Singapore: Merchandise exports (current US$)

Key figures

What the numbers say

In 2025, Singapore's merchandise exports (current US$) rose 12.1% on 2024 (from US$505.66 billion to US$566.87 billion).

Across the 30 yearly changes before that (1995 to 2024), the average change was +6.5% and a typical year strayed about 13.6% from that (the standard deviation). This year's change was 0.4 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 66.9% in 1973 and the biggest yearly fall was 20.2% in 2009. 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$23.27 billion a year. A straight line explains 84% 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 13th highest value of the 204 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

• France — 10th of 204: US$683.1 billion
• Mexico — 11th of 204: US$664.84 billion
• Belgium — 12th of 204: US$568.11 billion
• United Kingdom — 14th of 204: US$555.83 billion
• Canada — 15th of 204: US$554.68 billion
• Switzerland — 16th of 204: US$554.16 billion

What this measures

Merchandise exports includes goods whose economic ownership is changed from a resident to a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. 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: Exports are recorded as the cost of the goods delivered to the frontier of the exporting country for shipment - the free on board (f.o.b.) value. Countries may report trade according to the general or special system of trade. Under the general system exports comprise outward-moving goods that are (a) goods wholly or partly produced in the country; (b) foreign goods, neither transformed nor declared for domestic consumption in the country, that move outward from customs storage; and (c) goods previously included as imports for domestic consumption but subsequently exported without transformation. Under the special system exports comprise categories a and c.

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

All 66 values

Merchandise exports (current US$) in nearby economies

• American Samoa — US$394 million (2025)
• Australia — US$337.58 billion (2025)
• Brunei Darussalam — US$10.5 billion (2025)
• Cambodia — US$31.27 billion (2025)
• China — US$3.77 trillion (2025)
• Fiji — US$1.13 billion (2025)
• French Polynesia — US$175 million (2025)
• Guam — US$71 million (2025)
• Hong Kong SAR, China — US$753.58 billion (2025)
• Indonesia — US$282.91 billion (2025)
• Japan

More private sector & trade data for Singapore

• Merchandise trade (% of GDP) — 177.64% (2025)
• Merchandise imports (current US$) — US$505.84 billion (2025)
• Agricultural raw materials imports (% of merchandise imports) — 0.19% (2025)
• Food imports (% of merchandise imports) — 3.54% (2025)
• Fuel imports (% of merchandise imports) — 15.46% (2025)
• Manufactures imports (% of merchandise imports) — 74.49% (2025)
• Ores and metals imports (% of merchandise imports) — 1.44% (2025)
• Agricultural raw materials exports (% of merchandise exports) — 0.34% (2025)
• Food exports (% of merchandise exports) — 2.26% (2025)

Reading data like this

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Questions people ask

What is Singapore's merchandise exports (current US$)?

US$566.87 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is up 49,801% from US$1.14 billion in 1960 (10.03% a year on average, compounded). The highest value was US$566.87 billion in 2025 and the lowest US$906 million in 1964.

How does Singapore rank?

13th highest of 204 economies with data for 2025.

Is the latest change in merchandise exports (current US$) unusual for Singapore?

In 2025, Singapore's merchandise exports (current US$) rose 12.1% on 2024 (from US$505.66 billion to US$566.87 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +6.5% and a typical year strayed about 13.6% from that (the standard deviation). This year's change was 0.4 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 TX.VAL.MRCH.CD.WT, licensed CC BY 4.0. Original source: World Trade Organization (WTO) 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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