Singapore

Singapore ranked No. 17 in total trade value through November with a total of $52.96 billion. Exports totaled $28.75 billion and Imports totaled $24.21 billion, a surplus of $4.55 billion.

January – November 2019

Top Trading Ports

Total Trade: $52.96 billion

RankPortTotal YTD
1Chicago O’Hare International Airport $4,658,802,162
2Port of New Orleans $4,455,083,398
3Port of Savannah, Ga. $3,898,429,370
4Los Angeles International Airport $3,810,247,006
5San Francisco International Airport, Calif. $3,733,688,076
6John F. Kennedy International Airport $3,070,325,411
7Cleveland’s Hopkins International Airport, Ohio $2,889,254,716
8Hartsfield-Jackson Atlanta International Airport $2,717,002,042
9Anchorage International Airport, Alaska $2,640,250,918
10Port of Los Angeles $2,251,690,908

U.S. trade with Singapore rose to $52.96 billion through November

Singapore’s trade with the United States rose to $52.96 billion through the first 11 months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 4.95 percent below its total trade during the same time period last year. U.S. exports to Singapore decreased 5.53 percent while U.S. imports from Singapore fell 4.26 percent. The U.S. surplus with Singapore was $4.55 billion.

Through November, the top five among the nation’s airports, seaports and border crossings were No. 1 Chicago O’Hare International Airport; No. 2 Port of New Orleans; No. 3 Port of Savannah, Ga.; 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 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. In the current time period, the top five accounted for 38.82 percent of Singapore’s U.S. trade.

Among those top five:

  • Trade with No. 1 Chicago O’Hare International Airport rose 8.22 percent to $4.66 billion.
    Exports rose 11.82 percent to $2.06 billion. Imports rose 5.53 percent to $2.6 billion.
  • Trade with No. 2 Port of New Orleans fell 3.65 percent to $4.46 billion.
    Exports fell 6.11 percent to $3.06 billion. Imports rose 2.23 percent to $1.39 billion.
  • Trade with No. 3 Port of Savannah, Ga. rose 20.75 percent to $3.9 billion.
    Exports rose 27.41 percent to $449.49 million. Imports rose 19.93 percent to $3.45 billion.
  • Trade with No. 4 Los Angeles International Airport rose 3.95 percent to $3.81 billion.
    Exports fell 1.48 percent to $1.8 billion. Imports rose 9.35 percent to $2.01 billion.
  • Trade with No. 5 San Francisco International Airport, Calif. fell 5.08 percent to $3.73 billion.
    Exports fell 8.65 percent to $2.02 billion. Imports fell 0.5 percent to $1.71 billion.

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. 16.

Meanwhile, total U.S. trade with the world increased to $3.81 trillion, down 1.42 percent compared to the same period last year. The nation’s exports dropped 1.32 percent to $1.51 trillion; imports dropped 1.48 percent to $2.3 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 $786.7 billion, down compared to the same period of last year when the deficit was $800.89 billion.

The top five U.S. exports to Singapore by value through November were the categories of Civilian aircraft, parts; Oil; Computer chips; Machinery, parts for semiconductor manufacturing; and Medical instruments for surgeons, dentists, vets, respectively. They accounted for 34.93 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; Medicines in individual dosages; Aircraft engines, engine parts; and Plasma, vaccines, blood –– accounted for 44.17 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 10.29 percent compared to last year to $5.63 billion.
  • Oil rose 31.96 percent compared to last year to $1.43 billion.
  • Computer chips rose 1.39 percent compared to last year to $1.1 billion.
  • Machinery, parts for semiconductor manufacturing fell 35.48 percent compared to last year to $950.32 million.
  • Medical instruments for surgeons, dentists, vets rose 3.89 percent compared to last year to $929.2 million.

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

  • Value added to a returned import rose 8.95 percent compared to last year to $2.97 billion.
  • Prepared foods, beverages rose 17.01 percent compared to last year to $2.79 billion.
  • Medicines in individual dosages rose 3.07 percent compared to last year to $1.9 billion.
  • Aircraft engines, engine parts fell 23.49 percent compared to last year to $1.53 billion.
  • Plasma, vaccines, blood fell 43.76 percent compared to last year to $1.49 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.