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Singapore Trade (% GDP)

Singapore's trade (% GDP) fell to 322.37% in 2024, down from 325.69% in 2023, according to World Bank. This represents a decrease of 3.32% from the previous year. Singapore has the 4th highest trade (% GDP). Other top countries are Luxembourg, San Marino, Hong Kong and Djibouti.

Yearly Historical Data (1960-2024)

(in %)
Year Trade (% GDP)
2024 322.37%
2023 325.69%
2022 332.35%
2021 329.16%
2020 332.04%
2019 324.39%
2018 326.6%
2017 316.79%
2016 302.84%
2015 329.47%
2014 360.47%
2013 367.04%
2012 369.21%
2011 379.1%
2010 369.69%
2009 358.19%
2008 437.33%
2007 394.29%
2006 425.36%
2005 420.43%
2004 401.52%
2003 377.22%
2002 349.75%
2001 349.29%
2000 364.36%
1999 336.48%
1998 312.08%
1997 323.86%
1996 334.91%
1995 345.46%
1994 316.22%
1993 313.42%
1992 311.31%
1991 323.89%
1990 344.33%
1989 347.57%
1988 359.87%
1987 325.04%
1986 294.83%
1985 304.14%
1984 313.12%
1983 333.15%
1982 372.54%
1981 399.78%
1980 410.94%
1979 375.01%
1978 334.6%
1977 326.98%
1976 305.9%
1975 283.57%
1974 313.96%
1973 245.73%
1972 229.05%
1971 259.3%
1970 271.06%
1969 273.7%
1968 256.8%
1967 235.93%
1966 253.78%
1965 257.54%
1964 255.03%
1963 296.88%
1962 286.64%
1961 299.4%
1960 339.31%
Singapore Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Singapore divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $475.35B $514.97B 2023
Annual Imports $422.42B $475.41B 2023
Balance of Trade SGD 5.9B SGD 5B Sep'25
Exports SGD 60.9B SGD 57.7B Sep'25
Exports (% GDP) 178.78% 181.56% 2024
FDI Inflows (% GDP) 27.76% 26.21% 2024
Imports SGD 55B SGD 52.7B Sep'25
Imports (% GDP) 143.6% 144.13% 2024
Net Trade (Goods & Services, BoP) $192.58B $189.18B 2024
Tariff Rate 0.05% 0.08% 2022