Net trade in goods and services in Singapore 2014-2023

In 2023, the net trade in goods and services in Singapore decreased by 4.8 billion U.S. dollars (-2.5 percent) compared to 2022. Nevertheless, the last two years recorded a significantly higher net trade than the preceding years.
Net trade in goods and services is calculated from the difference between imports and exports of goods and services. This comprises of all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world.

Find more statistics on other topics about Singapore with key insights such as charges for the use of intellectual property, gross savings as a share of the GDP, and gross capital formation.