Merchandise imports by the reporting economy in Singapore
Singapore: Merchandise imports by the reporting economy was 423.28 billion current US$ in 2023. ◆ Volatile
Latest (2023)
423.28 billion current US$
Change on year
down 11.0%
World rank
16th
of 206 countries
All-time high
475.81 billion current US$
in 2022
All-time low
429.23 million current US$
in 1960
Years of data
59
1960–2023
Merchandise imports by the reporting economy in Singapore, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
In 2023, merchandise imports by the reporting economy in Singapore stood at 423.28 billion current US$.
The figure is down 11.0% on the previous year and up 13.6% over ten years.
Over the whole period, merchandise imports by the reporting economy in Singapore peaked at 475.81 billion current US$ in 2022 and was at its lowest, 429.23 million current US$, in 1960.
Singapore ranks 16th of 206 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy in Singapore, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 429.23 million current US$ | — |
| 1962 | 503.00 million current US$ | +17.2% |
| 1963 | 570.93 million current US$ | +13.5% |
| 1968 | 1.61 billion current US$ | +182.0% |
| 1969 | 1.97 billion current US$ | +22.5% |
| 1970 | 2.41 billion current US$ | +22.1% |
| 1971 | 2.78 billion current US$ | +15.4% |
| 1972 | 3.34 billion current US$ | +20.3% |
| 1973 | 5.08 billion current US$ | +51.9% |
| 1974 | 8.13 billion current US$ | +60.2% |
| 1975 | 7.92 billion current US$ | -2.7% |
| 1976 | 8.90 billion current US$ | +12.4% |
| 1977 | 10.37 billion current US$ | +16.4% |
| 1978 | 12.90 billion current US$ | +24.5% |
| 1979 | 17.42 billion current US$ | +35.0% |
| 1980 | 23.73 billion current US$ | +36.2% |
| 1981 | 27.28 billion current US$ | +14.9% |
| 1982 | 27.82 billion current US$ | +2.0% |
| 1983 | 27.84 billion current US$ | +0.1% |
| 1984 | 28.29 billion current US$ | +1.6% |
| 1985 | 25.99 billion current US$ | -8.1% |
| 1986 | 25.13 billion current US$ | -3.3% |
| 1987 | 32.19 billion current US$ | +28.1% |
| 1988 | 43.19 billion current US$ | +34.2% |
| 1989 | 48.85 billion current US$ | +13.1% |
| 1990 | 59.97 billion current US$ | +22.8% |
| 1991 | 65.12 billion current US$ | +8.6% |
| 1992 | 71.09 billion current US$ | +9.2% |
| 1993 | 84.33 billion current US$ | +18.6% |
| 1994 | 101.30 billion current US$ | +20.1% |
| 1995 | 123.60 billion current US$ | +22.0% |
| 1996 | 130.57 billion current US$ | +5.6% |
| 1997 | 132.32 billion current US$ | +1.3% |
| 1998 | 101.34 billion current US$ | -23.4% |
| 1999 | 110.92 billion current US$ | +9.4% |
| 2000 | 133.98 billion current US$ | +20.8% |
| 2001 | 115.63 billion current US$ | -13.7% |
| 2002 | 116.16 billion current US$ | +0.5% |
| 2003 | 135.96 billion current US$ | +17.0% |
| 2004 | 171.88 billion current US$ | +26.4% |
| 2005 | 198.38 billion current US$ | +15.4% |
| 2006 | 237.55 billion current US$ | +19.7% |
| 2007 | 261.71 billion current US$ | +10.2% |
| 2008 | 318.22 billion current US$ | +21.6% |
| 2009 | 244.38 billion current US$ | -23.2% |
| 2010 | 309.02 billion current US$ | +26.5% |
| 2011 | 359.95 billion current US$ | +16.5% |
| 2012 | 378.32 billion current US$ | +5.1% |
| 2013 | 372.56 billion current US$ | -1.5% |
| 2014 | 366.20 billion current US$ | -1.7% |
| 2015 | 296.98 billion current US$ | -18.9% |
| 2016 | 282.11 billion current US$ | -5.0% |
| 2017 | 323.69 billion current US$ | +14.7% |
| 2018 | 370.82 billion current US$ | +14.6% |
| 2019 | 359.18 billion current US$ | -3.1% |
| 2020 | 261.32 billion current US$ | -27.2% |
| 2021 | 406.27 billion current US$ | +55.5% |
| 2022 | 475.81 billion current US$ | +17.1% |
| 2023 | 423.28 billion current US$ | -11.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.02 billion current US$ | 429.23 million current US$ | 1.97 billion current US$ | 5 |
| 1970s | 7.92 billion current US$ | 2.41 billion current US$ | 17.42 billion current US$ | 10 |
| 1980s | 31.03 billion current US$ | 23.73 billion current US$ | 48.85 billion current US$ | 10 |
| 1990s | 98.06 billion current US$ | 59.97 billion current US$ | 132.32 billion current US$ | 10 |
| 2000s | 193.38 billion current US$ | 115.63 billion current US$ | 318.22 billion current US$ | 10 |
| 2010s | 341.88 billion current US$ | 282.11 billion current US$ | 378.32 billion current US$ | 10 |
| 2020s | 391.67 billion current US$ | 261.32 billion current US$ | 475.81 billion current US$ | 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$), annual growth rate 12.11 % change on previous year (2025)
Frequently asked questions
- What is merchandise imports by the reporting economy in Singapore?
- Merchandise imports by the reporting economy in Singapore was 423.28 billion current US$ in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports by the reporting economy recorded in Singapore?
- The highest recorded value was 475.81 billion current US$ in 2022.
- What is the lowest merchandise imports by the reporting economy recorded in Singapore?
- The lowest recorded value was 429.23 million current US$ in 1960.
- How does Singapore rank for merchandise imports by the reporting economy?
- Singapore ranks 16th out of 206 countries with data for 2023.
- Is merchandise imports by the reporting economy rising or falling in Singapore?
- Over the last ten years it is up 13.6%. 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 imports by the reporting economy (current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Merchandise imports by the reporting economy are the total merchandise imports by the reporting economy from the rest of the world, as reported in the IMF's Direction of trade database. Data are in current U.S. dollars.