Singapore: Terms of trade

* indicates monthly or quarterly data series
 Singapore

Terms of trade, base year = 2000

 Latest value 93.61
 Year 2021
 Measure percent
 Data availability 1980 - 2021
 Average 114.17
 Min - Max 91.2 - 150.55
 Source The United Nations
For that indicator, we provide data for Singapore from 1980 to 2021. The average value for Singapore during that period was 114.17 percent with a minimum of 91.2 percent in 2020 and a maximum of 150.55 percent in 1982. The latest value from 2021 is 93.61 percent. For comparison, the world average in 2021 based on 189 countries is 109.62 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Singapore - Terms of trade - recent values

Historical chart
Singapore - Terms of trade - historical chart - 1980-2021




The terms of trade for Singapore are calculated as the value of its exports as percent of the value of its imports. An increase in the terms of trade means that the value of exports is increasing relative to the value of imports. The country can afford to buy more imports with the revenue from its exports. For example, an increase in the price of oil increases (improves) the terms of trade for the oil-exporting countries and lowers it for the other countries.
Definition: Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2015.


 Related indicators Latest value Reference Measure
 Terms of trade 93.61 2021 percent
 Trade openness 336.86 2022 percent
 Exports, percent of GDP 186.55 2022 percent
 Exports, billion dollars 870.81 2022 billion U.S. dollars
 Growth of exports -1.30 2022 percent
 Imports, percent of GDP 150.31 2022 percent
 Imports, billion dollars 701.63 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 30.17 2022 percent
 Foreign Direct Investment, billion dollars 140.84 2022 billion U.S. dollars
 Portfolio investment inflows, equities 7,744.51 2022 million dollars (current)
 Current account, percent of GDP 19.33 2022 percent
 Current account, in dollars 90.24 2022 billion U.S. dollars
 Trade balance, percent of GDP 36.24 2022 percent
 Trade balance, in dollars 169.18 2022 billion U.S. dollars
 Reserves 296.63 2022 billion U.S. dollars
 Remittances, percent of GDP 0.00 2022 percent
 Net errors and omissions -1,785.42 2022 million USD
 Foreign exchange reserves 460.50 9/2023 billion
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