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Singapore

Singapore ranked No. 18 in total trade value through February with a total of $8.52 billion. Exports totaled $4.55 billion and Imports totaled $3.97 billion, a surplus of $589.21 million.

January – February 2019

Top Trading Ports

Total Trade: $8.52 billion

RankPortTotal YTD
1Port of New Orleans $758,877,352
2Los Angeles International Airport $701,531,207
3San Francisco International Airport, Calif. $656,752,531
4Hartsfield-Jackson Atlanta International Airport $608,290,553
5Chicago O’Hare International Airport $593,100,222
6Cleveland’s Hopkins International Airport, Ohio $518,636,329
7Port of Savannah, Ga. $497,507,032
8John F. Kennedy International Airport $492,601,770
9Port of Los Angeles $443,026,558
10Port of Houston $371,754,328

U.S. trade with Singapore rose to $8.52 billion through February

Singapore’s trade with the United States rose to $8.52 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 1.8 percent above its total trade during the same time period last year. Singapore’s exports decreased 6.32 percent while imports rose 13.04 percent. The U.S. surplus with Singapore was $589.21 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of New Orleans; No. 2 Los Angeles International Airport; No. 3 San Francisco International Airport, Calif.; No. 4 Hartsfield-Jackson Atlanta International Airport; and No. 5 Chicago O’Hare International Airport. During the same period the previous year, the top five were No. 1 Port of New Orleans No. 2 San Francisco International Airport, Calif. No. 3 Chicago O’Hare International Airport No. 4 John F. Kennedy International Airport and No. 5 Los Angeles International Airport. In the current time period, the top five accounted for 38.95 percent of Singapore’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of New Orleans fell 0.91 percent to $758.88 million.
    Exports fell 11.1 percent to $514.06 million. Imports rose 30.47 percent to $244.82 million.
  • Trade with No. 2 Los Angeles International Airport rose 23.8 percent to $701.53 million.
    Exports rose 9.93 percent to $307.15 million. Imports rose 37.3 percent to $394.38 million.
  • Trade with No. 3 San Francisco International Airport, Calif. fell 12.04 percent to $656.75 million.
    Exports fell 29.06 percent to $301.98 million. Imports rose 10.53 percent to $354.77 million.
  • Trade with No. 4 Hartsfield-Jackson Atlanta International Airport rose 91.64 percent to $608.29 million.
    Exports fell 21.96 percent to $144.39 million. Imports rose 250.4 percent to $463.9 million.
  • Trade with No. 5 Chicago O’Hare International Airport fell 4.08 percent to $593.1 million.
    Exports rose 9.56 percent to $291.9 million. Imports fell 14.41 percent to $301.2 million.

Singapore ranked No. 18 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 18.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Singapore by value through February were the categories of Civilian aircraft, parts; Oil; Computer chips; Gasoline, other fuels; and Computers, respectively. They accounted for 31.8 percent of total exports to Singapore.

The value of the top five categories of U.S. imports from Singapore –– Value added to a returned import; Prepared foods, beverages; Plasma, vaccines, blood; Aircraft engines, engine parts; and Oxygen-function amino-compounds –– accounted for 43.24 percent of all inbound shipments.

Looking more closely at U.S. exports to Singapore:

  • Civilian aircraft, parts rose 9.71 percent compared to last year to $716.33 million.
  • Oil rose 785.15 percent compared to last year to $214.4 million.
  • Computer chips rose 9.52 percent compared to last year to $195.84 million.
  • Gasoline, other fuels fell 57.04 percent compared to last year to $170.13 million.
  • Computers rose 47.28 percent compared to last year to $151.72 million.

Looking more closely at U.S. imports from Singapore:

  • Value added to a returned import rose 37.38 percent compared to last year to $522.56 million.
  • Prepared foods, beverages rose 73.75 percent compared to last year to $350.52 million.
  • Plasma, vaccines, blood rose 37.25 percent compared to last year to $302.69 million.
  • Aircraft engines, engine parts fell 37.84 percent compared to last year to $281.8 million.
  • Oxygen-function amino-compounds rose 439.82 percent compared to last year to $257.02 million.

In the latest annual figures available, Singapore recorded $49.15 billion in trade with the United States. At year’s end, its were Los Angeles; San Francisco; New Orleans; New York City; and Chicago. Total U.S. exports to Singapore were $ 29.75 billion and imports from Singapore were $19.4 billion. The U.S. surplus with Singapore was $10.36 billion.