Top 10 Largest Export Products of Singapore

Discover the top export products of Singapore, including its Largest export products of Singapore and Singapore’s main exports, with a comprehensive list of Top 10 Singapore export products. Explore the Singapore export goods list and its Major exports from Singapore 2024, along with insights into Singapore’s top exports and trading partners.

The Top 10 Singapore export products are integrated circuits/micro assemblies, processed petroleum oils, machinery for making semi-conductors, gold (unwrought), turbo-jets, phone devices including smartphones, solar power diodes/semi-conductors, computers, optical readers, other food preparations, and beauty/makeup/skincare preparations.

Singapore is a global hub for trade and commerce, and its exports play a major role in its economy. In 2022, Singapore’s total exports amounted to US$514.8 billion, making it the 15th largest exporter in the world. That monetary figure represents a 24.9% rise over 2018 when Singaporean exports amounted to $412.1 billion. Singapore’s total export value increased by 12.5% year on year, reaching $457.7 billion in 2021.

#GlobalTrade #ExportPowerhouse #SingaporeEconomy #SupplyChain #MadeInSingapore

In this article, we will look into the list of the top 10 largest export products of Singapore along with the overall value of its global shipments.

Singapore, despite its small geographical size, is a significant player in global trade, thanks to its strategic location and robust economy. The country’s export products span a wide range of sectors, reflecting its diversified economy and the emphasis on high-value manufacturing and services. The key export products of Singapore are Integrated Circuits, machinery equipment, pharmaceuticals, and chemicals, petroleum etc. #PharmaExports #Healthcare #MedicalAdvancements

75.3% of Singapore’s exports were purchased by importers in the following countries – Hong Kong (11.2%), Malaysia (10%), United States of America (8.8%), Indonesia (7.2%), Taiwan (4.9%), South Korea (4.05%), Japan (4.04%), Thailand (3.4%), Vietnam (3.3%), Australia (3.2%), and India (2.7%). Mainland China accounted for 12.4% of the world’s total exports. The below table lists the top 10 export products of Singapore:

In 2022, Singapore exported $6.2 billion worth of beauty and skincare products, making it the second largest exporter in the Asia-Pacific region.

• Singapore’s top destinations for beauty and skincare products in 2022 were China and Korea.  China: $2.81 billion in 2022 and Korea: $1.83 billion in 2022.
• Singapore’s cosmetics market was valued at $267.55 billion in 2021, and is expected to be worth $402.89 billion by 2030.
• Some cosmetics exported by Singapore may obtain halal or vegan certification to serve to specific consumer preferences and dietary requirements. Halal and vegan cosmetics are formulated without ingredients derived from animals or alcohol, making them suitable for Muslim and vegan consumers globally.
• Singapore has several cosmetics brands, including multinational corporations, local brands, and niche beauty companies. These brands offer a variety of skincare and makeup products contributing to Singapore’s reputation as a cosmopolitan beauty destination.

#BeautyExports #Fragrance #Skincare

Miscellaneous food preparations are the ninth largest export product of Singapore in 2022, worth $6.8 billion. Other food preparations include chocolate and other cocoa food, fats of bovine animals, sheep or goat, sauces, condiments, seasonings, snacks, ready-to-eat meals, canned foods, and food additives.

• Value-added processing is applied to a large number of Singapore’s food preparation exports, improving their flavor, texture, shelf life, and convenience. Manufacturers apply specific ingredients, herbs, spices, and culinary skills to make unique and delicious food products.
• Singapore’s food preparations represent a rich diversity of cuisines from around the world, including Asian, Western, Middle Eastern, and fusion cuisines.
• Singapore maintains strict quality and safety standards for food preparations to ensure consumer health and confidence.
• Some food preparations exported by Singapore may obtain halal or kosher certification to comply with religious dietary requirements and appeal to Muslim and Jewish consumers globally. Halal and kosher certification enhance the marketability and acceptance of these products in specific target markets.

Computers are Singapore’s eighth largest export product. In 2022, Singapore exported $10.5 billion in computers.

• Singapore’s main destinations for computers are India, Japan, South Korea, Australia, and the Philippines.
• Singapore exports several computing devices, including desktop computers, laptops, tablets, and associated devices such as optical readers. These products are essential tools for businesses, education, and personal use, promoting global demand.
• Singapore has several multinational technology companies and original equipment manufacturers (OEMs) that produce computers and optical readers.
• Singapore’s exports of computers and optical readers are part of a global supply chain network that involves sourcing components, assembly, and distribution across multiple countries.

#MachineryExports #TechIndustry #Manufacturing

In 2021, Singapore exported $13 billion in semiconductor devices, making it the world’s seventh largest exporter of semiconductor devices. In 2021, Singapore exported $570 million in parts of semiconductor devices and similar devices.

• In 2022, the main destinations for semiconductor device exports were China ($146 million), Hong Kong ($97.5 million), Malaysia ($76.5 million), Netherlands ($64.8 million), and India ($28.4 million).
• Singapore exports solar power diodes and semiconductors to global markets, including countries with growing solar energy industries such as China, the United States, India, and Europe.
• Singapore invests in research and development (R&D) initiatives to encourage innovation in solar energy technology, including solar power diodes and semiconductors.
• The Singaporean government supports the development of the renewable energy industry, including solar energy, through policies, incentives, and funding initiatives.

#Semiconductor

Singapore is the sixth-largest electronics exporter in the world, with electronics exports valued at $13.5 billion in 2022.

• Singapore is known for its electronics manufacturing capabilities and its role as a hub for the electronics industry in Southeast Asia.
• In 2022, Singapore’s top 10 export partners for mobile phones were China, Malaysia, United States, Vietnam, Indonesia, Philippines, India, Hong Kong. In 2024, the revenue in the smartphones market in Singapore is estimated to be US$ 15.1bn.
• Singapore’s smartphone facilities assemble smartphones from components sourced globally, including displays, batteries, and casings. Singapore’s manufacturing ecosystem ensures high-quality production and efficient supply chain management.
• Singapore’s phone device exports include products from various brands, including global smartphone manufacturers as well as Singapore-based electronics companies.

#MedicalTech #PrecisionInstruments #HealthcareExports

In 2022, Singapore exported $15.2 billion in turbo-jet engines with a thrust greater than 25 KN, making it the fifth largest exporter of turbo-jet engines.

• Singapore’s main export destinations for turbo-jets are France, Germany, and Poland.
• Singapore’s aerospace industry includes various segments, including aircraft engine manufacturing, maintenance, repair, and overhaul (MRO) services, and aerospace component manufacturing.
• Turbojets and turbofan engines are critical components of aircraft propulsion systems. Singapore exports turbojet and turbofan engines, along with associated components and parts, to aircraft manufacturers and operators worldwide.
• The global demand for aircraft engines, including turbojets and turbofans, continues to grow due to increasing air travel demand, fleet expansion, and the need for fuel-efficient and environmentally friendly propulsion systems.

Unwrought gold is Singapore’s fourth-most exported product. In 2022, Singapore’s gold exports were worth $15.4 million.

• In 2021, Singapore bought $15.1 billion in gold, ranking as the world’s seventh largest gold importer.
• The main destinations for Singapore’s non-monetary gold exports are Cambodia ($5.68 billion), China ($1.4 billion), Malaysia ($1.37 billion), Chinese Taipei ($268 million), and India ($236 million)
• These exports consist of raw or semi-processed gold in the form of bars, granules, or ingots, which are used in jewelry manufacturing, investment, industrial applications, and central bank reserves.
• Singapore serves as a trading gateway between gold-producing regions in Asia, such as Australia and Indonesia, and major gold-consuming markets in Asia, including China and India.

#GemExports #GoldAndDiamonds #LuxuryGoods

In 2022, Singapore exported $21 billion worth of semiconductor devices. Singapore’s main semiconductor device export locations are Hong Kong ($1.46 billion), China ($992 millions), Malaysia ($703 millions), United States ($389 million), and India ($284 million).

• Singaporean electronics manufacturers account for 11% of the worldwide semiconductor wafer foundry output and 25% of the global printer market.
• Singapore is a major global supplier of semiconductor manufacturing equipment, with several homegrown and multinational companies manufacturing and exporting such machinery from the country.
• Singapore’s expertise in precision engineering, automation, and advanced manufacturing technologies contributes to its competitiveness in producing semiconductor manufacturing equipment.
• Singapore exports machinery for making semiconductors to major semiconductor manufacturing regions worldwide, including countries in Asia, North America, and Europe.

#ElectricalExports #TechTrade #SingaporeInnovation

Processed petroleum is Singapore’s second most exported product. Singapore exported the largest amount of refined petroleum products in Asia, a total of $63 billion in 2022.

• Singapore’s main export destinations for processed petroleum include: Australia ($6.57B), Malaysia ($6.37B), Indonesia ($6.03B), Hong Kong ($2.06B), and Burma ($1.96B).
• In 2021, Singapore exported $40.8 billion in refined petroleum, ranking as the world’s sixth highest exporter. The same year, refined petroleum was Singapore’s second most exported product.
• From 2020 to 2021, the fastest expanding export markets for Singapore’s refined petroleum were Australia ($3.75 billion), Indonesia ($2.21 billion), and Malaysia ($2.06 billion).
• Singapore has become one of the most important shipping centers in Asia. It is frequently recognized as one of the world’s top three oil trading and refining hubs.

#EnergyExports #PetroleumProducts #FuelTrade

Electronic integrated circuits and microassemblies (commodity group 8542) were exported by Singapore in 2022, which represented 13.6% of global exports. Singapore exported $122 billion worth of these goods in 2022.

• Singapore’s integrated circuit exports were $77 billion in 2021, making it the world’s second most exported product that year.
• Singapore’s top export destinations for integrated circuits are Hong Kong ($38.9 billion), China ($14.2 billion), Chinese Taipei ($6.11 billion), Malaysia ($4.6 billion), and South Korea ($2.55 billion).
• Singapore’s fastest growing export markets for integrated circuits between 2020 and 2021 were Hong Kong ($11 billion), China ($3.59 billion), and Chinese Taipei ($1.98 billion).
• The production of integrated circuits requires high precision manufacturing processes conducted in cleanroom environments. Singapore’s integrated circuits industry is equipped with advanced facilities and skilled workforce to ensure the quality and reliability of the manufactured products.

• Consumer Electronics
• Chemicals and Chemical Products
• Pharmaceuticals
• Machinery

Also Read: Exporting And Importing

• High-tech goods like integrated circuits and computers.
• Biotech products, including pharmaceuticals.
• Energy products, notably refined petroleum.

• Integrated Circuits: The cornerstone of Singapore’s tech export.
• Refined Petroleum and Petroleum Gas: Essential energy exports.
• Pharmaceuticals: Highlighting Singapore’s biotech strength.

• China, Malaysia, and Indonesia are top destinations for exports.
• Electronics, chemicals, and oil products are the primary exports.
• The United States and the European Union are also key trading partners.

• Integrated Circuits: Leading the export list by value.
• Refined Petroleum: Making Singapore a crucial player in the global oil market.
• Pharmaceuticals: Showcasing Singapore’s growing biotech industry.

In conclusion, Singapore’s top exports are electrical machinery, machinery, mineral fuels, optical, photographic, medical equipment, precious stones, plastics, organic chemicals, essential oils, resinoids, and pharma products. Singapore’s status as a global trading hub is highlighted by its major exports, which include electronics and electrical equipment, petroleum and chemical products, pharmaceuticals and biomedical products, machinery and equipment, and precision and optical instruments. Singapore exports mostly to China, Hong Kong, United States, Malaysia, and Indonesia. #ChemicalExports #ChemicalIndustry #ChemicalInnovation

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What are the top exports of Singapore?

Singapore’s top exports include Integrated Circuits, Refined Petroleum, Machinery Having Individual Functions, and Gold.

Which product is Singapore’s highest export?

Integrated Circuits are Singapore’s highest export, with a significant value of $81.9 billion.

Are there any major export companies in Singapore?

Yes, major export companies in Singapore include Wajilam Export Singapore (wood, chocolate), Asahi Glass Singapore (glass sheets), and Sephora Singapore (copper products).

What categories do Singapore’s major exports fall into?

Singapore’s major exports fall into categories such as electronics and electrical equipment, petroleum and chemical products, pharmaceuticals, and biomedical products.

How does Singapore’s export strategy affect its economy?

Singapore’s export strategy, focusing on high-value products like integrated circuits and refined petroleum, significantly contributes to its economy, making it a key player in global trade.

What are the top 10 exports of Singapore?

The top 10 exports of Singapore Machinery, electronics, refined petroleum, integrated circuits, gold, pharmaceuticals, optical and medical equipment, organic chemicals, aircraft, and plastics.

What is Singapore’s main export?

Singapore’s main export is machinery and electronics, including integrated circuits and semiconductor manufacturing equipment.

What can I export from India to Singapore?

India can export items such as petroleum products, gems and jewelry, pharmaceuticals, machinery, textiles, and agricultural products to Singapore.

What can we export to Singapore from India?

Exportable goods from India to Singapore include textiles, agricultural products, pharmaceuticals, machinery, electronics, and automotive components.

Which goods are exported from India to Singapore?

India exports various goods to Singapore, including textiles, jewelry, pharmaceuticals, machinery, electronics, and organic chemicals.

What foods does Singapore export?

Singapore primarily exports processed foods, including seafood, meat products, sauces, condiments, and packaged snacks to international markets.

How to export goods from Singapore?

To export goods from Singapore, businesses need to register with the Singapore Customs, obtain necessary permits, prepare shipping documentation, and comply with export regulations and requirements.

Why does Singapore export so much?

Singapore’s strategic location, advanced infrastructure, business-friendly environment, and diverse economy contribute to its significant export activity across various industries.

What is Singapore’s largest export?

Singapore’s largest export is machinery and electronics, particularly integrated circuits, which are essential components in various electronic devices.

How many countries does Singapore export to?

Singapore exports its products to over 200 countries and territories worldwide, facilitated by its extensive network of trade agreements and global logistics connections.