Singapore Trade Balance
External balance on goods and services NE.RSB.GNFS.CD
Singapore's trade balance was $229.4B in 2025, ranked 3rd globally. This represents a 19.1% increase from 2024. Data from World Bank, covering 1960–2025.
Overview
Singapore's trade balance stood at $229.4B in 2025, a rise of +$36.8B from 2024. Based on recent trends, this figure is projected to reach $229.4B by 2025. Singapore ranked 3rd globally.
Singapore's trade balance has demonstrated significant growth over the past six and a half decades, with the latest available figure standing at 229,393,049,621.51 in 2025. This represents the country's all-time peak, indicating a substantial surplus in its foreign trade. Conversely, the trade balance experienced a notable trough in 1980, when it stood at -823,737,698.89, suggesting a considerable deficit at that time. This contrast highlights the country's remarkable progress in its trade dynamics. In comparison to its peers, Singapore's trade balance ranks third globally, with Ireland holding the top spot at 285,202,025,016.60 and Germany ranking fifth at 147,008,193,452.62. The country's continued economic growth and strategic trade policies are likely to sustain its trade surplus, although rising global protectionism and shifts in international trade agreements may challenge this trajectory, possibly necessitating adjustments to its trade strategies.
Data & projection
| Year | Trade Balance | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $268.6B | - | - |
| 2026* trend | $249.0B | - | - |
| 2025* trend | $229.4B | - | - |
| 2025 | $229.4B | +$36.8B | #3 |
| 2024 | $192.6B | +$3.4B | #155 |
| 2023 | $189.2B | −$13.8B | #168 |
| 2022 | $203.0B | +$44.7B | #176 |
| 2021 | $158.3B | +$48.2B | #175 |
| 2020 | $110.1B | −$476.6M | #179 |
| 2019 | $110.5B | −$1.8B | #177 |
| 2018 | $112.4B | +$20.7B | #178 |
| 2017 | $91.7B | +$7.8B | #179 |
| 2016 | $83.9B | −$132.4M | #176 |
| 2015 | $84.1B | +$10.3B | #176 |
| 2014 | $73.8B | +$2.7B | #172 |
| 2013 | $71.1B | −$397.3M | #169 |
| 2012 | $71.5B | −$5.5B | #167 |
| 2011 | $77.0B | +$13.9B | #169 |
Detected Pattern
Analysis
Singapore matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw trade balance improve within 24 months. View full analysis →
Frequently Asked Questions
Singapore's trade balance was $229.4B in 2025. Ranked 3rd globally. This represents a 19.1% increase from the previous year.
Singapore's trade balance peaked at $229.4B in 2025.
The lowest trade balance in Singapore was $-823.7M in 1980.
Singapore ranks 3rd globally in trade balance as of 2025.
The World Bank indicator code is NE.RSB.GNFS.CD. Data sourced from World Bank.
Singapore's trade balance is projected to reach $229.4B by 2025 based on trend extrapolation.
Singapore's trade balance was approximately 229.39 billion ($229.4B) in 2025.
The trade balance of Singapore in 2025 was $229.4B. This ranks 3rd in the world.
Cite this page
@misc{historysaid_singapore_trade-balance,
title = {Singapore Trade Balance},
url = {https://historysaid.com/singapore/trade-balance/},
publisher = {HistorySaid},
year = {2026}
}