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Singapore: Trade Profile
October 2010
Singapore
             
BASIC INDICATORS
Population (thousands, 2009) 4 988Rank in world trade, 2009ExportsImports
GDP (million current US$, 2009) 182 232Merchandise 1415
GDP (million current PPP US$, 2009) 252 898excluding intra-EU trade99
Current account balance (million US$, 2008) 27 181Commercial services1111
Trade per capita (US$, 2007-2009) 155 564excluding intra-EU trade55
Trade to GDP ratio (2007-2009)  406.0
Annual percentage change
2009  2000-200920082009
Real GDP (2000=100)  15552-1
Exports of goods and services (volume, 2000=100)............
Imports of goods and services (volume, 2000=100)............
             
TRADE POLICY
WTO accession1 January 1995Contribution to WTO budget (%, 2010)2.171
Trade Policy Review14, 16 July 2008Import duties collected (%, 2006-2008)
GPA accession 20 October 1997in total tax revenue0.1
Tariffs and duty free importsto total imports0.0
Tariff binding coverage (%)   69.7Number of notifications to WTO and measures in force 
MFN tariffsFinal boundApplied 2009Outstanding notifications in WTO Central Registry  14
Simple average of import dutiesGoods RTAs - services EIAs notified to WTO19 - 15
All goods  10.4  0.0Anti-dumping (30 June 2009)...
Agricultural goods (AOA)  27.3  0.2Countervailing duties (30 June 2009)...
Non-agricultural goods  6.4  0.0Safeguards (19 October 2009)  0
Non ad-valorem duties (% total tariff lines)  0.5  0.0Number of disputes (complainant - defendant) 
MFN duty free imports (%, 2008)Requests for consultation1 - 0
in agricultural goods (AOA)  98.6Original panel / Appellate Body (AB) reports0 - 0
in non-agricultural goods  100.0Compliance panel / AB reports (Article 21.5 DSU)0 - 0
Services sectors with GATS commitments  67Arbitration awards (Article 22.6 DSU)0 - 0
             
MERCHANDISE TRADE ValueAnnual percentage change
2009  2000-200920082009
Merchandise exports, f.o.b. (million US$)  a 269 832...13-20
Merchandise imports, c.i.f. (million US$)  a 245 785...22-23
2009  2009
Share in world total exports   2.16Share in world total imports 1.94
Breakdown in economy's total exportsBreakdown in economy's total imports
  By main commodity group (ITS)  By main commodity group (ITS)
Agricultural products  2.3Agricultural products3.6
Fuels and mining products  16.3Fuels and mining products26.3
Manufactures  73.2Manufactures66.1
  By main destination  By main origin
1. Hong Kong, China  11.61. European Union (27)  13.8
2. Malaysia  11.52. United States  11.9
3. China  9.73. Malaysia  11.6
4. Indonesia  9.74. China  10.5
5. European Union (27)  9.65. Japan  7.6
             
COMMERCIAL SERVICES TRADE ValueAnnual percentage change
2009  2000-2009 20082009
Commercial services exports (million US$) 87 805  1419-10
Commercial services imports (million US$) 81 352  1217-6
2009  2009
Share in world total exports  2.62  Share in world total imports2.59
Breakdown in economy's total exportsBreakdown in economy's total imports
  By principal services item  By principal services item
Transportation  35.0  Transportation32.5
Travel  10.5  Travel19.4
Other commercial services  54.6  Other commercial services48.1
             
INDUSTRIAL PROPERTY 
Patent grants by patent office, 2008Trademark registrations by office, 2008
ResidentsNon-residents Total Direct residentsDirect non-residentsMadrid Total 
  501 5 785 6 286 3 533 7 348 6 856 17 737
             
a  Break in series for merchandise: 2003.
Source WTO
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