The Rational ModerateSearch

Trade by country

Singapore

In 2025, US goods exports to Singapore were $41.6 billion and goods imports from Singapore were $38.2 billion; exports exceeded imports by $3.4 billion.

Goods: the latest figures

2025, full year

Exports
$41.6 billion
Imports
$38.2 billion
Balance
exports exceeded imports by $3.4 billion (a goods trade surplus, in Census's term)
Total goods trade
$79.9 billion
Share of US goods trade
1.4%
Rank among partners
No. 19 of 231

Latest 12 months, August 2025 to July 2026

Exports
$49.4 billion
Imports
$32.9 billion
Balance
exports exceeded imports by $16.5 billion (a goods trade surplus, in Census's term)
Total goods trade
$82.3 billion
Share of US goods trade
1.4%
Rank among partners
No. 19 of 233

2025 rank among 231 partners with trade that year; 12-month rank among 233.

  • Census basis goods, not seasonally adjusted. Exports are free alongside ship value; imports are general imports (customs value), everything that arrives, including goods entering bonded warehouses and Foreign Trade Zones. Shares and ranks compare total goods trade (exports plus imports) with the same period's world total.
  • US exports include re-exports: foreign goods shipped on in substantially the same condition as when they were imported. Exports are credited to the destination as known to the shipper and imports to the country of origin. The workbook used here does not separate re-exports.
  • Singapore is a trade and shipping hub. Goods that pass through it on the way elsewhere can raise the US export figure credited to it, and goods made elsewhere that ship from it are credited to their country of origin, so its imports can read lower than the goods that leave it for the United States.

Source: U.S. Census Bureau, Trade in Goods by Country. Monthly data through July 2026; 2025 is the latest full year. Census revises the prior year's country totals each June. Retrieved Sept. 26, 2026.

Goods since 1985

US goods exports to and imports from Singapore, 1985 to 2025

Full years only, in current dollars (not adjusted for inflation).

$25B$30B$35B$40B$45B202020212022202320242025

$10B$20B$30B$40B$50B20162018202020222024

$0$10B$20B$30B$40B$50B1990200020102020

Data table
YearExportsImportsBalanceTotalShare of US goods tradeRank
2026 (7 months)$32.1B$19BExports exceeded imports by $13.2B$51.1B1.5%18
2025$41.6B$38.2BExports exceeded imports by $3.4B$79.9B1.4%19
2024$45B$43.3BExports exceeded imports by $1.8B$88.3B1.7%17
2023$42.9B$40.8BExports exceeded imports by $2.1B$83.8B1.6%15
2022$46B$31.6BExports exceeded imports by $14.4B$77.6B1.5%17
2021$35.4B$29.6BExports exceeded imports by $5.8B$65B1.4%18
2020$26.9B$30.8BImports exceeded exports by $3.9B$57.7B1.5%17
2019$31.2B$26.4BExports exceeded imports by $4.8B$57.6B1.4%17
2018$32.9B$26.5BExports exceeded imports by $6.4B$59.4B1.4%16
2017$29.6B$19.4BExports exceeded imports by $10.3B$49B1.3%18
2016$26.8B$17.8BExports exceeded imports by $9B$44.6B1.2%19
2015$28.5B$18.3BExports exceeded imports by $10.2B$46.8B1.2%17
2014$30.1B$16.5BExports exceeded imports by $13.6B$46.6B1.2%18
2013$30.7B$17.8BExports exceeded imports by $12.8B$48.5B1.3%17
2012$30.5B$20.2BExports exceeded imports by $10.3B$50.8B1.3%17
2011$31.3B$19.1BExports exceeded imports by $12.2B$50.4B1.4%15
2010$29B$17.4BExports exceeded imports by $11.6B$46.4B1.5%13
2009$22.2B$15.7BExports exceeded imports by $6.5B$37.9B1.5%13
2008$27.9B$15.9BExports exceeded imports by $12B$43.7B1.3%16
2007$25.6B$18.4BExports exceeded imports by $7.2B$44B1.4%16
2006$23.8B$17.8BExports exceeded imports by $6.1B$41.6B1.4%15
2005$20.5B$15.1BExports exceeded imports by $5.4B$35.6B1.4%16
2004$19.4B$15.4BExports exceeded imports by $4B$34.8B1.5%15
2003$16.6B$15.1BExports exceeded imports by $1.4B$31.7B1.6%13
2002$16.2B$14.8BExports exceeded imports by $1.4B$31B1.7%12
2001$17.7B$15BExports exceeded imports by $2.7B$32.7B1.7%11
2000$17.8B$19.2BImports exceeded exports by $1.4B$37B1.8%10
1999$16.2B$18.2BImports exceeded exports by $1.9B$34.4B2.0%10
1998$15.7B$18.4BImports exceeded exports by $2.7B$34B2.1%10
1997$17.7B$20.1BImports exceeded exports by $2.4B$37.8B2.4%9
1996$16.7B$20.3BImports exceeded exports by $3.6B$37.1B2.6%9
1995$15.3B$18.6BImports exceeded exports by $3.2B$33.9B2.6%9
1994$13B$15.4BImports exceeded exports by $2.3B$28.4B2.4%10
1993$11.7B$12.8BImports exceeded exports by $1.1B$24.5B2.3%10
1992$9.6B$11.3BImports exceeded exports by $1.7B$20.9B2.1%11
1991$8.8B$10BImports exceeded exports by $1.2B$18.8B2.1%n/a
1990$8B$9.8BImports exceeded exports by $1.8B$17.8B2.0%n/a
1989$7.3B$9BImports exceeded exports by $1.7B$16.3B2.0%n/a
1988$5.8B$8BImports exceeded exports by $2.2B$13.7B1.8%n/a
1987$4.1B$6.2BImports exceeded exports by $2.1B$10.3B1.6%n/a
1986$3.4B$4.7BImports exceeded exports by $1.3B$8.1Bn/an/a
1985$3.5B$4.3BImports exceeded exports by $784.3M$7.7Bn/an/a

Source: U.S. Census Bureau, Trade in Goods by Country. Census Trade in Goods by Country, country.xlsx (columns IYR, EYR) · retrieved Sept. 26, 2026 · 9,217 rows · as of July 2026 · monthly. Download CSV

2026 so far (7 months): exports $32.1 billion, imports $19.0 billion; exports exceeded imports by $13.2 billion. Not in the chart, because a part year is not comparable with a full one.

Ranks start in 1992; before then the Census workbook covers only 76 partners. Shares start in 1987, the first year with a world total.

Goods by month

US goods exports to and imports from Singapore, by month

The latest 24 months. Not seasonally adjusted, so compare a month with the same month a year earlier.

$1B$2B$3B$4B$5BJan. 2025July 2025Jan. 2026July 2026

Data table
MonthExportsImportsBalance
Aug. 2024$4.1B$3.2BExports exceeded imports by $832.7M
Sept. 2024$4.3B$2.9BExports exceeded imports by $1.4B
Oct. 2024$3.7B$3.2BExports exceeded imports by $440.5M
Nov. 2024$3.2B$3.4BImports exceeded exports by $208.8M
Dec. 2024$3.6B$3.6BImports exceeded exports by $62.4M
Jan. 2025$3.3B$4.5BImports exceeded exports by $1.2B
Feb. 2025$3.3B$3.9BImports exceeded exports by $557M
March 2025$3.4B$2.9BExports exceeded imports by $502M
April 2025$4.5B$3.6BExports exceeded imports by $971.9M
May 2025$3.6B$3.1BExports exceeded imports by $497.8M
June 2025$3.1B$3BExports exceeded imports by $169.8M
July 2025$3.1B$3.4BImports exceeded exports by $323.4M
Aug. 2025$3.7B$2.3BExports exceeded imports by $1.4B
Sept. 2025$3B$2.7BExports exceeded imports by $255.4M
Oct. 2025$4B$2.2BExports exceeded imports by $1.8B
Nov. 2025$3.3B$4.3BImports exceeded exports by $1B
Dec. 2025$3.3B$2.4BExports exceeded imports by $951.2M
Jan. 2026$3.7B$2.2BExports exceeded imports by $1.5B
Feb. 2026$4.7B$1.9BExports exceeded imports by $2.9B
March 2026$4.9B$2.6BExports exceeded imports by $2.3B
April 2026$5.5B$2.8BExports exceeded imports by $2.7B
May 2026$4.6B$3.4BExports exceeded imports by $1.1B
June 2026$4.2B$2.8BExports exceeded imports by $1.5B
July 2026$4.5B$3.3BExports exceeded imports by $1.2B

Source: U.S. Census Bureau, Trade in Goods by Country. Census Trade in Goods by Country, country.xlsx (columns IJAN..IDEC, EJAN..EDEC) · retrieved Sept. 26, 2026 · 5,923 rows · as of July 2026 · monthly. Download CSV

US goods trade with Singapore, August 2025 to July 2026: each month beside the same month a year earlier
MonthExportsA year earlierChangeImportsA year earlierChange
July 2026$4.5B$3.1B+47.0%$3.3B$3.4B-3.1%
June 2026$4.2B$3.1B+35.4%$2.8B$3B-6.3%
May 2026$4.6B$3.6B+26.3%$3.4B$3.1B+9.9%
April 2026$5.5B$4.5B+19.9%$2.8B$3.6B-23.0%
March 2026$4.9B$3.4B+43.9%$2.6B$2.9B-9.7%
Feb. 2026$4.7B$3.3B+43.3%$1.9B$3.9B-51.2%
Jan. 2026$3.7B$3.3B+12.0%$2.2B$4.5B-51.1%
Dec. 2025$3.3B$3.6B-7.0%$2.4B$3.6B-34.9%
Nov. 2025$3.3B$3.2B+3.7%$4.3B$3.4B+27.9%
Oct. 2025$4B$3.7B+9.3%$2.2B$3.2B-31.8%
Sept. 2025$3B$4.3B-31.0%$2.7B$2.9B-6.3%
Aug. 2025$3.7B$4.1B-10.0%$2.3B$3.2B-28.7%

Source: U.S. Census Bureau, Trade in Goods by Country. Monthly, August 2024 to July 2026; not seasonally adjusted. Retrieved Sept. 26, 2026.

Services

Services are counted separately from goods, by a different agency, on an annual timetable. They are not added to the goods figures above.

US trade in services with Singapore, 2018 to 2025
YearExportsImportsBalance (exports minus imports)
2025$47.9B$18.4BExports exceeded imports by $29.5B
2024$41.8B$16.1BExports exceeded imports by $25.6B
2023$39.5B$12.4BExports exceeded imports by $27.1B
2022$35.3B$10.9BExports exceeded imports by $24.4B
2021$31.9B$10.2BExports exceeded imports by $21.7B
2020$26.9B$9.4BExports exceeded imports by $17.5B
2019$24.7B$10.7BExports exceeded imports by $14B
2018$24.9B$9.7BExports exceeded imports by $15.2B

The balance column is BEA's published balance, which BEA rounds on its own, so it can differ by a million dollars from the exports and imports shown beside it. The 2025 balance is a services trade surplus, in BEA's term.

Source: U.S. Bureau of Economic Analysis, International Services, Table 2.4. Annual, 2018 to 2025, released July 7, 2026; cells exactly as BEA publishes them, marks included. Retrieved Sept. 26, 2026. Download CSV

Goods and services together, balance of payments basis

BEA publishes a combined figure for Singapore, one of 23 countries and 4 areas it covers this way. In 2025, US exports of goods and services to Singapore were $89.4 billion and imports were $56.3 billion; exports exceeded imports by $33.1 billion (a goods and services trade surplus, in BEA's term). In Q2 2026, seasonally adjusted: exports $28.5 billion, imports $12.6 billion; exports exceeded imports by $15.9 billion.

Balance of payments basis: BEA adjusts Census goods for coverage, valuation and timing, so its goods figure differs from the Census basis figures above. This combined figure is BEA's own; the site never adds Census goods to BEA services.

Source: U.S. Bureau of Economic Analysis, U.S. Trade in Goods and Services by Selected Countries and Areas. Annual from 1999 and quarterly (quarters seasonally adjusted). Last updated Sept. 3, 2026. Retrieved Sept. 26, 2026. Download CSV

Direct investment

The value of direct investment at year end, both ways: US companies' stake in businesses in Singapore, and investors in Singapore with a stake in US businesses. Historical cost (book value), not market value.

Direct investment positions, 2020 to 2025
Year endUS direct investment in SingaporeDirect investment from Singapore in the US
2025$484.2B$52.5B
2024$492.6B$48.7B
2023$460.1B$44.5B
2022$361.1B$35.5B
2021$333.7B$30.4B
2020$264.2B$28.5B

BEA assigns each position to the immediate counterpart country, which may not be where the money ends up or where the ultimate owner is. That is why financial centers such as the Netherlands, Luxembourg and Caribbean islands rank high.

Source: U.S. Bureau of Economic Analysis, Direct Investment by Country and Industry. Positions at year end, 2020 to 2025; inward by country of foreign parent; cells exactly as BEA publishes them. Retrieved Sept. 26, 2026. Download CSV

Trade agreements

  • Singapore FTA: free trade agreement, in force (USTR). USTR's agreement page does not state the date it entered into force.

From USTR's list of free trade agreements in force and its page of agreements on reciprocal trade, in USTR's own wording. USTR's reciprocal trade page does not say whether each agreement is in force, so none is described that way here.

Source: Office of the United States Trade Representative, Free Trade Agreements and Agreements on Reciprocal Trade. Checked Sept. 26, 2026. Retrieved Sept. 26, 2026.

Context

Population, 2025
6.1 million
GDP, current US dollars, 2025
$603.9 billion

Source: The World Bank: World Development Indicators: Population, total (SP.POP.TOTL), UN Population Division and national statistical offices. The World Bank: World Development Indicators: GDP (current US$) (NY.GDP.MKTP.CD), country official statistics, OECD national accounts data files and World Bank staff estimates. License: CC BY 4.0. Most recent value per economy. Retrieved Sept. 26, 2026.

Top products and tariffs

Not shown yet: requires Census data not yet retrieved.