Singapore Trade Balance 1960-2022

External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.
  • Singapore trade balance for 2021 was $124.50B, a 13.72% increase from 2020.
  • Singapore trade balance for 2020 was $109.48B, a 1.45% increase from 2019.
  • Singapore trade balance for 2019 was $107.91B, a 0.83% decline from 2018.
  • Singapore trade balance for 2018 was $108.82B, a 20.06% increase from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
Germany $233.64B
Ireland $200.85B
Singapore $124.50B
Switzerland $120.17B
Netherlands $112.12B
Saudi Arabia $86.87B
Australia $67.07B
South Korea $66.20B
Norway $60.09B
Italy $50.75B
Luxembourg $30.68B
Poland $28.29B
Sweden $27.31B
Denmark $26.63B
Spain $21.53B
Israel $21.39B
Hong Kong $17.46B
Argentina $15.59B
Czech Republic $8.61B
Belgium $8.01B
Austria $4.32B
Macao $3.71B
Uruguay $3.65B
Slovenia $3.27B
Canada $3.09B
Lithuania $2.75B
Malta $2.30B
Brunei $1.85B
Bermuda $1.78B
Hungary $1.38B
Finland $0.70B
Cyprus $0.30B
Estonia $0.10B
Seychelles $-0.33B
Iceland $-0.54B
Croatia $-0.65B
Slovak Republic $-0.74B
Latvia $-0.81B
Bahamas $-1.64B
Chile $-2.06B
Portugal $-7.48B
Greece $-17.14B
United Kingdom $-40.03B
France $-60.84B
Singapore Trade Balance - Historical Data
Year Billions of US $ % of GDP
2021 $124.50B 31.36%
2020 $109.48B 31.71%
2019 $107.91B 28.74%
2018 $108.82B 28.86%
2017 $90.63B 26.41%
2016 $83.57B 26.21%
2015 $84.08B 27.30%
2014 $73.80B 23.44%
2013 $71.09B 23.11%
2012 $71.49B 24.23%
2011 $76.98B 27.56%
2010 $63.10B 26.31%
2009 $45.62B 23.50%
2008 $40.00B 20.66%
2007 $56.58B 31.27%
2006 $45.65B 30.71%
2005 $38.20B 29.89%
2004 $30.35B 26.38%
2003 $27.30B 27.95%
2002 $17.05B 18.43%
2001 $14.81B 16.50%
2000 $11.85B 12.34%
1999 $14.67B 17.01%
1998 $18.43B 21.50%
1997 $14.75B 14.73%
1996 $15.77B 16.38%
1995 $14.74B 16.78%
1994 $11.92B 16.17%
1993 $5.99B 9.88%
1992 $6.33B 12.14%
1991 $6.00B 13.20%
1990 $3.63B 10.05%
1989 $3.36B 11.02%
1988 $2.43B 9.56%
1987 $0.62B 2.97%
1986 $0.49B 2.64%
1985 $0.06B 0.30%
1984 $-0.04B -0.20%
1983 $0.10B 0.58%
1982 $-0.29B -1.83%
1981 $-0.48B -3.41%
1980 $-0.82B -6.92%
1979 $-0.53B -5.66%
1978 $-0.28B -3.73%
1977 $-0.10B -1.47%
1976 $-0.44B -6.94%
1975 $-0.53B -9.33%
1974 $-0.78B -15.02%
1973 $-0.33B -9.06%
1972 $-0.42B -15.58%
1971 $-0.46B -20.37%
1970 $-0.37B -19.01%
1969 $-0.16B -9.45%
1968 $-0.08B -5.48%
1967 $-0.09B -7.35%
1966 $-0.08B -7.22%
1965 $-0.11B -11.07%
1964 $-0.10B -10.86%
1963 $-0.13B -14.57%
1962 $-0.09B -10.40%
1961 $-0.11B -14.56%
1960 $-0.10B -13.66%