Singapore was the EU's 20th largest partner for imports of goods (1% of total extra-EU imports) and the 13th largest for EU exports of goods (2% of total extra-EU exports) in 2018.
Between 2008 and 2018, the EU ran a trade surplus with Singapore (meaning that it exported more than it imported). This trade surplus was lowest in 2009 and 2010 at €6 billion. In 2018, it peaked at €16 billion, with €37 billion worth of exports of goods from the EU to Singapore and €21 billion of imports from Singapore to the EU.
EU exports to Singapore were dominated by "machinery and vehicles", "chemicals" and "other manufactured products", which together accounted for 79% of EU exports to Singapore. These categories dominated imports even more, making up 86% of EU imports from Singapore. At a more detailed level, "aircraft" were the EU’s most exported product to Singapore, while "organo-inorganic compounds" were the most imported product from Singapore.
Belgium and France: main traders with Singapore among the Member States
Among the Member States, Belgium was the largest importer of goods from Singapore (€5 billion), while France was the largest exporter to Singapore (€8 billion) in 2018.
For further information:
- Statistics Explained article Singapore-EU international trade in goods statistics
- Overview of statistics on international trade in goods
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