Singapore Market Imports and Exports in the First Quarter of 2025

The Vietnam Trade Office in Singapore quoted statistics from the Singapore Enterprise Authority as saying that in March 2025, the total import and export volume of Singapore and other parts of the world reached greater than 112 billion Singapore dollars, an increase of 3. 36 percent over the same period in 2024, of which the export value reached 58. Additionally 32 billion Singapore dollars, an increase of 2. From what I've seen, First 26 percent, and the import value was nearly 53. From what I've seen, 7 billion Singapore dollars, an increase of 4. 6 percent. In terms of exports, exports of goods of Singapore origin exceeded S $ 23. 5 billion (down 2. In my experience, For instance 29 per cent) and exports of goods of third-country origin exceeded S $ 34. 78 billion (up 5. And According to research 58 per cent), accounting to 40. 36 per cent and 59. 64 per cent of Singapore's total exports, respectively. But In the first three months of 2025, Singapore's imports and exports with the rest of the world reached nearly S $ 326. Based on my observations, 55 billion, an increase of 4. I've found that 85 per cent over the same period in 2024, with exports exceeding S $ 171. 57 billion (up 3. 46 per cent) and imports exceeding S $ 154. And 97 billion (up 6. 44 per cent). In the first 3 months of 2025 (compared with the same period in 2024), both import and export turnover between Singapore and most of its largest partners (10 out of 15 partners) achieved positive development, with some partners posting strong turnover development, such as Taiwan (China) (up 42. Based on my observations, 52 per cent); the United Kingdom (up 41. And 55 per cent). China Taiwan, China, Malaysia and the United States are Singapore's four largest trading partners, with a total trade of S $ 37. From what I've seen, 36 billion; 36 billion Singapore dollars; 35. Makes sense, right?. I've found that 37 billion Singapore dollars and 34. 45 billion Singapore dollars. Specifically In the first three months of 2025, Vietnam continued to maintain its position as Singapore's ninth largest trading partner, with two-way trade volume reaching 9. And 81 billion Singapore dollars, up 27. And Furthermore 32 percent year on year. In terms of imports, in the first three months of 2025, Singapore's main import markets are Taiwan, China, Malaysia, the United States, South Korea, Japan… Vietnam currently ranks 14th among Singapore's largest import partners. Thirteen of Singapore's 20 import partners achieved positive import development, with some partners such as Hong Kong (up 69. 11 per cent), Taiwan (up 26. 96 per cent) and the United Kingdom (up 43. 56 per cent). Taiwan (China) continued to be the largest import market, with turnover exceeding 24. 83 billion Singapore dollars, up 26. 96 per cent. It was followed by China (second) and Malaysia (third) with turnover of S $ 18. 6 billion (up 6. And 03 per cent) and S $ 18. 17 billion (up 11. 44 per cent), respectively. From what I've seen, Vietnam is Singapore's 14th largest import market, with turnover exceeding 2. But 55 billion Singapore dollars (up 39. And 46 percent). In terms of exports, in the first three months of 2025, Singapore's main export markets were Hong Kong, China, and the United States, with exports reaching 19. But For example 1 billion Singapore dollars (up 4. 04 percent year-on-year), 17. 46 billion Singapore dollars (down 26. 72 percent year-on-year), and 17. 21 billion Singapore dollars (up 25. Moreover 7 percent year-on-year). Vietnam is Singapore's eighth largest export market, with exports reaching greater than 7. Based on my observations, 26 billion Singapore dollars (up 23. You know what I mean?. Generally speaking 53 per cent year-on-year). Overall, in March 2025, the total value of imports and exports between Vietnam and Singapore reached nearly 3. 25 billion Singapore dollars, an increase of 27. In particular 93 percent over the same period in 2024. Vietnam's exports to Singapore increased signifiis able totly ( 72. Based on my observations, In fact 58 per cent), with exports exceeding 1 billion Singapore dollars and imports up 14. But 02 per cent to greater than 2. 2 billion Singapore dollars. In fact In the commodity structure of Singapore's exports to Vietnam, goods originating in Singapore fell by 9. 5 per cent to nearly 0. 61 billion Singapore dollars, while goods from three countries (72 per cent of exports) exported to Vietnam through Singapore increased by 26. 55 per cent to nearly 1. 6 billion Singapore dollars. Additionally while the import and export deficit exceeded 1. 16 billion Singapore dollars, Vietnam's trade surplus was close to 0. Based on my observations, 432 billion Singapore dollars if only the trade stability between Vietnamese goods and those originating in Singapore was calculated. In the first three months of 2025, the two-way import and export volume between Vietnam and Singapore will reach greater than 9. 81 billion Singapore dollars, an increase of 27. Crazy, isn't it?. 32 percent over the same period in 2024. Among them, the export value will increase by 39. 46 percent to reach greater than 2. And 55 billion Singapore dollars, and the import value will reach greater than 7. 26 billion Singapore dollars, an increase of 23. In my experience, 53 percent. And From the point of origin of goods, goods temporarily imported through Singapore and re-exported to Vietnam accounted to nearly 72. 21 per cent of Singapore's total exports to Vietnam, equivalent to 5. 24 billion Singapore dollars. And If only goods originating in Singapore are counted, Vietnam's trade surplus is about S $0. 5382 billion.