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

1.00 GBP
British Pound
1.00 GBP = 1.7763 SGD
=
1.7763 SGD
Singapore Dollar
1.00 SGD = 0.56296 GBP

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 5,610,000
Area 719.1  km2 (277.6 sq mi)
km2 (176th)
Currency Singapore dollar
GDP
Languages, English, Malay, Mandarin, Tamil

1.73

Econ Complexity 8th of 185
1980
2014

$272B

Exports 20th of 220
1980
2014

$352B

Imports 15th of 220
1980
2014

$82.8k

GDP Per Capita 4th of 185
1990
2014

Singapore: Exports Profile

Exports from Singapore

Exports from Singapore: S$518.922 billion
Export commodities:Machinery and Equipment, Electronics and Telecommunications, Pharmaceuticals and Other Chemicals, Refined Petroleum Products
Top export destinations:Malaysia 12.2%, China 11.8%, Hong Kong 11.2%, Indonesia 9.9%, United States 5.8%, Japan 4.3%, South Korea 4.1%, Canada 3.7%
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 5,610,000
Area 719.1  km2 (277.6 sq mi)
km2 (176th)
Currency Singapore dollar
GDP
Languages, English, Malay, Mandarin, Tamil

1.73

Econ Complexity 8th of 185
1980
2014

$272B

Exports 20th of 220
1980
2014

$352B

Imports 15th of 220
1980
2014

$82.8k

GDP Per Capita 4th of 185
1990
2014
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