Singapore: Growth of exports

* indicates monthly or quarterly data series
 Singapore

Exports of goods and services, annual growth

 Latest value 2.38
 Year 2023
 Measure percent
 Data availability 1961 - 2023
 Average 9.11
 Min - Max -17.94 - 34.46
 Source The World Bank
The latest value from 2023 is 2.38 percent, a decline from 3 percent in 2022. In comparison, the world average is 5.19 percent, based on data from 130 countries. Historically, the average for Singapore from 1961 to 2023 is 9.11 percent. The minimum value, -17.94 percent, was reached in 1964 while the maximum of 34.46 percent was recorded in 1968. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
Singapore - Growth of exports - Recent values chart

Historical series
Singapore - Growth of exports - historical chart - 1961-2023




Definition: Annual growth rate of exports of goods and services based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Terms of trade 93.61 2021 percent
 Trade openness 311.24 2023 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 174.30 2023 percent
 Exports, billion dollars 873.99 2023 billion U.S. dollars
 Growth of exports 2.38 2023 percent
 Imports, percent of GDP 136.94 2023 percent
 Imports, billion dollars 686.66 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 34.95 2023 percent
 Foreign Direct Investment, billion dollars 148.76 2022 billion U.S. dollars
 Portfolio investment inflows, equities 7,025.20 2023 million dollars (current)
 Current account, percent of GDP 19.77 2023 percent
 Current account, in dollars 99.13 2023 billion U.S. dollars
 Trade balance, percent of GDP 37.36 2023 percent
 Trade balance, in dollars 187.33 2023 billion U.S. dollars
 Reserves 359.83 2023 billion U.S. dollars
 Remittances, percent of GDP 0.00 2023 percent
 Remittances 0.00 2023 million U.S. dollars
 Net errors and omissions -2,758.71 2023 million USD
 Foreign exchange reserves 499.72 9/2024 billion
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