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Trade between Singapore and the United Kingdom

In 2024, Singapore exported $4.3 billion to the United Kingdom and imported $9.1 billion. Singapore ran a deficit of $4.9 billion with the United Kingdom, compared with a deficit of $6 billion in 2019. The United Kingdom was Singapore’s 16th largest trading partner (2% of its trade), and Singapore was the United Kingdom’s 22nd (1%).

Summary

Singapore → United Kingdom
$4.3billion
United Kingdom → Singapore
$9.1billion
Singapore’s balance
-$4.9billion

Balance

Singapore’s trade balance with the United Kingdom

Trade between Singapore and the United Kingdom grew 2-fold since 1995

USD billions (current). Singapore’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 4.3
  • Imports 9.1
  • Balance -4.9

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$3.6 billion$3.2 billion$346 million
1996$3.8 billion$3.5 billion$328 million
1997$4.5 billion$3.6 billion$880 million
1998$4 billion$2.7 billion$1.3 billion
1999$4.3 billion$2.6 billion$1.7 billion
2000$3.7 billion$2.8 billion$961 million
2001$2.8 billion$2.5 billion$356 million
2002$2.6 billion$2.4 billion$205 million
2003$4.1 billion$2.6 billion$1.5 billion
2004$5.9 billion$3.3 billion$2.6 billion
2005$6.6 billion$4.1 billion$2.6 billion
2006$6.5 billion$4.5 billion$2 billion
2007$7.1 billion$4.4 billion$2.8 billion
2008$5.7 billion$4.8 billion$842 million
2009$4.2 billion$4.2 billion-$14 million
2010$5 billion$5.1 billion-$127 million
2011$4.7 billion$6 billion-$1.3 billion
2012$4.7 billion$6.8 billion-$2.1 billion
2013$2.8 billion$7.7 billion-$4.9 billion
2014$2.1 billion$6.1 billion-$3.9 billion
2015$1.6 billion$5.6 billion-$4 billion
2016$2.2 billion$5.3 billion-$3.2 billion
2017$2.7 billion$5.3 billion-$2.6 billion
2018$2.8 billion$7.3 billion-$4.6 billion
2019$2.4 billion$8.4 billion-$6 billion
2020$2.8 billion$6.8 billion-$4 billion
2021$2 billion$6.8 billion-$4.8 billion
2022$2.4 billion$7.6 billion-$5.2 billion
2023$2.9 billion$8.2 billion-$5.3 billion
2024$4.3 billion$9.1 billion-$4.9 billion

What they sell each other

What Singapore sells to the United Kingdom

The top 10 headings in 2024, with their share of the total.

  1. Medicines in measured doses or retail packs$1.6 billion · 36.5%
    229 tonnes · Singapore’s destinations
  2. Gold$779 million · 18.3%
    10 tonnes · Singapore’s destinations
  3. Nitrogen heterocyclic compounds$170 million · 4%
    223 tonnes
  4. Orthopedic and hearing devices$128 million · 3%
    52 tonnes
  5. Turbojets and gas turbines$100 million · 2.4%
    63 tonnes · Singapore’s destinations
  6. Other plastic articles$84 million · 2%
    330 tonnes
  7. Refined petroleum$80 million · 1.9%
    60 thousand tonnes · Singapore’s destinations
  8. Massage and respiratory therapy devices$73 million · 1.7%
    418 tonnes
  9. Medical and dental instruments$72 million · 1.7%
    1 thousand tonnes · Singapore’s destinations
  10. Nucleic acids and other heterocycles$72 million · 1.7%
    25 tonnes

What the United Kingdom sells to Singapore

The top 10 headings in 2024, with their share of the total.

  1. Turbojets and gas turbines$4.8 billion · 52.2%
    2 thousand tonnes · the United Kingdom’s destinations
  2. Spirits$611 million · 6.7%
    27 thousand tonnes
  3. Aircraft parts$217 million · 2.4%
    155 tonnes
  4. Gold$214 million · 2.3%
    4 tonnes · the United Kingdom’s destinations
  5. Crude petroleum$210 million · 2.3%
    392 thousand tonnes · the United Kingdom’s destinations
  6. Refined petroleum$121 million · 1.3%
    145 thousand tonnes · the United Kingdom’s destinations
  7. Cars$115 million · 1.3%
    4 thousand tonnes · the United Kingdom’s destinations
  8. Dredgers and floating cranes$105 million · 1.2%
    5 thousand tonnes
  9. Valves and taps$91 million · 0.99%
    2 thousand tonnes
  10. Physical and chemical analysis instruments$84 million · 0.92%
    178 tonnes

How it travels

Singapore and the United Kingdom traded $13.4 billion in 2024 (both directions together). They trade mostly by air: 81% of the value travels by plane.

Split by transport mode

  1. Sea$2.6 billion · 19.5%
  2. Air$10.8 billion · 80.5%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

The United Kingdom was Singapore’s 16th largest trading partner (2% of its trade), and Singapore was the United Kingdom’s 22nd (1%).

The United Kingdom in Singapore’s trade
1.7%
The United Kingdom’s rank among Singapore’s partners
16th
Singapore in the United Kingdom’s trade
1.2%
Singapore’s rank among the United Kingdom’s partners
22nd

Compare with

Other partners of Singapore

Other partners of the United Kingdom

Sources and methodology

Sources and licenses

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.