Merchandise exports by the reporting economy in Singapore
Singapore: Merchandise exports by the reporting economy was 475.78 billion current US$ in 2023. ◆ Volatile
Latest (2023)
475.78 billion current US$
Change on year
down 7.8%
World rank
14th
of 206 countries
All-time high
515.77 billion current US$
in 2022
All-time low
145.14 million current US$
in 1963
Years of data
59
1960–2023
Merchandise exports by the reporting economy in Singapore, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
In 2023, merchandise exports by the reporting economy in Singapore stood at 475.78 billion current US$.
Compared with earlier readings it is down 7.8% on the previous year and up 16.3% over ten years.
Over the whole period, merchandise exports by the reporting economy in Singapore peaked at 515.77 billion current US$ in 2022 and was at its lowest, 145.14 million current US$, in 1963.
That places Singapore 14th out of 206 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports by the reporting economy in Singapore, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 184.92 million current US$ | — |
| 1962 | 158.63 million current US$ | -14.2% |
| 1963 | 145.14 million current US$ | -8.5% |
| 1968 | 1.20 billion current US$ | +728.0% |
| 1969 | 1.45 billion current US$ | +20.6% |
| 1970 | 1.44 billion current US$ | -0.4% |
| 1971 | 1.65 billion current US$ | +14.4% |
| 1972 | 2.07 billion current US$ | +25.6% |
| 1973 | 3.46 billion current US$ | +66.7% |
| 1974 | 5.51 billion current US$ | +59.3% |
| 1975 | 5.13 billion current US$ | -6.8% |
| 1976 | 6.27 billion current US$ | +22.2% |
| 1977 | 7.85 billion current US$ | +25.2% |
| 1978 | 9.68 billion current US$ | +23.3% |
| 1979 | 13.59 billion current US$ | +40.4% |
| 1980 | 18.53 billion current US$ | +36.4% |
| 1981 | 20.14 billion current US$ | +8.7% |
| 1982 | 20.03 billion current US$ | -0.6% |
| 1983 | 21.03 billion current US$ | +5.0% |
| 1984 | 23.17 billion current US$ | +10.2% |
| 1985 | 22.00 billion current US$ | -5.0% |
| 1986 | 21.69 billion current US$ | -1.4% |
| 1987 | 27.60 billion current US$ | +27.2% |
| 1988 | 37.93 billion current US$ | +37.4% |
| 1989 | 43.27 billion current US$ | +14.1% |
| 1990 | 50.76 billion current US$ | +17.3% |
| 1991 | 57.09 billion current US$ | +12.5% |
| 1992 | 61.54 billion current US$ | +7.8% |
| 1993 | 72.47 billion current US$ | +17.8% |
| 1994 | 95.33 billion current US$ | +31.5% |
| 1995 | 117.61 billion current US$ | +23.4% |
| 1996 | 124.49 billion current US$ | +5.8% |
| 1997 | 125.14 billion current US$ | +0.5% |
| 1998 | 109.70 billion current US$ | -12.3% |
| 1999 | 114.58 billion current US$ | +4.5% |
| 2000 | 137.67 billion current US$ | +20.1% |
| 2001 | 121.54 billion current US$ | -11.7% |
| 2002 | 124.86 billion current US$ | +2.7% |
| 2003 | 159.60 billion current US$ | +27.8% |
| 2004 | 198.05 billion current US$ | +24.1% |
| 2005 | 228.68 billion current US$ | +15.5% |
| 2006 | 271.08 billion current US$ | +18.5% |
| 2007 | 298.07 billion current US$ | +10.0% |
| 2008 | 336.57 billion current US$ | +12.9% |
| 2009 | 268.31 billion current US$ | -20.3% |
| 2010 | 350.10 billion current US$ | +30.5% |
| 2011 | 402.32 billion current US$ | +14.9% |
| 2012 | 406.13 billion current US$ | +0.9% |
| 2013 | 409.10 billion current US$ | +0.7% |
| 2014 | 406.72 billion current US$ | -0.6% |
| 2015 | 349.40 billion current US$ | -14.1% |
| 2016 | 329.37 billion current US$ | -5.7% |
| 2017 | 365.92 billion current US$ | +11.1% |
| 2018 | 412.78 billion current US$ | +12.8% |
| 2019 | 390.52 billion current US$ | -5.4% |
| 2020 | 287.80 billion current US$ | -26.3% |
| 2021 | 457.22 billion current US$ | +58.9% |
| 2022 | 515.77 billion current US$ | +12.8% |
| 2023 | 475.78 billion current US$ | -7.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 627.94 million current US$ | 145.14 million current US$ | 1.45 billion current US$ | 5 |
| 1970s | 5.66 billion current US$ | 1.44 billion current US$ | 13.59 billion current US$ | 10 |
| 1980s | 25.54 billion current US$ | 18.53 billion current US$ | 43.27 billion current US$ | 10 |
| 1990s | 92.87 billion current US$ | 50.76 billion current US$ | 125.14 billion current US$ | 10 |
| 2000s | 214.44 billion current US$ | 121.54 billion current US$ | 336.57 billion current US$ | 10 |
| 2010s | 382.24 billion current US$ | 329.37 billion current US$ | 412.78 billion current US$ | 10 |
| 2020s | 434.14 billion current US$ | 287.80 billion current US$ | 515.77 billion current US$ | 4 |
Countries ranked near Singapore
- 11 Canada 567.83 billion current US$ compare
- 12 Belgium 562.55 billion current US$ compare
- 13 United Kingdom of Great Britain and Northern Ireland 487.27 billion current US$ compare
- 15 Russian Federation 455.15 billion current US$ compare
- 16 India 429.09 billion current US$ compare
- 17 Switzerland 420.01 billion current US$ compare
More private sector data for Singapore
- Merchandise trade 177.6% (2025)
- Food imports 3.7% (2024)
- Manufactures imports 70.9% (2024)
- Merchandise imports 505.84 billion current US$ (2025)
- Food exports 2.8% (2024)
- Manufactures exports 74.5% (2024)
- Merchandise exports 566.87 billion current US$ (2025)
- Merchandise exports (current US$), per capita 92,760 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.9387 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 12.11 % change on previous year (2025)
Frequently asked questions
- What is merchandise exports by the reporting economy in Singapore?
- Merchandise exports by the reporting economy in Singapore was 475.78 billion current US$ in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports by the reporting economy recorded in Singapore?
- The highest recorded value was 515.77 billion current US$ in 2022.
- What is the lowest merchandise exports by the reporting economy recorded in Singapore?
- The lowest recorded value was 145.14 million current US$ in 1963.
- How does Singapore rank for merchandise exports by the reporting economy?
- Singapore ranks 14th out of 206 countries with data for 2023.
- Is merchandise exports by the reporting economy rising or falling in Singapore?
- Over the last ten years it is up 16.3%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports by the reporting economy (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 59 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.