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Singapore — Market Overview

Asia>Singapore

🇸🇬 Singapore

Singapore is best read as a hub economy: its market reflects regional financial conditions, cross-border trade, shipping, property, and the earnings power of banks with wider Asian exposure. The market is usually interpreted through regional liquidity, trade and transport activity, and whether bank, property, and infrastructure-linked earnings continue to track a stable hub premium.

Mapa regional

Datos clave

Singapore de un vistazo

Capital

Singapore

Currency

Singapore Dollar (S$)

Primary exchange

SGX

Central bank

Monetary Authority of Singapore

Region

Asia

Time zone

Asia/Singapore

Fuente: SingStat,

Country dashboard

Por qué importa este mercado

This version combines a stylized country map with a switchable macro explorer built from official published history, using OECD primary datasets where available and World Bank annual series where coverage is otherwise incomplete.

Explorador macro

Cambia de variable sin perder el contexto del país

GDP, inflation, labor, policy, and industrial activity are shown on a quarterly path from 2000 onward, while debt and the local equity benchmark come in when usable history exists. This keeps the page focused on fiscal room and macro regime while the broader official country pipeline keeps expanding.

Real GDP growth

Annual real GDP growth from World Bank national accounts.

-5.0%0.0%5.0%10.0%15.0%201020112012201320142015201620172018201920202021202220232024
Haz clic en un año para ampliar desde ese punto.

Variables disponibles

Real GDP growth

4.4%
Tendencia 1A+140.9%
Crecimiento medio-12.0%

Qué señala esto

GDP growth is published quarterly and annualized, so each point captures how fast real output was expanding or contracting versus the prior quarter at an annual rate. It matters because it is the broadest scorecard of domestic economic momentum and sets the backdrop for revenues, employment, and policy expectations. Versus a year ago, the series is higher by 140.9%, which points to an improving or firmer backdrop on this measure. Across the displayed window, the broader trend is still downward.

Comercio y posición externa

Exportaciones, servicios y balanza externa

En lugar de un muro genérico de tarjetas macro, esta sección se centra en cómo el país capta demanda del exterior, dónde está su ventaja comercial y cómo evoluciona la balanza externa.

Comercio total SingaporeS$1,7 B
Bienes
Servicios
Bienes
Servicios
ExportaciónS$901,2 mil M
S$809,8 mil MImportación
Balanza externa2024
Exportaciones +S$901,2 mil M
Importaciones -S$809,8 mil M
Saldo+S$91,4 mil M
S$901,2 mil M
Total exports

The full export figure, combining goods and services in one line. It is the cleanest way to read how much external demand Singapore is capturing across both physical products and higher-value intangible flows.

S$505,7 mil M
Goods exports

This is the merchandise side of exports: industrial supplies, capital goods, autos, food, and other physical products. It matters because it reflects the health of manufacturing, energy, aerospace, and the broader global industrial cycle.

S$395,6 mil M
Services exports

This is the intangible side: finance, travel, licensing, business services, and IP-linked flows. It matters because it shows where Singapore is strongest in higher-margin, knowledge-intensive, and branded service activities.

Composición del comercio

Qué exporta el país

Socios comerciales

Dónde comercia el país

Enfoque en materias primas

Exposición a materias primas

Goods share of exports56.1%

Goods made up 56.1% of total exports in 2024, leaving services at 43.9%.

Goods share of imports56.6%

Goods made up 56.6% of total imports in 2024, leaving services at 43.4%.

Largest export goods bucketManufactures 74.4%

This was the biggest WTO merchandise export group for Singapore in 2024.

Largest import goods bucketManufactures 70.7%

This was the biggest WTO merchandise import group for Singapore in 2024.

Merchandise balance$47.0B

Goods exports minus goods imports in 2024. A surplus here shows whether merchandise trade supports or drags on the overall external balance.

Qué vigilar

Marco de lectura

01

regional liquidity

Singapore should first be read through regional liquidity. When this regime shifts, local multiples and sector leadership usually shift with it.

02

trade and logistics activity

The market is usually interpreted through regional liquidity, trade and transport activity, and whether bank, property, and infrastructure-linked earnings continue to track a stable hub premium. That makes trade and logistics activity one of the most important signals for revising the country narrative.

03

bank and property earnings

The final layer is bank and property earnings, because it determines whether the macro backdrop turns into sustainable earnings support for the Straits Times Index.

Otros países

Continúa por Asia

Cada tarjeta abre la misma plantilla de país con su propio mapa, variables macro intercambiables y vista de referencia. Es la primera red enlazada de páginas de país de la región.