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Singapore

Singapore ranked No. 18 in total trade value through May with a total of $23.86 billion. Exports totaled $13.01 billion and Imports totaled $10.85 billion, a surplus of $2.15 billion.

January – May 2019

Top Trading Ports

Total Trade: $23.86 billion

RankPortTotal YTD
1Port of New Orleans $1,980,634,156
2Port of Savannah, Ga. $1,897,764,872
3Chicago O’Hare International Airport $1,802,879,875
4Los Angeles International Airport $1,801,945,024
5San Francisco International Airport, Calif. $1,704,795,437
6Hartsfield-Jackson Atlanta International Airport $1,308,885,677
7John F. Kennedy International Airport $1,301,854,277
8Cleveland’s Hopkins International Airport, Ohio $1,283,035,467
9Port of Los Angeles $1,116,113,727
10Anchorage International Airport, Alaska $935,690,753

U.S. trade with Singapore rose to $23.86 billion through May

Singapore’s trade with the United States rose to $23.86 billion through the first five months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 3.37 percent below its total trade during the same time period last year. U.S. exports to Singapore decreased 7.16 percent while U.S. imports from Singapore rose 1.6 percent. The U.S. surplus with Singapore was $2.15 billion.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of New Orleans; No. 2 Port of Savannah, Ga.; 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 Los Angeles International Airport and No. 5 Port of Savannah, Ga.. In the current time period, the top five accounted for 38.51 percent of Singapore’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of New Orleans rose 0.49 percent to $1.98 billion.
    Exports fell 5.52 percent to $1.35 billion. Imports rose 16.13 percent to $635.43 million.
  • Trade with No. 2 Port of Savannah, Ga. rose 22.15 percent to $1.9 billion.
    Exports fell 14.72 percent to $144.84 million. Imports rose 26.68 percent to $1.75 billion.
  • Trade with No. 3 Chicago O’Hare International Airport rose 3.87 percent to $1.8 billion.
    Exports rose 19.96 percent to $881.04 million. Imports fell 7.93 percent to $921.84 million.
  • Trade with No. 4 Los Angeles International Airport rose 6.32 percent to $1.8 billion.
    Exports rose 1.8 percent to $838.35 million. Imports rose 10.6 percent to $963.59 million.
  • Trade with No. 5 San Francisco International Airport, Calif. fell 10.02 percent to $1.7 billion.
    Exports fell 15.85 percent to $900.36 million. Imports fell 2.45 percent to $804.44 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. 16.

Meanwhile, total U.S. trade with the world increased to $1.71 trillion, up 0.56 percent compared to the same period last year. The nation’s exports climbed 0.12 percent to $685.55 billion; imports climbed 0.86 percent to $1.03 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 $342.77 billion, up compared to the same period of last year when the deficit was $334.82 billion.

The top five U.S. exports to Singapore by value through May were the categories of Civilian aircraft, parts; Oil; Computer chips; Gasoline, other fuels; and Medical instruments for surgeons, dentists, vets, respectively. They accounted for 34.75 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; Plasma, vaccines, blood; and Medicines in individual dosages –– accounted for 43.22 percent of all inbound shipments.

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

  • Civilian aircraft, parts fell 4.73 percent compared to last year to $2.5 billion.
  • Oil rose 126.23 percent compared to last year to $712.97 million.
  • Computer chips fell 4.53 percent compared to last year to $465.36 million.
  • Gasoline, other fuels fell 51.17 percent compared to last year to $438.22 million.
  • Medical instruments for surgeons, dentists, vets rose 3.44 percent compared to last year to $398.07 million.

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

  • Prepared foods, beverages rose 28.9 percent compared to last year to $1.5 billion.
  • Value added to a returned import rose 12.9 percent compared to last year to $1.31 billion.
  • Aircraft engines, engine parts fell 34.03 percent compared to last year to $679.31 million.
  • Plasma, vaccines, blood fell 7.74 percent compared to last year to $612.42 million.
  • Medicines in individual dosages fell 33.54 percent compared to last year to $592.03 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.