Summary
- Singapore → Taiwan
- $10billion
- Taiwan → Singapore
- $59.4billion
- Singapore’s balance
- -$49.5billion
Balance
Singapore’s trade balance with Taiwan
Trade between Singapore and Taiwan grew 7-fold since 1995
USD billions (current). Singapore’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 10
- Imports 59.4
- Balance -49.5
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $4.7 billion | $5.1 billion | -$371 million |
| 1996 | $4.8 billion | $5.3 billion | -$474 million |
| 1997 | $3.4 billion | $5.7 billion | -$2.3 billion |
| 1998 | $2.9 billion | $4 billion | -$1.1 billion |
| 1999 | $3.6 billion | $4.5 billion | -$975 million |
| 2000 | $4.8 billion | $6.1 billion | -$1.3 billion |
| 2001 | $3.3 billion | $4.9 billion | -$1.7 billion |
| 2002 | $3.7 billion | $5.5 billion | -$1.7 billion |
| 2003 | $4.2 billion | $6.6 billion | -$2.4 billion |
| 2004 | $4.6 billion | $10 billion | -$5.4 billion |
| 2005 | $5.2 billion | $9.1 billion | -$3.9 billion |
| 2006 | $5.4 billion | $9.8 billion | -$4.4 billion |
| 2007 | $5.2 billion | $16.8 billion | -$11.6 billion |
| 2008 | $5.3 billion | $18 billion | -$12.7 billion |
| 2009 | $5.3 billion | $12.5 billion | -$7.3 billion |
| 2010 | $8 billion | $16.8 billion | -$8.7 billion |
| 2011 | $8.5 billion | $20.1 billion | -$11.6 billion |
| 2012 | $8.8 billion | $25.1 billion | -$16.3 billion |
| 2013 | $9.2 billion | $28.5 billion | -$19.3 billion |
| 2014 | $9 billion | $29.5 billion | -$20.5 billion |
| 2015 | $8 billion | $24.3 billion | -$16.3 billion |
| 2016 | $8.3 billion | $23 billion | -$14.6 billion |
| 2017 | $17.1 billion | $27.9 billion | -$10.8 billion |
| 2018 | $9 billion | $30.4 billion | -$21.4 billion |
| 2019 | $8.6 billion | $31.4 billion | -$22.8 billion |
| 2020 | $9.6 billion | $35.1 billion | -$25.5 billion |
| 2021 | $12.8 billion | $49 billion | -$36.2 billion |
| 2022 | $12.9 billion | $55.6 billion | -$42.7 billion |
| 2023 | $9.9 billion | $47.2 billion | -$37.3 billion |
| 2024 | $10 billion | $59.4 billion | -$49.5 billion |
What they sell each other
What Singapore sells to Taiwan
The top 10 headings in 2024, with their share of the total.
What Taiwan sells to Singapore
The top 10 headings in 2024, with their share of the total.
How it travels
Singapore and Taiwan traded $69.4 billion in 2024 (both directions together). They trade mostly by air: 92% of the value travels by plane.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
Taiwan was Singapore’s 4th largest trading partner (9% of its trade), and Singapore was Taiwan’s 6th (7%).
- Taiwan in Singapore’s trade
- 9%
- Taiwan’s rank among Singapore’s partners
- 4th
- Singapore in Taiwan’s trade
- 7.4%
- Singapore’s rank among Taiwan’s partners
- 6th
Compare with
Other partners of Singapore
Other partners of Taiwan
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.
Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.