Merchandise exports to high-income economies in Singapore
Singapore: Merchandise exports to high-income economies was 49.8% in 2023. ▼ Falling
Merchandise exports to high-income economies in Singapore, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
The most recent figure for merchandise exports to high-income economies in Singapore is 49.8%, measured in 2023.
That represents a change of down 1.4% on the previous year and up 1.8% over ten years.
Over the whole period, merchandise exports to high-income economies in Singapore peaked at 76.7% in 1963 and was at its lowest, 46.9%, in 1968.
Singapore ranks 141st of 206 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 59 years of available data.
Merchandise exports to high-income economies in Singapore, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1960 | 58.9% | — |
| 1962 | 69.7% | +18.2% |
| 1963 | 76.7% | +10.1% |
| 1968 | 46.9% | -38.8% |
| 1969 | 49.8% | +6.1% |
| 1970 | 56.0% | +12.5% |
| 1971 | 55.7% | -0.5% |
| 1972 | 60.2% | +8.0% |
| 1973 | 64.7% | +7.5% |
| 1974 | 65.2% | +0.8% |
| 1975 | 65.7% | +0.7% |
| 1976 | 70.2% | +7.0% |
| 1977 | 69.1% | -1.6% |
| 1978 | 66.3% | -4.0% |
| 1979 | 65.6% | -1.1% |
| 1980 | 62.6% | -4.6% |
| 1981 | 63.9% | +2.2% |
| 1982 | 61.9% | -3.2% |
| 1983 | 61.7% | -0.3% |
| 1984 | 64.0% | +3.8% |
| 1985 | 64.6% | +0.9% |
| 1986 | 66.1% | +2.4% |
| 1987 | 68.2% | +3.2% |
| 1988 | 68.1% | -0.2% |
| 1989 | 68.4% | +0.5% |
| 1990 | 68.7% | +0.4% |
| 1991 | 67.9% | -1.1% |
| 1992 | 69.3% | +1.9% |
| 1993 | 67.0% | -3.3% |
| 1994 | 63.3% | -5.4% |
| 1995 | 62.9% | -0.7% |
| 1996 | 63.6% | +1.1% |
| 1997 | 64.3% | +1.1% |
| 1998 | 66.3% | +3.1% |
| 1999 | 64.8% | -2.3% |
| 2000 | 62.7% | -3.1% |
| 2001 | 62.3% | -0.7% |
| 2002 | 61.3% | -1.7% |
| 2003 | 55.9% | -8.8% |
| 2004 | 55.0% | -1.6% |
| 2005 | 53.8% | -2.3% |
| 2006 | 52.6% | -2.1% |
| 2007 | 51.3% | -2.6% |
| 2008 | 50.3% | -2.0% |
| 2009 | 51.8% | +3.0% |
| 2010 | 50.7% | -2.0% |
| 2011 | 50.0% | -1.5% |
| 2012 | 49.9% | -0.1% |
| 2013 | 48.9% | -2.0% |
| 2014 | 48.3% | -1.2% |
| 2015 | 48.9% | +1.1% |
| 2016 | 51.3% | +5.0% |
| 2017 | 49.9% | -2.7% |
| 2018 | 50.2% | +0.6% |
| 2019 | 50.4% | +0.4% |
| 2020 | 53.7% | +6.5% |
| 2021 | 51.2% | -4.6% |
| 2022 | 50.5% | -1.4% |
| 2023 | 49.8% | -1.4% |
Singapore compared with similar countries
- Singapore's 49.8% is below the median for high income countries, which is 80.7%, 62% of the median. (74 countries reporting)
- Singapore's 49.8% is below the median for East Asia & Pacific, which is 59.1%, 84% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports to high-income economies in Singapore changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1968 | -38.8% | 76.7% | 46.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 60.4% | 46.9% | 76.7% | 5 |
| 1970s | 63.9% | 55.7% | 70.2% | 10 |
| 1980s | 65.0% | 61.7% | 68.4% | 10 |
| 1990s | 65.8% | 62.9% | 69.3% | 10 |
| 2000s | 55.7% | 50.3% | 62.7% | 10 |
| 2010s | 49.9% | 48.3% | 51.3% | 10 |
| 2020s | 51.3% | 49.8% | 53.7% | 4 |
Countries ranked near Singapore
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 to high-income economies in Singapore?
- Merchandise exports to high-income economies in Singapore was 49.8% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to high-income economies recorded in Singapore?
- The highest recorded value was 76.7% in 1963.
- What is the lowest merchandise exports to high-income economies recorded in Singapore?
- The lowest recorded value was 46.9% in 1968.
- How does Singapore rank for merchandise exports to high-income economies?
- Singapore ranks 141st out of 206 countries with data for 2023.
- Is merchandise exports to high-income economies rising or falling in Singapore?
- Over the last ten years it is up 1.8%. The long-run trend across the full record is falling.
- Where does this Singapore data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports to high-income economies (% of total merchandise exports). 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 to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.