March 2006
Singapore
                         
BASIC INDICATORS
Population (thousands, 2004)  4 335 Rank in world trade, 2004 Exports Imports
GDP (million current US$, 2004)  106 818 Merchandise  13 15
GDP (million current PPP US$, 2004)  118 226 Commercial services 16 15
Current account balance (million US$, 2004)  27 896 Merchandise excluding intra-EU trade 8 9
Trade per capita (US$, 2002-2004)  87 849 Commercial serv. excl. intra-EU trade 8 7
Trade to GDP ratio (2002-2004)   389.6
Annual percentage change
2004   1995-2004 2003 2004
Real GDP (1995=100)   152 5 2 8
Exports of goods and services (volume, 1995=100) ... ... ... ...
Imports of goods and services (volume, 1995=100) ... ... ... ...
                         
TRADE POLICY
WTO accession date 1 January 1995 Contribution to WTO budget (%, 2006) 2.085
Trade Policy Review date 14, 16 June 2004 Import duties collected (%, 2002-2004):
in total tax revenue 1.1
Tariff binding coverage (%, 2004)   69.2 to total merchandise imports 0.1
MFN tariffs Final bound Applied 2004
Simple average of ad-valorem duties Number of:
All goods   6.9   0.0 GATS services sectors with commitments   67
Agricultural goods (AOA)   9.5   0.0 Dispute rulings (complainant - defendant) 0 - 0
Non-agricultural goods   6.3   0.0 Notifications outstanding  (CRN)   5
Non ad-valorem duties (% of total tariff lines)   0.7   0.0 Number of contingency measures in force:
Anti-dumping (30 June 2005) ...
MFN duty free imports Countervailing duties (30 June 2005) ...
Share in total imports, 2001   100.0 Safeguards (3 November 2005)   0
                         
MERCHANDISE TRADE  Value Annual percentage change
2004   1995-2004 2003 2004
Merchandise exports, f.o.b. (million US$)  a  198 637 ... ... 24
Merchandise imports, c.i.f. (million US$)  a  173 599 ... ... 27
2004   2004
Share in world total exports    2.16 Share in world total imports  1.82
Breakdown in economy's total exports Breakdown in economy's total imports
  By main commodity group (ITS)   By main commodity group (ITS)
Agricultural products   2.1 Agricultural products 3.2
Fuels and mining products   10.8 Fuels and mining products 16.1
Manufactures   82.7 Manufactures 78.6
  By main destination   By main origin
1. Malaysia   15.2 1. Malaysia   15.2
2. European Union (25)   14.5 2. European Union (25)   13.4
3. United States   13.0 3. United States   12.6
4. Hong Kong, China   9.8 4. Japan   11.7
5. China   8.6 5. China   9.9
                         
COMMERCIAL SERVICES TRADE  Value Annual percentage change
2004   1995-2004   2003 2004
Commercial services exports (million US$)  41 077   4 12 19
Commercial services imports (million US$)  40 470   8 13 23
2004   2004
Share in world total exports   1.88   Share in world total imports 1.90
Breakdown in economy's total exports Breakdown in economy's total imports
  By principal services item   By principal services item
Transportation   35.6   Transportation 38.2
Travel   12.4   Travel 19.1
Other commercial services   52.0   Other commercial services 42.6
                         
INDUSTRIAL PROPERTY 
  Total   Residents Non-residents   Total   Residents Non-residents
Patents granted, 2002  7 583   243  7 340   Marks registered, 2002  25 729 3 388 22 341
                         
a  Break in series for merchandise: 2003.