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27 September 2024
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Key Indicators
- 16,018,498
- 254,859
- Export Trading Partners106
- 18,764,434
- 145,583
- Import Trading Partners94
Overview
Singapore Import Trade Overview
Introduction:
Singapore's import market is crucial for its status as a global trade hub, particularly for electronics, machinery, and consumer goods. These imports support Singapore's sophisticated manufacturing base and service-oriented economy, offering numerous opportunities for global exporters.
Economic Overview:
Singapore boasts one of the world's most open and competitive economies, with a high GDP per capita. It's a major player in global trade, serving as a key logistics and distribution hub in Asia. Imports are vital for maintaining its manufacturing sectors and supporting its large service industry, despite having no natural resources.
Political and Regulatory Environment:
The political climate in Singapore is highly stable, fostering a favorable environment for trade and investment. The country's trade policies are characterized by a free-market economy and an absence of corruption. Recent free trade agreements and partnerships have further strengthened its import dynamics.
Opportunities and Challenges for Exporters:
Opportunities for exporters include high demand in sectors like technology, biomedical sciences, and aerospace. Challenges mainly arise from the competitive market and stringent quality standards that exporters must meet.
Top 10 Import Products:
- Integrated circuits (HS code: 8542) - Central to electronics manufacturing.
- Refined petroleum (HS code: 2710) - Critical for energy and transport.
- Gold (HS code: 7108) - Used in finance and jewelry making.
- Computers (HS code: 8471) - IT infrastructure and services.
- Office machinery parts (HS code: 8473) - Business and administrative needs.
- Cars (HS code: 8703) - Automotive sales and services.
- Medicaments (HS code: 3004) - Healthcare and pharmaceutical industries.
- Aircraft parts (HS code: 8803) - Aviation and maintenance sectors.
- Telephones for cellular networks (HS code: 8517) - Telecommunications industry.
- Crude oil (HS code: 2709) - Feedstock for refining and distribution.
Top Buyers:
TURBINE OVERHAUL SERVICES PTE LTD, VISION APPAREL PTE. LTD CONS: G-III APPAREL GROUP, LTD, TEO GARMENTS CORPORATION PTE LTD /LIGHT & SALT APPAREL
Solution for Global Exporters:
Global exporters are encouraged to use Volza’s online import data for Singapore to navigate effectively through the competitive market. Volza provides comprehensive insights into the import landscape, enabling exporters to identify trends, align strategies, and capitalize on emerging opportunities. Visit Volza for real-time analytics and market entry support.
Import Database - Factsheet
Data Source- Detailed Mirror data
- Data Available From
- 01, Jan, 2019
Data Coverage- 40%
Last Shipment- 05, Aug, 2024
Source : Volza Import Data
Singapore
Import Data
Import Data
18,764,434 Bill of Ladings, 145,583 Buyers & 254,859 Suppliers
Import
vs
Export
Jan-Dec 2023
Shipments
Data Source: VolzaImport Data
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Singapore Import Data
Product | Importers | Suppliers | Arrival Date |
|---|---|---|---|
PARTS & COMPONENTS OF PASSENGER CAR-5JN- | 30-04-2024 | ||
DEBURRING TOOLS:SDT,CODE NO.34084 |   India | 30-04-2024 | |
PAPER BASED DECORATIVE LAMINATESINGLE S | 30-04-2024 | ||
DEBURRING BLADES:CS-40-3FLS,CODE NO.4843 | India | 30-04-2024 | |
FRESH MIXED FRUITS | India | India | 30-04-2024 |
ANR SYNCH MLT RCVR CMPLX 20ML/.68FLOZ - | 30-04-2024 |
Top 10 Importers
Singapore Top 10 Importers
Within our Volza database, we possess comprehensive information about over 10 active importers in Singapore. To assist you in identifying the leading importers in Singapore, Volza offers an advanced feature that analyzes billions of shipping invoices using more than 20 parameters. Noteworthy among the top 10 importers in Singapore are companies like DHL ECOMMERCE SINGAPORE PTE LTD, HEWLETT PACKARD ASIA PACIFIC PTE L , and SINGAPORE POST LTD. These key players are featured prominently within our extensive database. For a more comprehensive overview, please refer to our table, which outlines the top 10 importers, and explore the additional resources provided below.
Singapore Top 10 Importers
| Rank | Importers | Shipments |
|---|---|---|
1 | 376,493 | |
2 | 294,775 | |
3 | 215,458 | |
4 | 180,607 | |
5 | 154,567 | |
6 | 140,277 | |
7 | 121,870 | |
8 | 120,604 | |
9 | 101,123 | |
10 | 88,026 |
Data Source : Volza Import Data
Top 10 Import Products
Singapore Top 10 Import Products
As the Singapore import data reveals, the nation's top import products for 2024 were prominently characterized by:- Round Cut Diamond: 57.45%
- Presenter Box: 26.66%
- Valve Seat: 7.57%
- Miniature Circuit Breakers (mcbs): 2.45%
- Sfp Module: 2.28%
- Internal Hard Drive: 1.73%
- Radio Modulator: 0.87%
- Vegetable Corn: 0.53%
- Frozen Coconut: 0.30%
- Sodimm Ram: 0.16%
Singapore Top 10 Import Products
| Rank | Import Products | Shipments |
|---|---|---|
1 | Round Cut Diamond | 4,915,650 |
2 | PRESENTER BOX | 2,280,631 |
3 | Valve Seat | 647,441 |
4 | Miniature Circuit Breakers (MCBs) | 209,333 |
5 | SFP Module | 195,495 |
6 | Internal Hard Drive | 147,775 |
7 | Radio Modulator | 74,761 |
8 | Vegetable Corn | 45,571 |
9 | Frozen Coconut | 25,688 |
10 | SODIMM RAM | 13,754 |
Data Source : Volza Import Data
Trading Partners
Top Trading Partners of Singapore
Import Trading Partners
Export Trading Partners
Top 1 Import Trading Partners
Singapore Top 1 Import Trading Partners
Singapore trade data from 2024 highlights the nation's top 1 import partners as follows: INDIA (USD 7,517,879).
The growth rates for the leading three importers were as follows: India at 100.00% .
Trade balance analysis reveals that Singapore had a trade deficit with both Iran and China. Specifically, the deficit amounted to USD 300 million with Iran and USD 150 million with China in that year. Singapore import statistics show that the country's top 1 import partners in 2024 collectively contributed 87.2% to the overall value of import shipments. Furthermore, Singapore’s major imports from India include PRESENTER BOX, Valve Seat, Frozen Coconut, SFP Module, Round Cut Diamond, Internal Hard Drive, Radio Modulator, Vegetable Corn, SODIMM RAM, Miniature Circuit Breakers (MCBs), products. The provided chart below breaks down the values in percentile of Singapore’s top 1 import partners for 2024.
Singapore Top 1 Import Trading Partners
| Rank | Import Trading Partners | Shipments |
|---|
Data Source : Volza Import Data
Import Data Sample record
Singapore Import Data Sample record
Singapore import data covers all important shipping details that are essential for businesses to find importers in Singapore, analyze market trends and identify potential industries. Singapore trade data contains customs-based details including Date, Importer Name, HS Code, HS Code Description, Commercial Description, Gross Weight, Net Weight, Total Value USD and Origin Country. View Singapore import data sample with complete number of fields available in data.
Singapore Import Data Sample record
Wine of fresh grapes, including fortified wines; grape must other than that of heading 2009
- Date:
- 30 Apr 2024
- HS Code:
- 87089900
- Quantity:
- 1
- Quantity Unit:
- NOS
- Value FC:
- 3.62
- Value:
- HS Descirption:
- PARTS AND ACCESSORIES OF THE MOTOR VEHICLES OF headings 8701 TO 8705
- Exporter:
- SKODA AUTO VOLKSWAGEN INDIA PVT
- Importer:
- VOLKSWAGEN OF SOUTH AFRICA
Data Source : Volza Import Data
Singapore Import Fields
S.No | Data Fields |
|---|---|
1 | |
2 | |
3 | |
4 | |
5 | |
6 | |
7 | |
8 | |
9 |
Total 72 Fields
Data Source : Volza Import Data
Top 9 Import Ports
Singapore Top 9 Import Ports
Singapore's global import trade operates through over 9 ports. Thoothibari LCS stands as the predominant port, handling 5,582,189 import shipments, which constitutes a 74.41% market share. OP Singapore follows with an 15.57% share, accounting for 1,168,141 shipments, while Singapore contributes a 8.96% market share with its 672,479 shipments. For detailed import trade statistics of each port in Singapore, refer to the provided links below. Collectively, these ports underscore the integrated nature of Singapore's trade infrastructure. As the trade data indicates, these crucial import ports facilitate the consistent delivery of essential goods across Singapore.
Singapore Top 9 Import Ports
| Rank | Importers | Count |
|---|
Data Source : Volza Import Data
Import Bill of Lading
- Import Shipments of Singapore
- 18,764,434
- Date
- 30-04-2024
- Shipper Name
- VOLKSWAGEN AKTIENGESELLSCHAFT
- Consignee Name
- SKODA AUTO VOLKSWAGEN INDIA PVT
- Weight Unit
- NOS
- Quantity
- 1
- Shipment Origin
- India
- Port of origin
- Bombay Air