Singapore’s Fastest-Growing Trading Partners

Singapore’s Fastest-Growing Import Partners

by Free Country Flags

The following analysis highlights Singapore’s fastest-growing trading partners in terms of buying Singaporean exports and is based on data for 2014. For more recent research statistics, please see the main article Singapore’s Top 10 Exports.

After analyzing 2014 data for 100 countries responsible for consuming the greatest dollar value in imports from Singapore, we found 11 nations that boosted their imports by over 100% from 2010 to 2014.

Overall, exports originating from the Singapore were up 16.5% over that time window.

Singapore’s Fastest-Growing Import Partners

Listed below in descending order below are the fastest-growing import countries for Singapore’s exported products. These nations boosted imports from Singapore by the greatest percentages over the five-year period ending in 2014.

  1. Luxembourg: Up 1,343% since 2010 (US$553,072,000)
  2. Netherlands Antilles: Up 883% ($260,662,000)
  3. Laos: Up 420.2% ($119,492,000)
  4. French Polynesia: Up 204.8% ($307,320,000)
  5. Yemen: Up 160.1% ($99,462,000)
  6. Marshall Islands: Up 152.4% ($2,915,102,000)
  7. Venezuela: Up 149.8% ($67,135,000)
  8. Angola: Up 145.7% ($785,039,000)
  9. Bermuda: Up 118.8% ($323,617,000)
  10. Myanmar (Burma): Up 106.1% ($2,389,790,000)
  11. Brunei Darussalam: Up 100.8% ($1,897,354,000)
  12. Bangladesh: Up 92.2% ($3,273,296,000)
  13. Nigeria: Up 86.5% ($459,904,000)
  14. Bahrain: Up 74.9% ($159,566,000)
  15. Viet Nam: Up 74.6% ($12,909,412,000)

Turbo-jets, turbo-propellers and other gas turbines were among the fastest-growing Singaporean products delivered to Luxembourg.

Processed oil posted accelerated sales from Singapore to Netherlands Antilles.

Machinery led Singaporean shipments to Laos.

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on May 12, 2015

The World Factbook, Field Listing: Imports, Central Intelligence Agency. Accessed on May 12, 2015

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on May 12, 2015