Quick Answer: What are the main imports and exports of Singapore?

What does Singapore import and export?

Overall Exports and Imports for Singapore 2019

  • The total value of exports (FOB) is US$ 390,332 million.
  • The total value of imports (CIF) is US$ 358,975 million.
  • At the HS6 digit level, 4,257 products are exported to 220 countries and 4,307 products are imported from 221 countries.

What are the main imports of Singapore?

Singapore’s Top Commodity Imports

Commodity Amount (Annually)
Oil & Mineral Fuels $87.8 billion
Precious Stones & Metals $20.3 billion
Iron & Steel $2.9 billion
Aluminum $1.2 billion

What are Ghana’s main exports and imports?

Top 5 Products exports imports at HS 6 digit level 2019

Ghana exported Cocoa beans, whole or broken, raw or roasted , worth US$ 1,851,960.39 million. Ghana exported Manganese ores and concentrates, with a mangane , worth US$ 349,539.03 million. Ghana exported Cocoa butter, fat and oil , worth US$ 337,275.68 million.

Does Singapore import or export more?

Since 2009, the value of exports exceeds imports for Singapore’s merchandise trade with Mainland China. In comparison, the value of imports exceeds exports for Singapore’s trade with the United States since 2006. Made up 78.6% of non-oil domestic exports. Made up 90.7% of non-oil re-exports.

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Why is Singapore so rich?

Singapore’s rise to the top was attributed to its advanced technological infrastructure, availability of skilled labor, favorable immigration laws, and the efficient way in which new businesses can be set up here.

What 5 countries do we import the most from?

The top five suppliers of U.S. goods imports in 2019 were: China ($452 billion), Mexico ($358 billion), Canada ($319 billion), Japan ($144 billion), and Germany ($128 billion). U.S. goods imports from the European Union 27 were $515 billion. The United States is the largest services exporter in the world.

What is Singapore’s biggest import?

Top 10

  • Electrical machinery, equipment: US$108.9 billion (33.1% of total imports)
  • Machinery including computers: $52.9 billion (16.1%)
  • Mineral fuels including oil: $49.2 billion (15%)
  • Gems, precious metals: $22.6 billion (6.9%)
  • Optical, technical, medical apparatus: $12.8 billion (3.9%)

Is Nigeria richer than Ghana?

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Ghana ranked 73rd with $65.6B.

Gross Domestic Product & Income.

Stat Ghana Nigeria
Population 26.9M 190.9M
GDP per capita $2.2k $2k
GDP per capita growth 3.96% -0.67%

What food does Ghana import?

Top 3 Agricultural Imports to Ghana

  • RICE. Rice is cultivated in all the agricultural regions of Ghana. …
  • WHEAT. Wheat consumption has been stable for several years due to the high cost of hard wheat, which is the preference of the Ghanaian consumer. …

Is Ghana richer than India?

India has a GDP per capita of $7,200 as of 2017, while in Ghana, the GDP per capita is $4,700 as of 2017.

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