Insights for Singapore

MoM insights: In the month-on-month analysis, Singapore's imports totaled 54.1B SGD, reflecting a significant decrease of 9.21B SGD, which corresponds to a -14.55% change. The top three countries contributing to this decline were China with a drop of 1.72B SGD, Malaysia with a decrease of 827M SGD, and Thailand with a reduction of 784M SGD. Conversely, the highest increases in imports were from Switzerland, which rose by 957M SGD, the United Arab Emirates with an increase of 291M SGD, and Japan with a growth of 192M SGD. For exports, the total was 59.86B SGD, down by 17.56B SGD, a -22.68% change. The largest decreases came from Other Asia, nes with a drop of 4.72B SGD, China with a reduction of 2.37B SGD, and Hong Kong with a decline of 1.96B SGD. The top increases in exports were from Australia, which rose by 719M SGD, Cambodia with an increase of 635M SGD, and Liberia with a growth of 91M SGD.

YoY insights: In the year-on-year analysis, imports totaled 54.1B SGD, showing an increase of 7.7B SGD, which is a 16.60% change. The top contributors to this growth were Other Asia, nes with an increase of 3.46B SGD, Switzerland with a rise of 1.33B SGD, and Vietnam with a growth of 977M SGD. The lowest changes were seen in Malaysia, which decreased by 575M SGD, Indonesia with a drop of 378M SGD, and Brazil with a reduction of 338M SGD. For exports, the total was 59.86B SGD, reflecting a growth of 5.96B SGD, a 11.05% change. The highest increases were from Other Asia, nes with a rise of 3.05B SGD, Thailand with an increase of 1.97B SGD, and Cambodia with a growth of 1.15B SGD. The lowest changes were in Indonesia, which decreased by 788M SGD, the United States with a drop of 661M SGD, and China with a reduction of 473M SGD.