Exports: The top exports of Singapore are Integrated Circuits ($55.4B), Refined Petroleum ($43.1B), Gold ($11.5B), Gas Turbines ($10.3B), and Packaged Medicaments ($7.26B), exporting mostly to China ($45.8B), Hong Kong ($39.1B), Malaysia ($28.2B), United States ($24.8B), and Indonesia ($19.8B).
What are Singapore major exports?
Economy of Singapore
|Exports||US$626 billion (2020)|
|Export goods||Machinery and equipment Electronics and telecommunications Pharmaceuticals and other chemicals Refined petroleum products Chemical products|
|Main export partners||Hong Kong 13.8% China 11.35% European Union 9.78% Malaysia 9.29% United States 8.6% (2018)|
What are the top 5 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.
What are the major imports of Singapore?
Top 10 Singapore Imports from the US
- Machinery: $14.9 billion.
- Aircraft, spacecraft: $6.3 billion.
- Electronic equipment: $4.5 billion.
- Medical, technical equipment: $3.5 billion.
- Mineral fuels including oil: $3 billion.
- Plastics: $1.4 billion.
- Other chemical goods: $1.2 billion.
- Organic chemicals: $1 billion.
What goods and services does Singapore export?
The top export categories (2-digit HS) in 2019 were: aircraft ($6.1 billion), machinery ($5.3 billion), electrical machinery ($4.1 billion), optical and medical instruments ($3.1 billion), and mineral fuels ($2.9 billion). U.S. total exports of agricultural products to Singapore totaled $991 million in 2019.
Why are Singaporeans so rich?
The Singaporean government motivates free-trade, which aided the country in obtaining numerous international investment opportunities from multinational giant companies. Aside from this, the country is also considered as a regional hub for foreign exchange, where its GDP significantly benefits.
What products are Singapore known for?
Here are 11 things that Singapore is best known for.
- Being super clean. …
- Greenery amidst the city. …
- That ban on chewing gum. …
- The Marina Bay Skyline. …
- Fines and corporal punishment. …
- Inventing the Singapore Sling. …
- Year round summer (and stickiness) …
- The land of shopping malls.
What is America’s number 1 export?
Searchable List of America’s Most Valuable Export Products
|Rank||US Export Product||2020 Value (US$)|
|1||Processed petroleum oils||$60,709,450,000|
What 5 countries do we import the most from?
The United States imports half of its total volume from five countries: China, Canada, Mexico, Japan, and Germany. Although the United States can manufacture goods it imports, these exporting countries have the comparative advantage over it.
What country exports the most?
List by World Bank
What is the capital of Singapore?
Singapore, city, capital of the Republic of Singapore. It occupies the southern part of Singapore Island.
What products are in high demand in Singapore?
Our suggestions are high demand products in Singapore, based on data from Google Trends and in-house research.
12 Trending Products to Sell in Singapore in 2021 (Updated With New Items and Data!)
- Dresses. …
- Facial cleansers. …
- Perfumes & Colognes. …
- Shoes. …
- Household cleaning products. …
- Tea. …
- Mobile phone cases. …
- Action & Toy Figures.
Who is Singapore biggest trading partner?
Singapore top 5 Export and Import partners
|Market||Trade (US$ Mil)||Partner share(%)|
|Hong Kong, China||44,377||11.37|
Is Singapore a free trade country?
Singapore has an open economy which is driven by trade in goods and services. … Over the years, it has forged an extensive network of 26 implemented agreements.
Why is Singapore so successful?
With continuous strong economic growth, Singapore became one of the world’s most prosperous countries, with strong international trading links. Its port is one of the world’s busiest and with a per capita GDP above that of the leading nations of Western Europe.
Which country does Singapore export to?
|Singapore Exports By Country||Value||Year|