Singapore: Trade balance, in dollars

* indicates monthly or quarterly data series
 Singapore

Trade balance, billion USD

 Latest value 187.33
 Year 2023
 Measure billion U.S. dollars
 Data availability 1972 - 2023
 Average 36.83
 Min - Max -1.03 - 192.08
 Source The World Bank
The latest value from 2023 is 187.33 billion U.S. dollars, a decline from 192.08 billion U.S. dollars in 2022. In comparison, the world average is 4.81 billion U.S. dollars, based on data from 148 countries. Historically, the average for Singapore from 1972 to 2023 is 36.83 billion U.S. dollars. The minimum value, -1.03 billion U.S. dollars, was reached in 1980 while the maximum of 192.08 billion U.S. dollars was recorded in 2022. 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 - Trade balance, in dollars - Recent values chart

Historical series
Singapore - Trade balance, in dollars - historical chart - 1972-2023




Definition: Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.

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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