
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What are the main products of Singapore?

Singapore’s top three export and import commodities sections are machinery and transport equipment, chemicals and chemical products and miscellaneous manufactured articles.

What are Australia’s exports?

Singapore exports of goods and services as percentage of GDP is 175.89% and imports of goods and services as percentage of GDP is 147.63%.

What machinery does Singapore export?

Exports of commodity group 85 “Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles” amounted to 35% of total exports from Singapore (cumulative merchandise exports from Singapore totalled …

What food does Singapore export?

Top exports of processed foods to Singapore in 2020 included:

  • Fats And Oils.
  • Food Preparations & Ingredients.
  • Processed/Prepared Dairy Products.
  • Processed Vegetables & Pulses.
  • Snack Foods.
  • Alcoholic Beverages.
  • Chocolate And Confectionery.

Who is Singapore biggest 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

Does Singapore export or import more?

Singapore Exports and Imports of Product Groups 2019

Singapore Raw materials exports are worth US$ 3,675 million, product share of 0.94%. Singapore Raw materials imports are worth US$ 32,971 million, product share of 9.18%.

What type of economy does Singapore have?

Singapore’s highly developed free-market economy owes its success in large measure to its remarkably open and corruption-free business environment, prudent monetary and fiscal policies, and a transparent legal framework.

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What are New Zealands main exports?

The foundation of New Zealand’s economy is exporting agricultural commodities such as dairy products, meat, forest products, fruit and vegetables, and wine. Dairy is the lead export commodity. In 2020, New Zealand exports to the U.S. totaled US$4.2 billion, approximately 10% of New Zealand’s total exports.

What are the 5 biggest imports?

What Are the Major U.S. Imports?

  • Minerals, fuels, and oil – $241.4 billion.
  • Pharmaceuticals – $116.3 billion.
  • Medical equipment and supplies – $93.4 billion.
  • Furniture, Lighting, and Signs – $72.1 billion.
  • Plastics – $61.9 billion.
  • Gems and precious metals – $60.8 billion.
  • Organic chemicals – $54.6 billion.

What is the US largest export?

Transportation equipment was the top commodity exported by the US last year, accounting for almost 18% of the country’s total exports. This category includes aerospace products and parts, motor vehicles, railroad stock, and ships and boats.