Singapore balance of trade


Singapore balance of trade: 4414.46 (-15.23%)
Last Update: October 31, 2024

Singapore balance of trade closed down 4414.46 as of October 31, 2024 from 5207.47 from the previous month and 6312.54 from last year.


Singapore balance of trade Analytics & Data




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Singapore balance of trade

Date Values
2024-10-31 4414.46
2024-09-30 5207.47
2024-08-31 6020.42
2024-07-31 6544.79
2024-06-30 3077.85
2024-05-31 4282.6
2024-04-30 4516.92
2024-03-31 4685.56
2024-02-29 5959.98
2024-01-31 7433.59
2023-12-31 7068.31
2023-11-30 5946.47
2023-10-31 6312.54
2023-09-30 5307.83
2023-08-31 3867.99
2023-07-31 6473.11
2023-06-30 6017.38
2023-05-31 5761.61
2023-04-30 5685.81
2023-03-31 6343.1
2023-02-28 6733.72
2023-01-31 6181.92
2022-12-31 5510.18
2022-11-30 3369.32

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Singapore balance of trade Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
balance of trade sg.balanceoftrade 4414.46 5207.47 -15 -30 Down Down 13 2024-10-31

Singapore balance of trade Quantitative Analysis, Charts & Factors

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Singapore balance of trade Historical Data

The MacroVar database offers free access to historical data for the Singapore balance of trade, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Singapore balance of trade data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Singapore balance of trade

The balance of trade in Singapore refers to the difference between the value of exports and imports of goods and services in the country. A positive balance of trade occurs when the value of exports exceeds the value of imports, resulting in a trade surplus. Conversely, a negative balance of trade occurs when the value of imports exceeds the value of exports, resulting in a trade deficit. Singapore has traditionally maintained a trade surplus due to its strong export-oriented economy, particularly in sectors such as electronics, pharmaceuticals, and financial services. This surplus has helped to strengthen the country's economy and maintain its position as a leading global trading hub.

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