Country profile
Singapore
Asia's main trading and transshipment hub, with semiconductor fabs, refining and petrochemicals; much of its trade is re-exports.
Updated 11 November 2026. Sources at the bottom of the page.
- Capital
- Singapore
- Population
- 6.12 million (2026)
- Currency
- Singapore dollar (SGD)
- GDP, 2026
- US$668 billion
- Exports, 2025
- US$566.1 billion
- Exchange rate
- 1 USD = 1.28 SGD (10 Nov 2026)
Economy
IMF World Economic Outlook, October 2026. 2026 and 2027 are IMF projections.
5%Real GDP growth, 2026
3%Real GDP growth, 2027
2.3%Inflation, 2026
2.1%Unemployment, 2026
166.4% of GDPGovernment debt, 2026
16.7% of GDPCurrent account, 2026
Compare Singapore with other countries →
Trade
Top export markets
Share of the country’s exports, 2025
- Hong Kong (11.1%)
- China (10.9%)
- Malaysia (9.9%)
- United States (9.6%)
- Taiwan (8.7%)
Main exports
Product groups, share of exports
- Electrical machinery and equipment, including chips (36.4%)
- Machinery, including computers (22.4%)
- Mineral fuels, refined products (9.4%)
- Optical, technical and medical apparatus (4.7%)
- Gems and precious metals (4.5%)
Main trade agreements
- ASEAN Free Trade Area
- Regional Comprehensive Economic Partnership (RCEP)
- Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
- EU–Singapore and US–Singapore free trade agreements
- More than 25 other free trade agreements
Trade policy to watch
- Re-exports: a large share of Singapore’s exports are goods made elsewhere and shipped on.
- Carbon tax: Singapore’s carbon tax is rising, to S$45 per tonne in 2026 and 2027.
- Strategic goods controls: Singapore controls exports and transshipment of strategic and dual-use goods.
Energy
Imported natural gas produces about 95% of Singapore's electricity. Singapore plans to import low-carbon electricity from neighbouring countries.
What it means for your supply chain
- Check the country of origin of goods bought from Singapore distributors, not just the shipping point.
- Singapore is a regional base for distribution, procurement offices and semiconductor and specialty chemical production.
- Port of Singapore delays ripple through Asian supply chains; watch congestion reports.
Sources
- IMF, World Economic Outlook, October 2026: GDP, growth, inflation, unemployment, government debt, current account (2026 and 2027 are projections; updated automatically).
- IMF, World Economic Outlook database: population (2026 estimate).
- World’s Top Exports: export markets and main exports.
- Bank of Canada, daily exchange rates (cross rates calculated from CAD rates; updated daily).
- Energy Institute, Statistical Review of World Energy 2026: energy profile.
Figures are the latest published at the time of the update and may since have been revised. This page is for general information, not investment or legal advice.