Singapore: Imports of goods and services (current US$, BoP)

Key figures

What the numbers say

In 2025, Singapore's imports of goods and services (current US$, BoP) rose 8.3% on 2024 (from US$794.26 billion to US$860.24 billion).

Across the 30 yearly changes before that (1995 to 2024), the average change was +7.6% and a typical year strayed about 13.5% from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 60.7% in 1974 and the biggest yearly fall was 19.5% in 1998. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about US$44.84 billion a year. A straight line explains 93% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Singapore had the 10th highest value of the 136 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Singapore in the 2025 ranking

• Japan — 6th of 136: US$998.13 billion
• India — 7th of 136: US$965.32 billion
• Netherlands — 8th of 136: US$940.77 billion
• Hong Kong SAR, China — 10th of 136: US$841.39 billion
• Italy — 11th of 136: US$773.81 billion
• Korea, Rep. — 12th of 136: US$765.53 billion

What this measures

Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 54 values

Imports of goods and services (current US$, BoP) in nearby economies

• Australia — US$424.74 billion (2025)
• Brunei Darussalam — US$7.82 billion (2025)
• Cambodia — US$40.15 billion (2025)
• China — US$3.31 trillion (2025)
• Fiji — US$3.85 billion (2024)
• French Polynesia — US$1.87 billion (2016)
• Hong Kong SAR, China — US$841.39 billion (2025)
• Indonesia — US$293.37 billion (2025)
• Japan — US$998.13 billion (2025)
• Kiribati

More economic policy & debt data for Singapore

• Total reserves, including gold (current US$) — US$432.11 billion (2025)
• Total reserves, excluding gold (current US$) — US$404.93 billion (2025)
• General government final consumption expenditure (current US$) — US$61.91 billion (2025)
• General government final consumption expenditure (current LCU) — 80.94 billion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$45.72 billion (2025)
• General government final consumption expenditure (constant LCU) — 62.86 billion (2025)
• General government final consumption expenditure (% of GDP) — 10.25% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$187.74 billion (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Singapore's imports of goods and services (current US$, BoP)?

US$860.24 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1972?

It is up 23,718% from US$3.61 billion in 1972 (10.88% a year on average, compounded). The highest value was US$860.24 billion in 2025 and the lowest US$3.61 billion in 1972.

How does Singapore rank?

10th highest of 136 economies with data for 2025.

Is the latest change in imports of goods and services (current US$, BoP) unusual for Singapore?

In 2025, Singapore's imports of goods and services (current US$, BoP) rose 8.3% on 2024 (from US$794.26 billion to US$860.24 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +7.6% and a typical year strayed about 13.5% from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator BM.GSR.GNFS.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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