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Trade between Singapore and the United States

In 2024, Singapore exported $35.2 billion to the United States and imported $42.6 billion. Singapore ran a deficit of $7.4 billion with the United States, compared with a deficit of $10.2 billion in 2019. The United States was Singapore’s 3rd largest trading partner (10% of its trade), and Singapore was the United States’ 19th (2%).

Summary

Singapore → United States
$35.2billion
United States → Singapore
$42.6billion
Singapore’s balance
-$7.4billion

Balance

Singapore’s trade balance with the United States

Trade between Singapore and the United States grew 2.1-fold since 1995

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

  • Exports 35.2
  • Imports 42.6
  • Balance -7.4

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$18.7 billion$17.9 billion$810 million
1996$20.4 billion$18.8 billion$1.6 billion
1997$20.1 billion$20.7 billion-$589 million
1998$18.4 billion$18.2 billion$161 million
1999$18.1 billion$18.3 billion-$253 million
2000$18.5 billion$20.1 billion-$1.6 billion
2001$14.4 billion$19 billion-$4.6 billion
2002$14.6 billion$16.2 billion-$1.6 billion
2003$15.2 billion$17.4 billion-$2.2 billion
2004$15.3 billion$20.3 billion-$5.1 billion
2005$15.3 billion$20.8 billion-$5.6 billion
2006$17.1 billion$26 billion-$8.9 billion
2007$17.5 billion$30.9 billion-$13.4 billion
2008$15 billion$35.7 billion-$20.7 billion
2009$14.6 billion$27.6 billion-$13 billion
2010$16.4 billion$32.1 billion-$15.7 billion
2011$17.8 billion$34 billion-$16.2 billion
2012$18 billion$36.3 billion-$18.3 billion
2013$15.9 billion$35.4 billion-$19.5 billion
2014$15.4 billion$35.9 billion-$20.5 billion
2015$16.6 billion$32.2 billion-$15.6 billion
2016$15.7 billion$29.9 billion-$14.3 billion
2017$21.6 billion$33.5 billion-$11.9 billion
2018$23.4 billion$34.8 billion-$11.3 billion
2019$23.5 billion$33.7 billion-$10.2 billion
2020$26 billion$33.1 billion-$7.1 billion
2021$26.4 billion$39.2 billion-$12.8 billion
2022$27.1 billion$44.9 billion-$17.8 billion
2023$33 billion$43.4 billion-$10.4 billion
2024$35.2 billion$42.6 billion-$7.4 billion

What they sell each other

What Singapore sells to the United States

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

  1. Vaccines, blood and antisera$11.4 billion · 32.3%
    329 tonnes · Singapore’s destinations
  2. Other food preparations$2.7 billion · 7.7%
    11 thousand tonnes
  3. Nucleic acids and other heterocycles$2.3 billion · 6.6%
    35 tonnes
  4. Other industrial machines$2.2 billion · 6.4%
    9 thousand tonnes
  5. Refined petroleum$2 billion · 5.7%
    1.6 million tonnes · Singapore’s destinations
  6. Massage and respiratory therapy devices$1.5 billion · 4.3%
    16 thousand tonnes
  7. Orthopedic and hearing devices$1.5 billion · 4.2%
    1 thousand tonnes
  8. Discs and storage media$1.2 billion · 3.3%
    2 thousand tonnes
  9. Physical and chemical analysis instruments$923 million · 2.6%
    2 thousand tonnes
  10. Amino acids and amino alcohols (lysine)$560 million · 1.6%
    35 tonnes

What the United States sells to Singapore

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

  1. Crude petroleum$7.3 billion · 17.2%
    11.9 million tonnes · the United States’ destinations
  2. Aircraft parts$3.6 billion · 8.4%
    3 thousand tonnes
  3. Other industrial machines$2 billion · 4.7%
    15 thousand tonnes
  4. Airplanes and helicopters$1.9 billion · 4.5%
    2 thousand tonnes · the United States’ destinations
  5. Gold$1.9 billion · 4.4%
    28 tonnes · the United States’ destinations
  6. Turbojets and gas turbines$1.8 billion · 4.2%
    4 thousand tonnes · the United States’ destinations
  7. Computers$1.3 billion · 3.1%
    5 thousand tonnes · the United States’ destinations
  8. Refined petroleum$1.2 billion · 2.9%
    2.3 million tonnes · the United States’ destinations
  9. Microchips$899 million · 2.1%
    323 tonnes · the United States’ destinations
  10. Vaccines, blood and antisera$754 million · 1.8%
    318 tonnes · the United States’ destinations

How it travels

Estimated sea route from Singapore to Los Angeles.

The estimated sea route between Singapore and Los Angeles is 8,028 nautical miles (14,868 km) long: ≈ 18.5–24 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$21.7 billion · 27.8%
  2. Air$56.1 billion · 72.2%

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

How much each matters to the other

The United States was Singapore’s 3rd largest trading partner (10% of its trade), and Singapore was the United States’ 19th (2%).

The United States in Singapore’s trade
10%
The United States’ rank among Singapore’s partners
3rd
Singapore in the United States’ trade
1.6%
Singapore’s rank among the United States’ partners
19th

Compare with

Other partners of Singapore

Other partners of the United States

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.