Insights for Singapore

MoM insights: In the month-on-month analysis, imports from 'Other Asia, nes' saw the highest increase with a trade value of 12.83B SGD, reflecting a significant value change of 924M SGD (7.76%). Australia followed with 1.37B SGD, increasing by 761M SGD (124.55%). Thailand also showed a notable increase with 2.29B SGD, up by 516M SGD (29.05%). On the lower end, imports from Cambodia dropped to 54M SGD, down by 466M SGD (-89.62%). Hong Kong's imports decreased to 882M SGD, down by 441M SGD (-33.33%). Japan's imports fell to 2.88B SGD, down by 417M SGD (-12.63%). For exports, 'Other Asia, nes' led with 11.23B SGD, increasing by 5.12B SGD (83.70%). Thailand's exports reached 6.17B SGD, up by 3.45B SGD (126.46%). Mexico's exports were 2.36B SGD, increasing by 2.03B SGD (616.72%). Conversely, exports to the United Kingdom fell to 933M SGD, down by 1.25B SGD (-57.20%). The United States saw a decrease to 5.86B SGD, down by 696M SGD (-10.62%). Exports to Malaysia dropped to 6.07B SGD, down by 572M SGD (-8.61%).

YoY insights: In the year-on-year analysis, imports from 'Other Asia, nes' increased to 12.83B SGD, with a value change of 2.56B SGD (24.99%). The United States also saw a rise to 6.57B SGD, up by 1.34B SGD (25.76%). Thailand's imports reached 2.29B SGD, increasing by 1.15B SGD (101.23%). On the downside, imports from Malaysia fell to 5.99B SGD, down by 455M SGD (-7.06%). Brazil's imports decreased to 662M SGD, down by 208M SGD (-23.91%). Ireland's imports dropped to 132M SGD, down by 195M SGD (-59.63%). For exports, 'Other Asia, nes' again led with 11.23B SGD, increasing by 6.45B SGD (134.95%). Thailand's exports reached 6.17B SGD, up by 4.11B SGD (200.00%). Mexico's exports were 2.36B SGD, increasing by 2.15B SGD (1033.65%). On the lower end, exports to Malaysia fell to 6.07B SGD, down by 669M SGD (-9.93%). Indonesia's exports decreased to 4.06B SGD, down by 475M SGD (-10.46%). Switzerland's exports dropped to 244M SGD, down by 265M SGD (-52.06%).