Trade in goods with USA SITC (Standard International Trade Classification)
Suomeksi - in Finnish

Singapore trade flows with USA by SITC*) product sections during 2023/3 - 2023/7

*) Standard International Trade Classification (classification system is maintained by the United Nations)


Share of USA's2023/3
%
2023/4
%
2023/5
%
2023/6
%
2023/7
%
Export1.7 2.2 1.8 2.2 2.1
Import1.3 1.7 1.2 1.4 1.3
Trade in Goods1.4 1.9 1.4 1.7 1.6

USA's foreign trade with Singapore, exports to Singapore and imports from Singapore in Juli 2023


The text of the following analysis is produced by a computer program. The program is a test version and its rule base at this stage is still quite limited.

In Juli Singapore was USA's 16. most important foreign trade partner. Trade with Singapore represented in Juli of 2023, 1.6 per cent share of USA's foreign trade in goods, 2.1 % of USA's exports and 1.3 % of imports. $6.6 billion worth of trade was 0.6 per cent lower than in Juli of the previous year. In Juli the trade balance with Singapore was $27 million in deficit for United States of America.

The value of imports from Singapore was 48.4 per cent higher than in Juli of the previous year, thus amounting to $3.3 billion. Major product categories of imports from Singapore were Sitc931 (special transactions and commodities not classified according to kind), representing 21.5 percent of imports, Sitc515 (organo-inorganic compounds, heterocyclic compounds, nucleic acids and their salts, and sulphonamides) 16.5 % and Sitc542 (medicaments (including veterinary medicaments)) 9.0 % of the imports.

The value of exports to Singapore declined by 25.5 per cent compared to in Juli of the previous year, thus amounting to $3.3 billion in Juli 2023. The largest product groups of exports were: Sitc792 (aircraft and associated equipment; spacecraft (including satellites) and spacecraft launch vehicles; parts thereof), which represented a share of 16.4 per cent of total exports, Sitc333 (petroleum oils and oils obtained from bituminous minerals, crude) 14.3 % and Sitc971 (gold,non-monetary) 9.3 % of the exports.

Development during January-Juli 2023

During January-Juli, the value of trade in goods between the two countries rose to $46.9 billion. Growth compared to the corresponding period of the previous year was 4.5 percent. During January-Juli the value of imports was $23.3 billion. The export value was $23.6 billion. Compared to the corresponding period in 2022, the value of imports during this period increased by 26.8 %. The largest product group in terms of imports has been Sitc541 (medicinal and pharmaceutical products, other than medicaments of group 542), worth $4.0 billion. In export the largest value had Sitc333 (petroleum oils and oils obtained from bituminous minerals, crude), worth being $4.5 billion. The value of exports during this period decreased by 10.9 %. The trade balance between USA and Singaporen between January and Juli was in surplus for USA. The timing surplus was $279 million.


Table: USA's export to Singapore (SG) during 2023/3 - 2023/7

2023 / 32023 / 42023 / 52023 / 62023 / 7
million $%million $%million $%million $%million $%
0. Food and live animals 43.4 1.4 42.5 1.2 46.3 1.5 38.7 1.0 49.0 1.5
00. Live animals 0.2 0.0 0.6 0.0 0.3 0.0 0.1 0.0 0.1 0.0
01. Meat and meat preparations 9.0 0.3 6.8 0.2 7.1 0.2 4.7 0.1 6.1 0.2
02. Dairy products and birds' eggs 5.0 0.2 4.4 0.1 3.3 0.1 2.8 0.1 3.4 0.1
03. Fish and fish preparations 0.6 0.0 0.6 0.0 1.3 0.0 1.0 0.0 0.4 0.0
04. Cereals and cereal preparations 1.6 0.1 2.0 0.1 2.8 0.1 2.3 0.1 9.2 0.3
05. Vegetables and fruit 7.8 0.3 7.5 0.2 10.5 0.3 10.3 0.3 11.5 0.3
06. Sugars,sugar preparations and honey 3.6 0.1 3.2 0.1 2.5 0.1 3.1 0.1 1.7 0.1
07. Coffee,tea,cocoa,spices 3.9 0.1 3.2 0.1 3.7 0.1 3.5 0.1 4.3 0.1
08. Feeding stuff for animals 2.5 0.1 3.3 0.1 2.5 0.1 1.9 0.1 3.0 0.1
09. Miscellaneous edible products and preparations 9.1 0.3 10.9 0.3 12.3 0.4 8.8 0.2 9.4 0.3
1. Beverages and tobacco 3.8 0.1 7.4 0.2 8.1 0.3 9.0 0.2 6.2 0.2
11. Beverages 3.5 0.1 7.4 0.2 8.1 0.3 9.0 0.2 6.1 0.2
2. Crude materials,inedible,except fuels 17.2 0.6 13.1 0.4 13.7 0.5 16.7 0.4 20.0 0.6
21. Hides,skins,furskins,raw 1.2 0.0 1.8 0.1 1.9 0.1 4.9 0.1 4.6 0.1
23. Crude rubber (incl.synthetic) 7.1 0.2 5.2 0.1 2.5 0.1 4.7 0.1 7.3 0.2
25. Pulp and waste paper 0.1 0.0 0.7 0.0 0.8 0.0 0.5 0.0 0.4 0.0
26. Textile fibres and their wastes 1.9 0.1 0.6 0.0 1.0 0.0 1.0 0.0 2.5 0.1
27. Crude fertilizers and crude minerals 1.1 0.0 0.8 0.0 0.7 0.0 0.7 0.0 0.6 0.0
28. Metalliferous ores and metal scrap 4.5 0.1 2.0 0.1 5.5 0.2 3.2 0.1 3.3 0.1
29. Crude animal,vegetable materials n.e.s. 1.2 0.0 1.8 0.1 0.9 0.0 1.3 0.0 1.0 0.0
3. Mineral fuels etc 197.4 6.4 896.2 25.5 601.0 20.0 831.5 22.3 534.7 16.2
32. Coal,coke and briquettes 00 00 45.5 1.5 00 12.9 0.4
33. Petroleum and products 196.9 6.4 827.3 23.6 498.4 16.6 741.7 19.9 521.8 15.8
34. Gas,natural and manufactured 0.4 0.0 68.9 2.0 57.1 1.9 89.8 2.4 00
4. Animal and vegetable oils and fats 26.1 0.8 65.0 1.9 0.5 0.0 0.2 0.0 7.4 0.2
41. Animal oils and fats 0.4 0.0 12.6 0.4 0.4 0.0 0.1 0.0 0.4 0.0
42. Fixed vegetable fats and oils 0.0 0.0 9.9 0.3 0.1 0.0 0.0 0.0 0.0 0.0
43. Processed animal or vegetable oils,etc. 25.7 0.8 42.5 1.2 0.0 0.0 00 7.0 0.2
5. Chemicals and related products,n.e.s. 531.9 17.2 451.1 12.8 401.5 13.4 434.6 11.7 378.8 11.5
51. Organic chemicals 82.2 2.7 66.9 1.9 43.1 1.4 83.5 2.2 61.3 1.9
52. Inorganic chemicals 16.2 0.5 10.4 0.3 17.4 0.6 18.0 0.5 20.7 0.6
53. Dyeing,tanning and colouring material 8.1 0.3 8.6 0.2 8.1 0.3 9.0 0.2 7.4 0.2
54. Medicinal and pharmaceutical products 110.1 3.6 124.1 3.5 68.6 2.3 97.8 2.6 76.7 2.3
55. Perfume,cleaning etc.preparations 74.6 2.4 45.6 1.3 69.4 2.3 44.9 1.2 50.5 1.5
57. Plastics in primary forms 103.2 3.3 67.7 1.9 79.9 2.7 65.9 1.8 57.9 1.7
58. Plastics in non-primary forms 21.4 0.7 22.6 0.6 19.4 0.6 18.6 0.5 20.4 0.6
59. Chemical materials and products,n.e.s. 115.8 3.7 104.7 3.0 95.5 3.2 96.7 2.6 83.7 2.5
6. Basic manufactures 103.0 3.3 99.1 2.8 99.3 3.3 102.5 2.7 94.7 2.9
61. Leather,dressed fur,etc. 0.0 0.0 0.1 0.0 0.6 0.0 0.2 0.0 0.1 0.0
62. Rubber manufactures,n.e.s. 10.0 0.3 9.4 0.3 10.1 0.3 9.3 0.2 9.3 0.3
64. Paper,paperboard and articles thereof 2.3 0.1 2.6 0.1 1.8 0.1 1.9 0.1 2.2 0.1
65. Textile yarn,fabrics,made up articles,etc. 3.6 0.1 3.2 0.1 4.4 0.1 4.0 0.1 4.0 0.1
66. Non-metallic mineral manufactures,n.e.s. 23.7 0.8 18.6 0.5 14.6 0.5 19.6 0.5 19.5 0.6
67. Iron and steel 7.9 0.3 10.9 0.3 12.1 0.4 8.1 0.2 8.6 0.3
68. Non-ferrous metals 16.1 0.5 13.6 0.4 13.0 0.4 12.2 0.3 10.9 0.3
69. Manufactures of metals,n.e.s. 39.1 1.3 40.6 1.2 42.5 1.4 46.7 1.3 40.1 1.2
7. Machinery,transport equipment 1,391.8 45.0 1,412.3 40.2 1,332.2 44.3 1,753.3 47.0 1,398.0 42.3
71. Power generating machinery and equipment 81.4 2.6 86.7 2.5 90.2 3.0 162.7 4.4 106.5 3.2
72. Machinery for specialized industries 155.9 5.0 138.3 3.9 169.0 5.6 192.0 5.1 117.9 3.6
73. Metal working machinery 5.3 0.2 3.8 0.1 4.8 0.2 4.8 0.1 5.0 0.2
74. General industrial machinery n.e.s. 153.7 5.0 145.8 4.2 145.2 4.8 144.7 3.9 153.1 4.6
75. Office machines and adp machines 112.9 3.6 78.8 2.2 82.6 2.8 101.6 2.7 90.8 2.7
76. Telecommunications and sound recording equipment 101.7 3.3 100.7 2.9 98.3 3.3 100.7 2.7 77.6 2.3
77. Electric machinery,n.e.s.and parts 320.5 10.4 269.0 7.7 260.3 8.7 277.1 7.4 284.6 8.6
78. Road vehicles 24.0 0.8 14.1 0.4 27.3 0.9 18.3 0.5 19.3 0.6
79. Other transport equipment 436.6 14.1 575.0 16.4 454.5 15.1 751.4 20.2 543.2 16.4
8. Miscellaneous manufactured articles 426.5 13.8 365.5 10.4 351.3 11.7 371.8 10.0 373.0 11.3
81. Prefabr.buildings;sanitary,lighting etc.fixtrs 1.0 0.0 1.3 0.0 0.9 0.0 1.7 0.0 1.2 0.0
82. Furniture and parts thereof 1.9 0.1 2.6 0.1 1.7 0.1 2.2 0.1 1.9 0.1
83. Travel goods,handbags and sim.containers 1.3 0.0 0.9 0.0 0.9 0.0 0.9 0.0 1.0 0.0
84. Articles of apparel and clothing accessories 2.1 0.1 1.2 0.0 1.2 0.0 1.2 0.0 1.9 0.1
85. Footwear 0.9 0.0 0.4 0.0 0.9 0.0 0.5 0.0 0.6 0.0
87. Instruments and apparates n.e.s. 234.8 7.6 208.0 5.9 202.4 6.7 212.7 5.7 194.1 5.9
88. Photographic equipment,optical goods etc. 24.4 0.8 23.5 0.7 25.1 0.8 24.9 0.7 23.0 0.7
89. Miscellaneous manufactured articles,n.e.s. 160.1 5.2 127.7 3.6 118.2 3.9 127.7 3.4 149.2 4.5
9. Goods not classified elsewhere 354.8 11.5 158.6 4.5 151.3 5.0 170.3 4.6 446.4 13.5
93. Special transactions and commodities not classified 52.7 1.7 34.6 1.0 34.0 1.1 35.5 1.0 29.3 0.9
96. Coin (not gold coin or legal) 0.7 0.0 0.1 0.0 0.4 0.0 0.0 0.0 0.4 0.0
97. Gold,non-monetary 179.9 5.8 3.1 0.1 3.9 0.1 5.6 0.2 308.7 9.3
99. (USA Sitc) Estimate of non-canadian low value shipments; compiled low value shipments to canada; and various export shipments not identified by kind 119.6 3.9 118.1 3.4 112.5 3.7 128.1 3.4 106.6 3.2
0-9. All groups combined 3,095.9 100.0 3,510.8 100.0 3,005.0 100.0 3,728.4 100.0 3,308.2 100.0

Source: US Census Bureau

Table: Import from Singapore (SG) to USA during 2023/3 - 2023/7

2023 / 32023 / 42023 / 52023 / 62023 / 7
million $%million $%million $%million $%million $%
0. Food and live animals 327.4 9.8 315.6 7.6 399.2 12.4 269.3 7.7 300.9 9.0
03. Fish and fish preparations 2.3 0.1 2.3 0.1 2.2 0.1 2.3 0.1 1.5 0.0
04. Cereals and cereal preparations 0.6 0.0 0.8 0.0 0.8 0.0 0.7 0.0 0.8 0.0
07. Coffee,tea,cocoa,spices 0.4 0.0 0.5 0.0 0.9 0.0 0.3 0.0 0.5 0.0
09. Miscellaneous edible products and preparations 324.1 9.7 311.9 7.5 395.3 12.3 265.9 7.6 298.1 8.9
2. Crude materials,inedible,except fuels 9.6 0.3 7.3 0.2 8.0 0.2 7.6 0.2 10.2 0.3
23. Crude rubber (incl.synthetic) 2.0 0.1 2.1 0.1 2.8 0.1 3.5 0.1 2.4 0.1
27. Crude fertilizers and crude minerals 0.9 0.0 0.4 0.0 00 0.0 0.0 00
28. Metalliferous ores and metal scrap 6.3 0.2 4.5 0.1 4.6 0.1 3.7 0.1 7.5 0.2
29. Crude animal,vegetable materials n.e.s. 0.5 0.0 0.3 0.0 0.5 0.0 0.4 0.0 0.2 0.0
3. Mineral fuels etc 132.1 4.0 114.1 2.7 213.1 6.6 122.5 3.5 164.0 4.9
33. Petroleum and products 132.1 4.0 114.1 2.7 213.1 6.6 122.5 3.5 164.0 4.9
4. Animal and vegetable oils and fats 0.1 0.0 0.1 0.0 3.0 0.1 0.1 0.0 0.1 0.0
42. Fixed vegetable fats and oils 0.1 0.0 0.1 0.0 3.0 0.1 0.1 0.0 0.1 0.0
5. Chemicals and related products,n.e.s. 1,438.6 43.1 2,409.4 57.7 987.4 30.7 1,555.7 44.3 1,129.9 33.9
51. Organic chemicals 248.6 7.5 1,279.3 30.6 122.8 3.8 24.9 0.7 555.4 16.7
52. Inorganic chemicals 0.5 0.0 0.2 0.0 0.7 0.0 0.3 0.0 0.4 0.0
53. Dyeing,tanning and colouring material 2.7 0.1 4.3 0.1 2.7 0.1 5.7 0.2 4.6 0.1
54. Medicinal and pharmaceutical products 1,098.8 33.0 1,044.2 25.0 791.0 24.6 1,456.0 41.5 503.0 15.1
55. Perfume,cleaning etc.preparations 4.1 0.1 2.7 0.1 3.8 0.1 2.3 0.1 1.5 0.0
57. Plastics in primary forms 14.2 0.4 17.6 0.4 12.2 0.4 13.5 0.4 16.0 0.5
58. Plastics in non-primary forms 9.7 0.3 3.2 0.1 3.5 0.1 3.0 0.1 7.9 0.2
59. Chemical materials and products,n.e.s. 60.0 1.8 57.8 1.4 50.5 1.6 50.1 1.4 41.2 1.2
6. Basic manufactures 18.6 0.6 15.7 0.4 17.6 0.5 23.7 0.7 20.2 0.6
62. Rubber manufactures,n.e.s. 1.8 0.1 1.4 0.0 1.7 0.1 2.7 0.1 2.3 0.1
64. Paper,paperboard and articles thereof 0.3 0.0 0.2 0.0 1.2 0.0 0.2 0.0 0.2 0.0
65. Textile yarn,fabrics,made up articles,etc. 0.2 0.0 0.4 0.0 0.6 0.0 0.2 0.0 0.4 0.0
66. Non-metallic mineral manufactures,n.e.s. 5.6 0.2 3.2 0.1 3.8 0.1 8.7 0.2 5.6 0.2
67. Iron and steel 0.3 0.0 0.3 0.0 0.3 0.0 0.6 0.0 0.4 0.0
68. Non-ferrous metals 4.2 0.1 4.1 0.1 2.8 0.1 4.3 0.1 4.3 0.1
69. Manufactures of metals,n.e.s. 6.2 0.2 6.2 0.1 7.1 0.2 6.7 0.2 6.8 0.2
7. Machinery,transport equipment 612.5 18.4 621.1 14.9 604.8 18.8 629.2 17.9 521.0 15.6
71. Power generating machinery and equipment 36.9 1.1 36.2 0.9 42.6 1.3 39.3 1.1 37.6 1.1
72. Machinery for specialized industries 146.8 4.4 235.1 5.6 188.2 5.9 211.9 6.0 128.9 3.9
73. Metal working machinery 5.8 0.2 5.5 0.1 5.0 0.2 5.2 0.1 3.6 0.1
74. General industrial machinery n.e.s. 36.6 1.1 31.1 0.7 35.0 1.1 29.6 0.8 29.8 0.9
75. Office machines and adp machines 109.2 3.3 60.1 1.4 53.9 1.7 57.6 1.6 46.7 1.4
76. Telecommunications and sound recording equipment 44.6 1.3 46.2 1.1 44.7 1.4 46.8 1.3 49.5 1.5
77. Electric machinery,n.e.s.and parts 221.3 6.6 196.1 4.7 222.4 6.9 227.1 6.5 215.1 6.4
78. Road vehicles 4.0 0.1 1.7 0.0 4.1 0.1 2.3 0.1 2.8 0.1
79. Other transport equipment 7.4 0.2 9.1 0.2 8.8 0.3 9.4 0.3 6.9 0.2
8. Miscellaneous manufactured articles 433.9 13.0 401.0 9.6 398.7 12.4 373.9 10.7 445.8 13.4
81. Prefabr.buildings;sanitary,lighting etc.fixtrs 0.2 0.0 0.5 0.0 0.1 0.0 0.2 0.0 1.2 0.0
82. Furniture and parts thereof 2.9 0.1 3.2 0.1 3.9 0.1 3.7 0.1 3.7 0.1
83. Travel goods,handbags and sim.containers 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
84. Articles of apparel and clothing accessories 0.5 0.0 1.0 0.0 0.9 0.0 0.3 0.0 0.9 0.0
87. Instruments and apparates n.e.s. 276.3 8.3 233.9 5.6 239.4 7.5 220.8 6.3 243.6 7.3
88. Photographic equipment,optical goods etc. 9.0 0.3 11.8 0.3 10.2 0.3 10.7 0.3 10.0 0.3
89. Miscellaneous manufactured articles,n.e.s. 144.3 4.3 150.4 3.6 144.0 4.5 138.2 3.9 186.2 5.6
9. Goods not classified elsewhere 361.2 10.8 290.7 7.0 579.7 18.0 528.1 15.0 743.1 22.3
93. Special transactions and commodities not classified 333.0 10.0 265.9 6.4 552.0 17.2 499.4 14.2 717.0 21.5
96. Coin (not gold coin or legal) 00 0.0 0.0 1.4 0.0 0.0 0.0 0.0 0.0
97. Gold,non-monetary 1.0 0.0 0.6 0.0 1.0 0.0 0.9 0.0 0.7 0.0
98. (USA Sitc) Estimate of import items valued under $251 and of other low valued items nonexempt from formal entry 26.9 0.8 23.8 0.6 25.2 0.8 27.7 0.8 25.4 0.8
0-9. All groups combined 3,334.2 100.0 4,175.1 100.0 3,211.9 100.0 3,510.3 100.0 3,335.5 100.0

Source: US Census Bureau

Year level (Sitc)

The amount realized in the beginning of 2023 (Sitc)


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