Balanced international merchandise trade statistics (BIMTS) in Singapore
Singapore: Balanced international merchandise trade statistics (BIMTS) was 0.4376 US dollars, exchange rate converted in 2024. ◆ Volatile
Balanced international merchandise trade statistics (BIMTS) in Singapore, 1999–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
The most recent figure for balanced international merchandise trade statistics (bimts) in Singapore is 0.4376 US dollars, exchange rate converted, measured in 2024.
That represents a change of down 35.6% on the previous year and up 113.9% over ten years.
Over the whole period, balanced international merchandise trade statistics (bimts) in Singapore peaked at 0.6799 US dollars, exchange rate converted in 2023 and was at its lowest, 0.0338 US dollars, exchange rate converted, in 2003.
Singapore ranks 46th of 96 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Balanced international merchandise trade statistics (BIMTS) in Singapore, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 1999 | 0.0348 US dollars, exchange rate converted | — |
| 2000 | 0.3375 US dollars, exchange rate converted | +870.9% |
| 2001 | 0.5242 US dollars, exchange rate converted | +55.3% |
| 2002 | 0.1658 US dollars, exchange rate converted | -68.4% |
| 2003 | 0.0338 US dollars, exchange rate converted | -79.6% |
| 2004 | 0.0432 US dollars, exchange rate converted | +27.7% |
| 2005 | 0.0589 US dollars, exchange rate converted | +36.3% |
| 2006 | 0.0489 US dollars, exchange rate converted | -16.9% |
| 2007 | 0.0539 US dollars, exchange rate converted | +10.0% |
| 2008 | 0.034 US dollars, exchange rate converted | -36.8% |
| 2011 | 0.1554 US dollars, exchange rate converted | +356.8% |
| 2012 | 0.1264 US dollars, exchange rate converted | -18.7% |
| 2013 | 0.1062 US dollars, exchange rate converted | -16.0% |
| 2014 | 0.2046 US dollars, exchange rate converted | +92.7% |
| 2015 | 0.3156 US dollars, exchange rate converted | +54.2% |
| 2016 | 0.2511 US dollars, exchange rate converted | -20.4% |
| 2017 | 0.2096 US dollars, exchange rate converted | -16.5% |
| 2018 | 0.3565 US dollars, exchange rate converted | +70.1% |
| 2019 | 0.0923 US dollars, exchange rate converted | -74.1% |
| 2020 | 0.1432 US dollars, exchange rate converted | +55.1% |
| 2021 | 0.0359 US dollars, exchange rate converted | -74.9% |
| 2022 | 0.3117 US dollars, exchange rate converted | +768.8% |
| 2023 | 0.6799 US dollars, exchange rate converted | +118.1% |
| 2024 | 0.4376 US dollars, exchange rate converted | -35.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0348 US dollars, exchange rate converted | 0.0348 US dollars, exchange rate converted | 0.0348 US dollars, exchange rate converted | 1 |
| 2000s | 0.1445 US dollars, exchange rate converted | 0.0338 US dollars, exchange rate converted | 0.5242 US dollars, exchange rate converted | 9 |
| 2010s | 0.202 US dollars, exchange rate converted | 0.0923 US dollars, exchange rate converted | 0.3565 US dollars, exchange rate converted | 9 |
| 2020s | 0.3216 US dollars, exchange rate converted | 0.0359 US dollars, exchange rate converted | 0.6799 US dollars, exchange rate converted | 5 |
Countries ranked near Singapore
- 43 New Zealand 0.911 US dollars, exchange rate converted compare
- 44 Ireland 0.6459 US dollars, exchange rate converted compare
- 45 Greece 0.4791 US dollars, exchange rate converted compare
- 47 Pakistan 0.3778 US dollars, exchange rate converted compare
- 48 Yemen 0.3633 US dollars, exchange rate converted compare
- 49 Norway 0.3189 US dollars, exchange rate converted compare
More economy & growth data for Singapore
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.99 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.5 Percent per annum (2029)
- GDP (constant 2015 US$), annual growth rate 5.03 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.7153 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 70,684 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 5.03 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 0.9834 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 97,178 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 4.34 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.5866 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is balanced international merchandise trade statistics (bimts) in Singapore?
- Balanced international merchandise trade statistics (bimts) in Singapore was 0.4376 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced international merchandise trade statistics (bimts) recorded in Singapore?
- The highest recorded value was 0.6799 US dollars, exchange rate converted in 2023.
- What is the lowest balanced international merchandise trade statistics (bimts) recorded in Singapore?
- The lowest recorded value was 0.0338 US dollars, exchange rate converted in 2003.
- How does Singapore rank for balanced international merchandise trade statistics (bimts)?
- Singapore ranks 46th out of 96 countries with data for 2024.
- Is balanced international merchandise trade statistics (bimts) rising or falling in Singapore?
- Over the last ten years it is up 113.9%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced international merchandise trade statistics (BIMTS) - HS2017-2D. Statizoid updates them automatically from the source API.
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About this data
The OECD Balanced International Merchandise Trade Statistics (BIMTS) dataset provides a complete, consistent, and balanced matrix of international merchandise trade statistics. It includes annual bilateral data for approximately 200 reporters and partners, covering around 98 products in HS2017 at the 2-digit level from 1995 to 2024. BIMTS is also available in the HS 2017 classification at 4-digit and 6-digit levels of aggregation currently available via the Related Files (bottom of the page) and also in the Statistical Classification of Products by Activity (CPA 2.1) at the 2-digit level of aggregation. BIMTS is complete and consistent. The OECD methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. To provide users with consistent and long time series, the data is presented according to either HS2017 or CPA 2.1. BIMTS is balanced. The OECD has developed a transparent approach to reconcile asymmetries in international merchandise trade statistics. A sequence of adjustments, documented in the BIMTS technical paper, significantly reduces asymmetries in the dataset before the final balancing procedure is performed. An important feature of BIMTS is a novel algorithm which identifies re-export flows and reallocates them to the producer countries before the balancing. To avoid double counting of flows between producers and trade hubs (already accounted for in the trade between producers and final users), BIMTS breaks down the final balanced values into a domestic component and a re-exports component. Users will therefore find two different measures of balanced trade flows (under the ‘Adjustment’ dimension): Total balanced value: Represents the total reconciled bilateral trade flow, including re-exports. Balanced value adjusted for re-exports: Represents the reconciled bilateral trade flow, adjusted for re-exports. This adjusted value is deemed to more accurately reflect economic reality and is therefore the preferred measure. In this database, the Reference area denotes the exporter, while the Counterpart area denotes the importer. Because the data are balanced, exports from the exporter to the importer equal imports by the importer from the exporter, and the flow is therefore recorded only once. Note that zero trade flows are represented in BIMTS as missing records (marked as “..”). This approach reduces the dataset size and improves processing times in the OECD Data Explorer. For convenience, users can also retrieve data for total merchandise (“_T”, denoting all products) and partner world (“W”). BIMTS will be regularly updated and continually improved as new data becomes available. For more information on: The methodology: The OECD Balanced International Merchandise Trade Dataset (BIMTS). Balanced trade statistics related pages: Balanced trade statistics, or The statistics compiled by the OECD Statistics and Data Directorate Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org