USA
↔
Singapore

USA-Singapore Bilateral Trade Analysis 2023

Complete trade statistics: $75.05B total volume •USA surplus: $9.98B

USA → Singapore

$42.52B

Exports (2023)

Singapore → USA

$32.53B

Imports (2023)

Trade Balance

$9.98B

Surplus for USA

Total Trade

$75.05B

Combined Volume

Trade Flow Visualization

Direct trade relationship between USA and Singapore. Green line shows exports from USA, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the USA-Singapore commercial relationship and competitive positioning in global markets.

USA → Singapore Exports

$42.52B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
18.3% top product
1Oils: petroleum oils and oils obtained from bituminous minerals, crude
$7.80B
18.3% of exports
2Aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg
$3.79B
8.9% of exports
3Turbo-jets: of a thrust exceeding 25kN
$3.55B
8.3% of exports
4Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803
$1.96B
4.6% of exports
5Machines and apparatus of heading 8486: parts and accessories
$888.80M
2.1% of exports
6Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils
$776.73M
1.8% of exports
7Metals: gold, non-monetary, unwrought (but not powder)
$569.01M
1.3% of exports
8Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus
$562.80M
1.3% of exports
9Machines and apparatus of a kind used solely or principally for the manufacture of semiconductor devices or of electronic integrated circuits
$541.28M
1.3% of exports
10Units of automatic data processing machines: processing units other than those of item no. 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit: storage units, input units or output units
$408.69M
1.0% of exports

🎯 Strategic Export Focus

USA's export portfolio to Singapore demonstrates strong diversification across multiple sectors, with oils: petroleum oils and oils obtained from bituminous minerals, crude representing a key competitive advantage in this bilateral market.

Singapore → USA Imports

$32.53B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
15.9% concentration
1Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale
$5.17B
15.9% of imports
2Food preparations: n.e.c. in item no. 2106.10
$3.04B
9.3% of imports
3Nucleic acids and their salts, other heterocyclic compounds, n.e.c. in heading number 2934
$3.00B
9.2% of imports
4Medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale
$2.80B
8.6% of imports
5Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils
$1.81B
5.6% of imports
6Therapeutic respiration apparatus: ozone, oxygen, aerosol therapy apparatus: artificial respiration or other therapeutic respiration apparatus
$1.20B
3.7% of imports
7Machines and apparatus of a kind used solely or principally for the manufacture of semiconductor devices or of electronic integrated circuits
$1.11B
3.4% of imports
8Artificial parts of the body: excluding artificial joints
$649.50M
2.0% of imports
9Reagents: diagnostic or laboratory reagents on a backing and prepared diagnostic or laboratory reagents whether or not on a backing, other than those of heading no. 3002 or 3006: certified reference material
$549.25M
1.7% of imports
10Floating or submersible drilling or production platforms
$536.52M
1.6% of imports

📦 Import Strategy Analysis

USA's import pattern from Singapore reveals strategic sourcingin blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

USA demonstrates competitive strength in exportingoils: petroleum oils and oils obtained from bituminous minerals, crude to Singapore, leveraging comparative advantages.

Export Leader in 20+ Categories
🔄

Trade Complementarity

The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.

Highly Balanced
📈

Growth Potential

The $75.05B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

Executive Summary: USA-Singapore Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $75.05 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: USA maintains a surplus of $9.98 billion
  • Export Focus: USA's primary exports include oils: petroleum oils and oils obtained from bituminous minerals, crude, aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg, turbo-jets: of a thrust exceeding 25kn
  • Import Dependencies: Key imports from Singapore include blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale, food preparations: n.e.c. in item no. 2106.10, nucleic acids and their salts, other heterocyclic compounds, n.e.c. in heading number 2934

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationDiversified
Trade Balance HealthBalanced

📈 Market Position: This bilateral trade relationship represents one of the world's largest trade partnerships, with complementary economic strengths driving sustained commercial exchange.

Historical Trade Analysis & Economic Context

Trade Evolution Timeline

2019-2023: Recent Trends

Current trade volume of $75.05B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.

2015-2019: Growth Period

Sustained expansion in bilateral trade driven by complementary economic structures, with USA leveraging its comparative advantages in oils: petroleum oils and oils obtained from bituminous minerals, crude.

2010-2015: Foundation Building

Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.

Pre-2010: Early Development

Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.

Key Economic Drivers

1

Comparative Advantage

USA's specialization in oils: petroleum oils and oils obtained from bituminous minerals, crudecomplements Singapore's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $75.05B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyModerate
🔮

Trade Relationship Outlook

The $75.05B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.

Economic Impact & Strategic Outlook

Economic Impact Assessment

💰

Trade Volume Impact

The $75.05 billion bilateral trade volume represents a major economic driverfor both economies.

Economic Significance: Very High
🏭

Industrial Integration

Trade flows in oils: petroleum oils and oils obtained from bituminous minerals, crude and blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

USA's trade surplus of $9.98 billion strengthens its overall economic position in this bilateral relationship.

Balance Impact: Well Balanced

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg present expansion opportunities.
Market Diversification
Beyond current focus on blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
Moderate concentration in key sectors requires monitoring
Market Competition
Global competition in oils: petroleum oils and oils obtained from bituminous minerals, crude may affect future market positioning.

🎯Strategic Recommendations

  • Strengthen cooperation in high-value sectors beyond current trade patterns
  • Develop alternative supply chains to reduce dependency risks
  • Explore joint ventures in emerging technology sectors
  • Enhance trade facilitation and reduce transaction costs

Market Position & Competitive Summary

The bilateral trade relationship between USA and Singapore represents a total trade volume of $75.05 billion in 2023. This partnership demonstrates a favorable trade balance for USA, with exports exceeding importsby $9.98 billion.

Export Strengths

USA's exports to Singapore total $42.52 billion, with competitive advantages in oils: petroleum oils and oils obtained from bituminous minerals, crude, representing $7.80B or18.3% of bilateral exports.

Import Dependencies

Imports from Singapore amount to $32.53 billion, highlighting economic interdependence in blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale, with Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale comprising15.9% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates USA's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.

Download Bilateral Trade Data

Access detailed trade data between USA and Singapore in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023