How much does Singapore trade with China?
By Rachel Newton
How much does Singapore trade with China?
Singapore Exports to China was US$51.61 Billion during 2020, according to the United Nations COMTRADE database on international trade. Singapore Exports to China – data, historical chart and statistics – was last updated on November of 2021.
Who is Singapore’s largest trading partner?
Singapore top 5 Export and Import partners
| Market | Trade (US$ 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 |
What does Singapore import from China?
| Singapore Imports from China | Value | Year |
|---|---|---|
| Electrical, electronic equipment | $19.98B | 2020 |
| Machinery, nuclear reactors, boilers | $10.38B | 2020 |
| Mineral fuels, oils, distillation products | $4.95B | 2020 |
| Optical, photo, technical, medical apparatus | $1.36B | 2020 |
Is China Singapore’s largest trading partner?
Since 2013, China has been Singapore’s largest trading partner, and Singapore has been China’s largest foreign investor.
Who is China’s largest investor?
The country is the largest recipient in Asia and the leading investing country in terms of FDI outflows. China’s main investors have remained broadly stable….FDI STOCKS BY COUNTRY AND BY INDUSTRY.
| Main Investing Countries | 2019, in % |
|---|---|
| The Mainland of China | 69.7 |
| Singapore | 5.5 |
| South Korea | 4.0 |
| Virgin Islands | 3.6 |
What is Singapore’s main export?
machinery and equipment
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).
Does Singapore have a trade deficit with China?
Singapore-China bilateral trade has made steady contributions to Singapore’s economic growth. In 2020, Singapore’s trade surplus with China grew as its export growth to China outstripped import growth from China. Singapore’s trade surplus with China in 2020 was S$5.48 billion, up from S$3.53 billion in 2019.
What is Singapore main export?
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.
How much did Singapore invest in China?
This statistic depict Singapore’s portfolio investment assets in China from 2008 to 2020. In 2020, the investment assets amounted to 262.76 billion Singapore dollars.
Which country invests most in Singapore?
The United States
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.
What is the China-Singapore Trade Agreement?
The signing of the Agreement is a new milestone in the development of bilateral relations between China and Singapore. It will further promote the development of China-Singapore bilateral economic and trade relations and will have a positive impact on the East Asian economic integration process.
What is the China-Singapore Free Trade Area?
China – Singapore Free Trade Area negotiations started in August 2006, after eight rounds of hard and frank consultations, the two sides in September 2008 the successful conclusion of the negotiations. The Agreement covers a wide range of areas such as trade in goods, trade in services, movement of people, customs procedures and so on.
What is the relationship like between China and Singapore?
China-Singapore Free Trade Agreement (CSFTA) The China-Singapore Free Trade Agreement (CSFTA) marks Singapore as the first Asian country to have a comprehensive bilateral Free Trade Agreement (FTA) with China. This is a major milestone in Singapore’s relationship with China since diplomatic ties were officially established in 1990.
In 2017, Singapore’s largest trading partner was China, and Singapore was China’s top foreign investor from 2013 to 2017. In 2017 alone, Singapore invested US$4.8 billion (S$6.6 billion) in China.
