Singapore - Trade Balance 2023
$189.2B
−$13.8B from 2022
Singapore's trade balance was $189.2B in 2023, decreased +$13.8B from $203.0B in 2022. This was the 168th highest globally.
Global Ranking - 2023▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | United States | $-797.3B | 16.9% |
| 2nd | India | $-76.2B | 36.2% |
| 3rd | Philippines | $-61.8B | 2.3% |
| 4th | Japan | $-61.0B | 61.5% |
| 5th | France | $-52.4B | 31.4% |
| 6th | United Kingdom | $-39.9B | -16.8% |
| 7th | Ukraine | $-37.9B | -41.7% |
| 8th | Mexico | $-25.9B | 39.8% |
| 9th | Pakistan | $-25.2B | 43.8% |
| 10th | Türkiye | $-21.2B | 36.7% |
| 11th | Bangladesh | $-20.4B | 44.6% |
| 12th | Uzbekistan | $-17.7B | -20.6% |
| 13th | Colombia | $-17.3B | 33.3% |
| 14th | Romania | $-17.0B | 16.9% |
| 15th | Guatemala | $-15.7B | 0.5% |
| 16th | Morocco | $-12.1B | 19.7% |
| 17th | Greece | $-11.6B | 44.7% |
| 18th | Nepal | $-11.3B | 22.8% |
| 19th | Kyrgyz Republic | $-8.9B | -78.3% |
| 20th | Egypt, Arab Republic of | $-8.9B | 72.7% |
| 21st | Dominican Republic | $-8.7B | 26.0% |
| 22nd | Lebanon | $-8.7B | 8.9% |
| 23rd | Honduras | $-8.3B | 5.5% |
| 24th | Kenya | $-7.9B | 17.7% |
| 25th | West Bank and Gaza | $-7.9B | 9.9% |
| 26th | Senegal | $-7.7B | -6.2% |
| 27th | New Zealand | $-7.6B | 43.4% |
| 28th | Iran, Islamic Republic of | $-7.1B | -175.8% |
| 29th | Jordan | $-6.8B | 26.7% |
| 30th | Argentina | $-6.7B | -207.6% |
| 31st | Somalia, Fed. Rep. | $-6.5B | -14.9% |
| 32nd | El Salvador | $-6.4B | 15.7% |
| 33rd | Afghanistan | $-5.8B | -11.0% |
| 34th | Uganda | $-4.9B | -3.7% |
| 35th | Haiti | $-4.0B | 10.0% |
| 36th | Moldova | $-4.0B | 7.8% |
| 37th | Tajikistan | $-3.8B | -9.1% |
| 38th | Serbia | $-3.5B | 49.3% |
| 39th | Bosnia and Herzegovina | $-3.2B | 2.6% |
| 40th | Kosovo | $-3.2B | -4.8% |
| 41st | Côte d'Ivoire | $-3.2B | -3.8% |
| 42nd | Mozambique | $-3.1B | 53.9% |
| 43rd | Tanzania | $-3.0B | 4.5% |
| 44th | Namibia | $-2.9B | -26.5% |
| 45th | Tunisia | $-2.9B | 51.7% |
| 46th | Malawi | $-2.7B | -2.5% |
| 47th | Georgia | $-2.7B | -9.0% |
| 48th | Bolivia, Plurinational State of | $-2.5B | -154.7% |
| 49th | Nicaragua | $-2.4B | 3.3% |
| 50th | Belgium | $-2.3B | 83.0% |
| 51st | Zimbabwe | $-2.2B | 30.5% |
| 52nd | Rwanda | $-2.1B | 1.0% |
| 53rd | North Macedonia | $-2.1B | 28.1% |
| 54th | Cameroon | $-2.0B | -74.3% |
| 55th | Mali | $-2.0B | 7.0% |
| 56th | Congo, Democratic Republic of | $-1.8B | 37.6% |
| 57th | Croatia | $-1.8B | 59.6% |
| 58th | Sri Lanka | $-1.8B | 31.6% |
| 59th | New Caledonia | $-1.7B | 8.5% |
| 60th | Guinea | $-1.7B | -155.8% |
| 61st | Mauritania | $-1.6B | 23.6% |
| 62nd | Latvia | $-1.6B | 15.7% |
| 63rd | French Polynesia | $-1.4B | 0.8% |
| 64th | Montenegro | $-1.4B | 1.4% |
| 65th | Mauritius | $-1.3B | 26.1% |
| 66th | Albania | $-1.3B | 33.9% |
| 67th | Lesotho | $-1.2B | -1.4% |
| 68th | Madagascar | $-1.1B | 22.0% |
| 69th | Burkina Faso | $-1.1B | -11.6% |
| 70th | Benin | $-916.0M | -91.1% |
| 71st | Timor-Leste | $-903.8M | -307.1% |
| 72nd | Sierra Leone | $-857.1M | -4.7% |
| 73rd | Botswana | $-835.4M | -378.6% |
| 74th | Bhutan | $-752.0M | 24.9% |
| 75th | Ghana | $-681.6M | -17.1% |
| 76th | Gambia, The | $-615.9M | -1.3% |
| 77th | Solomon Islands | $-431.0M | -58.2% |
| 78th | Cabo Verde | $-412.5M | 6.5% |
| 79th | Central African Republic | $-373.1M | 24.1% |
| 80th | Greenland | $-342.4M | 7.8% |
| 81st | Armenia | $-339.1M | -135.9% |
| 82nd | Comoros | $-331.4M | -10.7% |
| 83rd | Seychelles | $-306.5M | -58.4% |
| 84th | Guinea-Bissau | $-299.1M | 1.4% |
| 85th | Samoa | $-297.0M | 11.9% |
| 86th | Tonga | $-296.4M | -9.6% |
| 87th | Kiribati | $-276.4M | -10.7% |
| 88th | Micronesia, Federated States of | $-188.0M | 6.5% |
| 89th | Cambodia | $-178.4M | 69.4% |
| 90th | Palau | $-149.8M | 16.8% |
| 91st | Bahamas, The | $-141.5M | 38.9% |
| 92nd | Eswatini | $-125.8M | 26.0% |
| 93rd | Marshall Islands | $-109.1M | 12.9% |
| 94th | Sudan | $-102.7M | -144.8% |
| 95th | Nauru | $-86.4M | 5.1% |
| 96th | Maldives | $-83.6M | -143.7% |
| 97th | Faroe Islands | $41.5M | 1,102.9% |
| 98th | Finland | $67.0M | 101.2% |
| 99th | Belize | $105.6M | 238.3% |
| 100th | Niger | $156.6M | - |
| 101st | Ecuador | $162.5M | 561.7% |
| 102nd | Aruba | $221.7M | 581.1% |
| 103rd | Iceland | $280.9M | 121.7% |
| 104th | Belarus | $339.8M | -92.4% |
| 105th | Estonia | $396.7M | 225.5% |
| 106th | Djibouti | $607.4M | 5.1% |
| 107th | San Marino | $628.6M | 40.9% |
| 108th | Cyprus | $715.3M | -36.0% |
| 109th | Paraguay | $743.0M | 135.4% |
| 110th | Zambia | $951.5M | -70.6% |
| 111th | Equatorial Guinea | $1.5B | -56.0% |
| 112th | Canada | $1.5B | -88.2% |
| 113th | Mongolia | $2.0B | 284.3% |
| 114th | Chad | $2.1B | -24.6% |
| 115th | Slovak Republic | $2.1B | 131.1% |
| 116th | Hong Kong SAR, China | $2.2B | -84.8% |
| 117th | Bermuda | $2.3B | 15.3% |
| 118th | Panama | $2.4B | 23.7% |
| 119th | Brunei Darussalam | $2.5B | -42.0% |
| 120th | Uruguay | $2.6B | -33.9% |
| 121st | Congo, Republic of | $2.7B | -42.2% |
| 122nd | Chile | $3.0B | 125.1% |
| 123rd | Lithuania | $3.1B | 309.6% |
| 124th | South Africa | $3.2B | -63.7% |
| 125th | Portugal | $3.4B | 155.7% |
| 126th | Malta | $4.1B | 83.4% |
| 127th | Turkmenistan | $4.2B | -19.7% |
| 128th | Bulgaria | $4.2B | 316.6% |
| 129th | Costa Rica | $4.6B | 159.2% |
| 130th | Slovenia | $4.7B | 291.1% |
| 131st | Libya | $6.6B | -45.0% |
| 132nd | Puerto Rico (US) | $6.7B | -11.7% |
| 133rd | Gabon | $7.0B | -20.8% |
| 134th | Korea | $7.1B | 8,527.8% |
| 135th | Bahrain | $8.0B | -30.8% |
| 136th | Hungary | $8.7B | 190.2% |
| 137th | Peru | $9.3B | 931.1% |
| 138th | Austria | $9.4B | 374.2% |
| 139th | Algeria | $9.5B | -59.4% |
| 140th | Azerbaijan | $10.5B | -59.7% |
| 141st | Thailand | $10.7B | 201.7% |
| 142nd | Angola | $12.5B | -37.3% |
| 143rd | Israel | $14.5B | 29.9% |
| 144th | Sweden | $16.0B | 84.5% |
| 145th | Czechia | $17.0B | 595.8% |
| 146th | Oman | $17.8B | -22.1% |
| 147th | Macao SAR, China | $17.8B | 9,185.3% |
| 148th | Kazakhstan | $18.2B | -45.4% |
| 149th | Malaysia | $19.1B | -35.0% |
| 150th | Iraq | $26.4B | -54.8% |
| 151st | Luxembourg | $28.6B | 9.0% |
| 152nd | Indonesia | $29.8B | -36.3% |
| 153rd | Kuwait | $32.1B | -41.7% |
| 154th | Viet Nam | $35.2B | 131.0% |
| 155th | Italy | $36.0B | 194.2% |
| 156th | Denmark | $36.4B | -4.3% |
| 157th | Poland | $46.6B | 298.0% |
| 158th | Brazil | $49.8B | 472.6% |
| 159th | Spain | $62.1B | 388.5% |
| 160th | Norway | $74.7B | -55.9% |
| 161st | Australia | $75.6B | -14.7% |
| 162nd | United Arab Emirates | $76.6B | -18.5% |
| 163rd | Saudi Arabia | $77.0B | -59.0% |
| 164th | Russian Federation | $86.0B | -70.4% |
| 165th | Switzerland | $101.5B | -11.1% |
| 166th | Netherlands | $112.9B | 22.9% |
| 167th | Germany | $181.2B | 74.6% |
| 168th | Singapore | $189.2B | -6.8% |
| 169th | Ireland | $189.5B | -16.2% |
| 170th | China | $383.6B | -33.6% |
FAQ
What was Singapore's trade balance in 2023?▾
Singapore's trade balance in 2023 was $189.2B. This ranked 168th globally.
How did Singapore's trade balance change in 2023?▾
Singapore's trade balance decreased by 6.8% in 2023 compared to 2022.
Which country had the highest trade balance in 2023?▾
China had the highest trade balance in 2023 at $383.6B.
What is the trade balance of Singapore in 2023?▾
The trade balance of Singapore in 2023 was $189.2B. This ranked 168th globally.
What was Singapore's trade balance in billion in 2023?▾
Singapore's trade balance in 2023 was approximately 189.18 billion ($189.2B).
How does 2023 compare to 2022 for Singapore's trade balance?▾
Singapore's trade balance went from $203.0B in 2022 to $189.2B in 2023, a 6.8% decrease.
Related
2022
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Full ranking 2023
Exports
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Current Account Balance
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Peak: 2025
Lowest: 1980
Trade Balance 1990s
Trade Balance 2000s
Trade Balance 2010s
Trade Balance 2020s
Highest ever
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