Importing from Singapore

Singapore Import Guide | Trade Finance Global

Importing from Singapore

Owing to its stable government and effective systems, Singapore has been considered as the easiest place to start and do business by the World Bank.

Due to its open trade policy, more than 99% of all imports entering Singapore are duty-free. However due to certain social and environmental regulations, high taxes are charged on beer, liquor, tobacco products and motor vehicles. Resources are scarce in Singapore that is why it follows a concept of intermediary trade and imports refined petroleum ($69 billion), integrated circuits ($54 billion), crude petroleum ($33 billion), computers ($7.5 billion) and gas turbines ($6.7 billion). These materials are obtained from China ($42 billion), Malaysia ($40 billion), and the United States ($31 billion) to name a few. Singapore imports these items to manufacture and refine them for re-exporting.

Importing from Singapore? Contact our local experts


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Country Profile

CapitalRepublic of SingaporeRepublik Singapura(Malay)??????(Chinese)??????????? ????????(Tamil) Flag Coat of arms Motto:"Majulah Singapura"(Malay)"Onward, Singapore" Anthem:Majulah Singapura"Onward, Singapore" Location of Singapore(red) Singapore (city-state)
Population 5,607,300
Area 719.9  km2 (278.0 sq mi)
km2 (176th)
Currency Singapore dollar
GDP
Languages, English, Malay, Mandarin, Tamil

2.13

Econ Complexity 3rd of 89
1980
2016

$315B

Exports 14th of 120
1980
2016

$259B

Imports 17th of 120
1980
2016

$87.9k

GDP Per Capita 1st of 89
1990
2016

Singapore: Exports Profile

Exports from Singapore

Exports from Singapore: US$329.7 billion
Export commodities:Machinery and Equipment, Electronics and Telecommunications, Pharmaceuticals and Other Chemicals, Refined Petroleum Products
Top export destinations:
GDP growth (annual %)

Importing from Singapore? Contact our local experts

Country Profile

CapitalRepublic of SingaporeRepublik Singapura(Malay)??????(Chinese)??????????? ????????(Tamil) Flag Coat of arms Motto:"Majulah Singapura"(Malay)"Onward, Singapore" Anthem:Majulah Singapura"Onward, Singapore" Location of Singapore(red) Singapore (city-state)
Population 5,607,300
Area 719.9  km2 (278.0 sq mi)
km2 (176th)
Currency Singapore dollar
GDP
Languages, English, Malay, Mandarin, Tamil

2.13

Econ Complexity 3rd of 89
1980
2016

$315B

Exports 14th of 120
1980
2016

$259B

Imports 17th of 120
1980
2016

$87.9k

GDP Per Capita 1st of 89
1990
2016
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