Top Singapore Export Products and Major Exporters in 2024-25: A Complete Guide to Singapore’s Export Market
In this comprehensive article, we explore Singapore’s top export products, key exporters, trade data, and major export destinations.
Singapore, a small island nation in Southeast Asia, has established itself as a global trade powerhouse. Despite its limited natural resources, the country thrives on exportsparticularly in electronics, refined petroleum, pharmaceuticals, and chemical products. In this comprehensive article, we explore Singapores top export products, key exporters, trade data, and major export destinations.
Singapores Export Landscape: An Overview
Singapores economy is heavily dependent on international trade. With its strategic location, state-of-the-art infrastructure, and business-friendly policies, Singapore has become a hub for global commerce. According to 2022 data, Singapore was ranked as the 15th largest exporter in the world, recording total exports of USD 514.8 billiona significant rise from USD 412.1 billion in 2018.
Despite global economic challenges, Singapore's export market has shown resilience. However, in 2023, total merchandise trade fell by 11.7%, dropping from S$1.4 trillion in 2022 to S$1.2 trillion. The fall was attributed primarily to declining oil prices and weakening non-oil trade.
Top Singapore Export Products in 2024
Singapores export market is diverse, encompassing both industrial and consumer goods. Below is a list of the top 10 export products from Singapore in 2024:
| Rank | Export Product Category | Export Value (USD Billion) |
|---|---|---|
| 1 | Electrical & Electronic Equipment | $161.70 |
| 2 | Machinery, Nuclear Reactors, Boilers | $74.13 |
| 3 | Mineral Fuels, Oils, Distillation Products | $58.86 |
| 4 | Optical, Technical & Medical Apparatus | $23.50 |
| 5 | Pearls, Precious Stones, Metals, Coins | $18.79 |
| 6 | Organic Chemicals | $14.57 |
| 7 | Plastics | $12.61 |
| 8 | Pharmaceutical Products | $11.04 |
| 9 | Essential Oils, Perfumes, Cosmetics, Toiletries | $9.53 |
| 10 | Miscellaneous Chemical Products | $6.75 |
The electronics sector leads Singapores exports, especially integrated circuits, microassemblies, and data-processing equipment.
What Machinery Does Singapore Export?
Singapore is renowned for exporting advanced machinery, including:
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Semiconductor manufacturing equipment
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Precision engineering tools
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Medical and diagnostic devices
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Boilers and nuclear reactors
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Robotics and automation systems
These high-tech machinery exports cater to industries in the United States, China, Taiwan, and the European Union.
Singapore Export Data & Trade Trends (20232025)
Trade Performance Overview:
| Metric | 2022 | 2023 | Change |
|---|---|---|---|
| Total Merchandise Trade | S$1.4 trillion | S$1.2 trillion | -11.7% |
| Non-Oil Trade | -10.5% | ||
| Oil Trade | -16.3% | ||
| Exports | -10.1% | ||
| Imports | -13.4% |
Top Export Partners of Singapore (2024)
Singapores trade network spans across Asia, the Americas, and Europe. The following are the top export destinations:
| Rank | Country | Export Value (USD Billion) | % Share of Total Exports |
|---|---|---|---|
| 1 | Mainland China | $65.5 | 13.8% |
| 2 | Hong Kong | $50.4 | 10.6% |
| 3 | United States | $44.9 | 9.5% |
| 4 | Malaysia | $44.5 | 9.4% |
| 5 | Indonesia | $35.4 | 7.4% |
| 6 | South Korea | $20.7 | 4.3% |
| 7 | Taiwan | $20.5 | 4.3% |
| 8 | Japan | $19.3 | 4.1% |
| 9 | Thailand | $19.1 | 4.0% |
| 10 | Vietnam | $16.7 | 3.5% |
These ten countries account for nearly 75% of Singapores total exports.
Leading Exporters in Singapore (2024)
Here is a list of top exporters contributing significantly to Singapores outbound trade:
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ACTECO Holding PTE LTD
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CJ International Asia
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International Woodchip Corporation
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Leong Poh Kee PTE LTD
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Eximpedia PTE LTD
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Bunge Asia
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ExxonMobil Asia Pacific
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Gunvor Singapore
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Singapore Petroleum Company (SPC)
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Wilmar International
These companies span sectors such as energy, food processing, chemicals, machinery, and logistics.
People Also Ask (FAQs)
Q1. What are Singapores main exports?
Electronics, machinery, refined petroleum, chemicals, and pharmaceuticals.
Q2. What does Singapore export the most?
Electrical and electronic equipment, with a total export value of $161.7 billion.
Q3. What machinery does Singapore export?
Semiconductor equipment, precision tools, and medical devices.
Q4. Who are Singapores top trading partners?
Mainland China, Hong Kong, the United States, Malaysia, and Indonesia.
Where to Get Singapore Export Data?
To access verified and updated Singapore export items, exporter lists, and Singapore trade statistics, visit Seair Exim Solutions. Their platform provides:
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HS code-wise export-import data
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Exporters and importers directory
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Product-wise shipment records
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Real-time trade intelligence
Conclusion
Singapore continues to dominate the global export scene with high-value goods and strategic trade partnerships. Despite short-term fluctuations in trade volume, the long-term outlook for Singapores export economy remains strong, driven by technology, innovation, and policy excellence.
Whether you're a trader, investor, or researcher, staying updated with Singapore export data is crucial for success. Use platforms like Seair Exim Solutions to gain an edge in todays competitive trade landscape.
