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 91.20 - 150.55
 Source The United Nations
The latest value from 2021 is 93.61 percent, an increase from 91.2 percent in 2020. In comparison, the world average is 109.62 percent, based on data from 189 countries. Historically, the average for Singapore from 1980 to 2021 is 114.17 percent. The minimum value, 91.2 percent, was reached in 2020 while the maximum of 150.55 percent was recorded in 1982. 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 data
Singapore - Terms of trade - Recent values chart

Historical series
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.

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 175.24 2023 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 506.71 12/2024 billion
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