Singapore: Trade openness

* indicates monthly or quarterly data series
 Singapore

Trade openness: exports plus imports as percent of GDP

 Latest value 355.58
 Year 2022
 Measure percent
 Data availability 1960 - 2022
 Average 329.72
 Min - Max 229.05 - 437.33
 Source The World Bank
For that indicator, we provide data for Singapore from 1960 to 2022. The average value for Singapore during that period was 329.72 percent with a minimum of 229.05 percent in 1972 and a maximum of 437.33 percent in 2008. The latest value from 2022 is 355.58 percent. For comparison, the world average in 2022 based on 157 countries is 100.30 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 - Trade openness - Recent values chart

Historical chart
Singapore - Trade openness - historical chart - 1960-2022




Definition: Exports plus imports as percent of GDP.

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 Related indicators Latest value Reference Measure
 Terms of trade 93.61 2021 percent
 Trade openness 355.58 2022 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 186.55 2022 percent
 Exports, billion dollars 873.99 2023 billion U.S. dollars
 Growth of exports -1.30 2022 percent
 Imports, percent of GDP 150.31 2022 percent
 Imports, billion dollars 686.66 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 30.17 2022 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 36.24 2022 percent
 Trade balance, in dollars 187.33 2023 billion U.S. dollars
 Reserves 296.63 2022 billion U.S. dollars
 Remittances, percent of GDP 0.00 2022 percent
 Remittances 0.00 2022 million U.S. dollars
 Net errors and omissions -2,758.71 2023 million USD
 Foreign exchange reserves 460.50 9/2023 billion
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