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Singapore

Singapore ranked No. 17 in total trade value through June with a total of $29.12 billion. Exports totaled $15.65 billion and Imports totaled $13.47 billion, a surplus of $2.19 billion.

January – June 2019

Top Trading Ports

Total Trade: $29.12 billion

RankPortTotal YTD
1Port of Savannah, Ga. $2,351,207,235
2Port of New Orleans $2,312,207,184
3Chicago O’Hare International Airport $2,286,915,287
4Los Angeles International Airport $2,106,856,554
5San Francisco International Airport, Calif. $2,066,901,094
6Hartsfield-Jackson Atlanta International Airport $1,604,306,761
7John F. Kennedy International Airport $1,590,717,691
8Cleveland’s Hopkins International Airport, Ohio $1,559,602,735
9Anchorage International Airport, Alaska $1,346,006,316
10Port of Los Angeles $1,333,222,545

U.S. trade with Singapore rose to $29.12 billion through June

Singapore’s trade with the United States rose to $29.12 billion through the first six months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 5.32 percent below its total trade during the same time period last year. Singapore’s exports decreased 8.2 percent while imports fell 1.72 percent. The U.S. surplus with Singapore was $2.19 billion.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Savannah, Ga.; No. 2 Port of New Orleans; No. 3 Chicago O’Hare International Airport; No. 4 Los Angeles International Airport; and No. 5 San Francisco International Airport, Calif.. 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 Anchorage International Airport, Alaska and No. 5 Los Angeles International Airport. In the current time period, the top five accounted for 38.2 percent of Singapore’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Savannah, Ga. rose 28.67 percent to $2.35 billion.
    Exports rose 1.06 percent to $201.64 million. Imports rose 32.05 percent to $2.15 billion.
  • Trade with No. 2 Port of New Orleans fell 6.65 percent to $2.31 billion.
    Exports fell 11.01 percent to $1.58 billion. Imports rose 4.38 percent to $732.24 million.
  • Trade with No. 3 Chicago O’Hare International Airport rose 8.26 percent to $2.29 billion.
    Exports rose 21.72 percent to $1.09 billion. Imports fell 1.7 percent to $1.19 billion.
  • Trade with No. 4 Los Angeles International Airport rose 6.26 percent to $2.11 billion.
    Exports rose 1.6 percent to $989.4 million. Imports rose 10.76 percent to $1.12 billion.
  • Trade with No. 5 San Francisco International Airport, Calif. fell 7.05 percent to $2.07 billion.
    Exports fell 15.58 percent to $1.08 billion. Imports rose 4.48 percent to $987.83 million.

Singapore ranked No. 17 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 17.

Meanwhile, total U.S. trade with the world increased to $2.06 trillion, down 0.14 percent compared to the same period last year. The nation’s exports dropped 0.75 percent to $823.61 billion; imports climbed 0.28 percent to $1.24 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $412.15 billion, up compared to the same period of last year when the deficit was $402.47 billion.

The top five U.S. exports to Singapore by value through June were the categories of Civilian aircraft, parts; Oil; Computer chips; Medical instruments for surgeons, dentists, vets; and Gasoline, other fuels, respectively. They accounted for 35.06 percent of total exports to Singapore.

The value of the top five categories of U.S. imports from Singapore –– Prepared foods, beverages; Value added to a returned import; Aircraft engines, engine parts; Medicines in individual dosages; and Plasma, vaccines, blood –– accounted for 43.51 percent of all inbound shipments.

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

  • Civilian aircraft, parts fell 4.7 percent compared to last year to $3.14 billion.
  • Oil rose 106.71 percent compared to last year to $840.31 million.
  • Computer chips fell 5.75 percent compared to last year to $553.24 million.
  • Medical instruments for surgeons, dentists, vets rose 6.1 percent compared to last year to $494.87 million.
  • Gasoline, other fuels fell 63.28 percent compared to last year to $460.6 million.

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

  • Prepared foods, beverages rose 33.97 percent compared to last year to $1.83 billion.
  • Value added to a returned import rose 14.46 percent compared to last year to $1.57 billion.
  • Aircraft engines, engine parts fell 31.54 percent compared to last year to $852.52 million.
  • Medicines in individual dosages fell 25.29 percent compared to last year to $818.4 million.
  • Plasma, vaccines, blood fell 51.6 percent compared to last year to $789.55 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.