The net trade in goods and services in Singapore increased by 3.4 billion U.S. dollars (+1.8 percent) in 2024. In total, the net trade amounted to 192.58 billion U.S. dollars in 2024. Net trade in goods and services is calculated from the difference between imports and exports of goods and services. This comprises of all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world.
Net trade in goods and services in Singapore from 2015 to 2024
(in billion U.S. dollars)
Characteristic
Net trade in goods and services in billion U.S. dollars
2024
192.58
2023
189.18
2022
202.99
2021
158.31
2020
110.07
2019
110.55
2018
112.38
2017
91.72
2016
83.94
2015
84.08
Created with Highcharts 7.2.2Net trade in goods and services in billion U.S. dollars84.0884.0883.9483.9491.7291.72112.38112.38110.55110.55110.07110.07158.31158.31202.99202.99189.18189.18192.58192.582015201620172018201920202021202220232024
050100150200250
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Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world.
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World Bank. (March 24, 2025). Net trade in goods and services in Singapore from 2015 to 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 15, 2025, from https://www.statista.com/statistics/777652/net-trade-in-goods-and-services-singapore/
World Bank. "Net trade in goods and services in Singapore from 2015 to 2024 (in billion U.S. dollars)." Chart. March 24, 2025. Statista. Accessed July 15, 2025. https://www.statista.com/statistics/777652/net-trade-in-goods-and-services-singapore/
World Bank. (2025). Net trade in goods and services in Singapore from 2015 to 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 15, 2025. https://www.statista.com/statistics/777652/net-trade-in-goods-and-services-singapore/
World Bank. "Net Trade in Goods and Services in Singapore from 2015 to 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 24 Mar 2025, https://www.statista.com/statistics/777652/net-trade-in-goods-and-services-singapore/
World Bank, Net trade in goods and services in Singapore from 2015 to 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/777652/net-trade-in-goods-and-services-singapore/ (last visited July 15, 2025)
Net trade in goods and services in Singapore from 2015 to 2024 (in billion U.S. dollars) [Graph], World Bank, March 24, 2025. [Online]. Available: https://www.statista.com/statistics/777652/net-trade-in-goods-and-services-singapore/
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