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Singapore

Singapore ranked No. 16 in total trade value through October with a total of $50.98 billion. Exports totaled $27.69 billion and Imports totaled $23.29 billion, a surplus of $4.4 billion.

January – October 2018

Top Trading Ports

Total Trade: $50.98 billion

RankPortTotal YTD
1Port of New Orleans $4,196,133,572
2Chicago O’Hare International Airport $3,916,835,200
3San Francisco International Airport, Calif. $3,613,418,736
4Los Angeles International Airport $3,343,312,354
5Anchorage International Airport, Alaska $3,102,261,652
6John F. Kennedy International Airport $3,057,097,280
7Port of Savannah, Ga. $2,987,268,545
8Port of Houston $2,394,684,522
9Cleveland’s Hopkins International Airport, Ohio $2,393,554,459
10Miami International Airport $2,135,546,850

U.S. trade with Singapore rose to $50.98 billion through October

Singapore’s trade with the United States rose to $50.98 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 24.33 percent above its total trade during the same time period last year. Singapore’s exports increased 12.34 percent while imports rose 42.41 percent. The U.S. surplus with Singapore was $4.4 billion.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of New Orleans; No. 2 Chicago O’Hare International Airport; No. 3 San Francisco International Airport, Calif.; No. 4 Los Angeles International Airport; and No. 5 Anchorage International Airport, Alaska. During the same period the previous year, the top five were No. 1 San Francisco International Airport, Calif. No. 2 Port of New Orleans No. 3 Chicago O’Hare International Airport No. 4 Los Angeles International Airport and No. 5 John F. Kennedy International Airport. In the current time period, the top five accounted for 35.65 percent of Singapore’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of New Orleans rose 19.25 percent to $4.2 billion.
    Exports rose 8.02 percent to $2.94 billion. Imports rose 57.73 percent to $1.25 billion.
  • Trade with No. 2 Chicago O’Hare International Airport rose 28.45 percent to $3.92 billion.
    Exports rose 8.84 percent to $1.66 billion. Imports rose 48.07 percent to $2.26 billion.
  • Trade with No. 3 San Francisco International Airport, Calif. fell 2.83 percent to $3.61 billion.
    Exports rose 3.46 percent to $2.06 billion. Imports fell 10.06 percent to $1.56 billion.
  • Trade with No. 4 Los Angeles International Airport rose 14.53 percent to $3.34 billion.
    Exports rose 9.11 percent to $1.68 billion. Imports rose 20.57 percent to $1.66 billion.
  • Trade with No. 5 Anchorage International Airport, Alaska rose 51.61 percent to $3.1 billion.
    Exports fell 8.32 percent to $1.41 billion. Imports rose 233.2 percent to $1.69 billion.

Singapore ranked No. 16 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 19.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Singapore by value through October were the categories of Civilian aircraft, parts; Gasoline, other fuels; Machinery, parts for semiconductor manufacturing; Computer chips; and Medical instruments for surgeons, dentists, vets, respectively. They accounted for 36.46 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; Plasma, vaccines, blood; Prepared foods, beverages; Aircraft engines, engine parts; and Medicines in individual dosages –– accounted for 45.91 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 33.6 percent compared to last year to $4.77 billion.
  • Gasoline, other fuels rose 5.57 percent compared to last year to $2.13 billion.
  • Machinery, parts for semiconductor manufacturing rose 44.6 percent compared to last year to $1.4 billion.
  • Computer chips fell 12.65 percent compared to last year to $987.04 million.
  • Medical instruments for surgeons, dentists, vets rose 3.62 percent compared to last year to $810.58 million.

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

  • Value added to a returned import rose 19.8 percent compared to last year to $2.47 billion.
  • Plasma, vaccines, blood rose 222.65 percent compared to last year to $2.44 billion.
  • Prepared foods, beverages rose 80128 percent compared to last year to $2.22 billion.
  • Aircraft engines, engine parts rose 18.94 percent compared to last year to $1.89 billion.
  • Medicines in individual dosages rose 36.77 percent compared to last year to $1.67 billion.

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.