Merchandise imports from high-income economies in Singapore
Singapore: Merchandise imports from high-income economies was 60.3% in 2023. ▼ Falling
Merchandise imports from high-income economies in Singapore, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
Singapore recorded 60.3% for merchandise imports from high-income economies in 2023.
The figure is up 1.9% on the previous year and up 0.6% over ten years.
Over the whole period, merchandise imports from high-income economies in Singapore peaked at 82.2% in 1962 and was at its lowest, 56.1%, in 2020.
Singapore ranks 99th 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 imports from high-income economies in Singapore, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 79.2% | — |
| 1962 | 82.2% | +3.9% |
| 1963 | 78.4% | -4.7% |
| 1968 | 57.2% | -27.0% |
| 1969 | 58.7% | +2.6% |
| 1970 | 66.1% | +12.5% |
| 1971 | 69.6% | +5.4% |
| 1972 | 69.9% | +0.3% |
| 1973 | 68.9% | -1.4% |
| 1974 | 70.9% | +2.9% |
| 1975 | 72.2% | +1.9% |
| 1976 | 71.2% | -1.4% |
| 1977 | 71.0% | -0.3% |
| 1978 | 72.4% | +1.9% |
| 1979 | 72.1% | -0.3% |
| 1980 | 76.4% | +5.9% |
| 1981 | 78.7% | +2.9% |
| 1982 | 74.1% | -5.8% |
| 1983 | 74.2% | +0.0% |
| 1984 | 73.4% | -1.0% |
| 1985 | 66.6% | -9.3% |
| 1986 | 70.7% | +6.1% |
| 1987 | 74.0% | +4.7% |
| 1988 | 74.3% | +0.4% |
| 1989 | 76.5% | +2.9% |
| 1990 | 75.9% | -0.7% |
| 1991 | 73.8% | -2.8% |
| 1992 | 73.6% | -0.2% |
| 1993 | 71.7% | -2.6% |
| 1994 | 71.5% | -0.2% |
| 1995 | 71.7% | +0.3% |
| 1996 | 71.7% | -0.0% |
| 1997 | 70.5% | -1.7% |
| 1998 | 68.9% | -2.3% |
| 1999 | 68.0% | -1.3% |
| 2000 | 66.6% | -2.1% |
| 2001 | 65.4% | -1.8% |
| 2002 | 62.8% | -4.0% |
| 2003 | 59.3% | -5.5% |
| 2004 | 58.8% | -0.9% |
| 2005 | 58.8% | +0.0% |
| 2006 | 57.9% | -1.6% |
| 2007 | 58.2% | +0.6% |
| 2008 | 60.2% | +3.3% |
| 2009 | 59.5% | -1.1% |
| 2010 | 58.4% | -1.9% |
| 2011 | 60.3% | +3.3% |
| 2012 | 61.1% | +1.3% |
| 2013 | 59.9% | -2.0% |
| 2014 | 60.2% | +0.6% |
| 2015 | 58.8% | -2.4% |
| 2016 | 58.6% | -0.4% |
| 2017 | 59.3% | +1.2% |
| 2018 | 59.7% | +0.7% |
| 2019 | 58.7% | -1.8% |
| 2020 | 56.1% | -4.3% |
| 2021 | 58.1% | +3.5% |
| 2022 | 59.1% | +1.8% |
| 2023 | 60.3% | +1.9% |
Singapore compared with similar countries
- Singapore's 60.3% is below the median for high income countries, which is 78.4%, 77% of the median. (74 countries reporting)
- Singapore's 60.3% is above the median for East Asia & Pacific, which is 59.6%, 1.0× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Merchandise imports from 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 | -27.0% | 78.4% | 57.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 71.1% | 57.2% | 82.2% | 5 |
| 1970s | 70.4% | 66.1% | 72.4% | 10 |
| 1980s | 73.9% | 66.6% | 78.7% | 10 |
| 1990s | 71.8% | 68.0% | 75.9% | 10 |
| 2000s | 60.7% | 57.9% | 66.6% | 10 |
| 2010s | 59.5% | 58.4% | 61.1% | 10 |
| 2020s | 58.4% | 56.1% | 60.3% | 4 |
Countries ranked near Singapore
- 96 Costa Rica 61.4% compare
- 97 Lebanon 61.3% compare
- 98 Kuwait 60.3% compare
- 100 Dominican Republic 60.2% compare
- 101 Georgia 59.7% compare
- 102 Papua New Guinea 58.9% 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 imports from high-income economies in Singapore?
- Merchandise imports from high-income economies in Singapore was 60.3% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from high-income economies recorded in Singapore?
- The highest recorded value was 82.2% in 1962.
- What is the lowest merchandise imports from high-income economies recorded in Singapore?
- The lowest recorded value was 56.1% in 2020.
- How does Singapore rank for merchandise imports from high-income economies?
- Singapore ranks 99th out of 206 countries with data for 2023.
- Is merchandise imports from high-income economies rising or falling in Singapore?
- Over the last ten years it is up 0.6%. 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 imports from high-income economies (% of total merchandise imports). 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 imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.