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Singapore

Singapore ranked No. 18 in total trade value through March with a total of $13.65 billion. Exports totaled $7.38 billion and Imports totaled $6.27 billion, a surplus of $1.11 billion.

January – March 2019

Top Trading Ports

Total Trade: $13.65 billion

RankPortTotal YTD
1Port of New Orleans $1,195,459,579
2Port of Savannah, Ga. $1,074,268,602
3Los Angeles International Airport $1,069,792,993
4San Francisco International Airport, Calif. $992,317,098
5Chicago O’Hare International Airport $985,399,178
6Hartsfield-Jackson Atlanta International Airport $808,650,765
7Cleveland’s Hopkins International Airport, Ohio $790,895,524
8John F. Kennedy International Airport $755,779,908
9Port of Los Angeles $649,264,692
10Port of Houston $569,643,958

U.S. trade with Singapore rose to $13.65 billion through March

Singapore’s trade with the United States rose to $13.65 billion through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 0.17 percent above its total trade during the same time period last year. Singapore’s exports decreased 5.29 percent while imports rose 7.45 percent. The U.S. surplus with Singapore was $1.11 billion.

Through March, 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 Los Angeles International Airport; No. 4 San Francisco International Airport, Calif.; and No. 5 Chicago O’Hare International Airport. 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 38.97 percent of Singapore’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of New Orleans rose 3.4 percent to $1.2 billion.
    Exports fell 4.12 percent to $825.23 million. Imports rose 25.32 percent to $370.23 million.
  • Trade with No. 2 Port of Savannah, Ga. rose 32.98 percent to $1.07 billion.
    Exports fell 16.93 percent to $85.86 million. Imports rose 40.3 percent to $988.41 million.
  • Trade with No. 3 Los Angeles International Airport rose 11.36 percent to $1.07 billion.
    Exports rose 4.14 percent to $481.95 million. Imports rose 18.07 percent to $587.85 million.
  • Trade with No. 4 San Francisco International Airport, Calif. fell 14.55 percent to $992.32 million.
    Exports fell 30.15 percent to $484.78 million. Imports rose 8.61 percent to $507.54 million.
  • Trade with No. 5 Chicago O’Hare International Airport fell 1.28 percent to $985.4 million.
    Exports rose 8.48 percent to $478.87 million. Imports fell 9.01 percent to $506.53 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 $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 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 $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Singapore by value through March were the categories of Civilian aircraft, parts; Oil; Computer chips; Gasoline, other fuels; and Medical instruments for surgeons, dentists, vets, respectively. They accounted for 33.07 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 43.97 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 10.53 percent compared to last year to $1.31 billion.
  • Oil rose 586.97 percent compared to last year to $389.68 million.
  • Computer chips fell 6.77 percent compared to last year to $271.56 million.
  • Gasoline, other fuels fell 54.19 percent compared to last year to $243.06 million.
  • Medical instruments for surgeons, dentists, vets rose 3.65 percent compared to last year to $225.79 million.

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

  • Prepared foods, beverages rose 46.75 percent compared to last year to $837.91 million.
  • Value added to a returned import rose 24.44 percent compared to last year to $766.94 million.
  • Aircraft engines, engine parts fell 27.3 percent compared to last year to $438.13 million.
  • Plasma, vaccines, blood rose 7.49 percent compared to last year to $380.18 million.
  • Medicines in individual dosages fell 31.56 percent compared to last year to $333.08 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.