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Export Market

Singapore

ISO: SG / SGP

Country Profile

Capital Singapore
Population 6.1M
GDP $547.4B (2024)
GDP per Capita $90,674
Income Level High Income
Currency Singapore dollar (SGD $)
Language English
Timezone UTC+08:00
Region Asia · South-Eastern Asia

Trade Partners

Singapore Exports To

  • Hong Kong 13.0%
  • China 11.0%
  • USA 10.0%
  • Malaysia 9.0%
  • S. Korea 6.0%

Key exports: integrated circuits, refined petroleum, machinery, vaccines, gold (2023)

Singapore Imports From

  • China 15.0%
  • Malaysia 11.0%
  • Taiwan 11.0%
  • USA 10.0%
  • S. Korea 6.0%

Key imports: integrated circuits, refined petroleum, crude petroleum, gold, gas turbines (2023)

Economic Overview

high-income, service-based economy; global financial hub; business-friendly policies and open to investment and trade; inflation easing but persistent in services; public investments in education, healthcare, and infrastructure; strong human capital development challenged by aging population

Government: parliamentary republic

UK Trade Status

FTA in Force

The UK has a free trade agreement with Singapore, providing preferential market access for UK exporters.

Geographic Region

Asia Pacific

Trading Bloc Memberships

Singapore is a member of the following trade agreements and economic blocs.

CPTPP Comprehensive and Progressive Trans-Pacific Partnership Trade Agreement UK Member ASEAN Association of Southeast Asian Nations Economic Union RCEP Regional Comprehensive Economic Partnership Trade Agreement

Export Guidance

Relevant guidance for exporting to Singapore.

Start Your Export Journey

Export to the EU after Brexit Start exporting from the UK Manage your export compliance

Also in This Region

🇦🇺 Australia FTA 🇧🇳 Brunei 🇰🇭 Cambodia 🇫🇯 Fiji FTA 🇮🇩 Indonesia 🇯🇵 Japan FTA 🇱🇦 Laos 🇲🇾 Malaysia

Official Resources

Government export support for Singapore.

great.gov.uk Market Guide → GOV.UK Country Information →
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