Singapore's import-export turnover with the world reached more than 112 billion SGD
Vietnam Trade Office in Singapore cited statistics from the Singapore Enterprise Management Authority, saying that in March 2025, Singapore's total import-export turnover with the world reached more than 112 billion SGD, an increase of 3.36% over the same period in 2024, of which exports reached more than 58.32 billion SGD, an increase of 2.26% and imports were nearly 53.7 billion SGD, an increase of 4.6%.
In terms of export turnover, goods originating from Singapore market reached more than SGD 23.5 billion (down 2.29%) and goods originating from third countries reached more than SGD 34.78 billion (up 5.58%), accounting for 40.36% and 59.64% of Singapore's total export turnover, respectively.
In the first 3 months of 2025, Singapore's import and export turnover with the world reached nearly SGD 326.55 billion, up 4.85% over the same period in 2024, of which exports were more than SGD 171.57 billion (up 3.46%) and imports were more than SGD 154.97 billion (up 6.44%).
In the first 3 months of 2025 (compared to the same period in 2024), import-export turnover between Singapore and most of its largest partners (10/15 partners) grew positively, some partners had strong growth such as Taiwan (China) (up 42.52%); UK (up 41.55%)... Taiwan (China), China, Malaysia and the US are respectively the 4 largest trading partners of Singapore with total trade turnover of: 37.36 billion SGD; 36 billion SGD; 35.37 billion SGD and 34.45 billion SGD.
After 3 months of 2025, Vietnam holds position of Singapore's 9th largest trading partner, with two-way trade turnover of more than 9.81 billion SGD, up 27.32%.
Regarding imports, in the first 3 months of 2025, Singapore's main import markets were Taiwan (China), China, Malaysia, the US, South Korea, Japan, etc. Vietnam currently ranks 14th among Singapore's largest import partners. 13/20 of Singapore's import partners had positive import growth, some partners had high growth rates such as Hong Kong (China) (up 69.11%); Taiwan (China) (up 26.96%); UK (up 43.56%)... Taiwan (China) continued to be the largest import market with a turnover of more than SGD 24.83 billion, up 26.96%. Followed by China (2nd) and Malaysia (3rd) with turnovers of SGD 18.6 billion (up 6.03%) and SGD 18.17 billion (up 11.44%), respectively. Vietnam is Singapore's 14th largest import market with a turnover of more than SGD 2.55 billion (up 39.46%).
In terms of exports, in the first 3 months of 2025, Singapore's main export markets were Hong Kong (China), China and the US with turnovers of SGD 19.1 billion (up 4.04%), SGD 17.46 billion (down 26.72%) and SGD 17.21 billion (up 25.7%) respectively...Vietnam is Singapore's 8th largest export market with a turnover of more than SGD 7.26 billion (up 23.53%).
In the first quarter of 2025, Vietnam's exports to Singapore increased by nearly 40%
In March 2025, total import-export turnover between Vietnam and Singapore reached nearly 3.25 billion SGD, an increase of 27.93% over the same period in 2024, exports from Vietnam to Singapore increased dramatically (72.58%) with a value of more than 1 billion SGD, import turnover increased by 14.02%, reaching more than 2.2 billion SGD.
In structure of goods exported from Singapore to Vietnam, goods originating from Singapore decreased by 9.5%, reaching nearly 610 million SGD; goods from countries 3 through Singapore exported to Vietnam (accounting for 72% of export turnover) increased by 26.55%, reaching nearly 1.6 billion SGD. Although deficit between imports and exports is more than SGD 1.16 billion, if only counting the trade balance between Vietnamese goods and goods originating from Singapore, Vietnam has a trade surplus of nearly SGD 432 million.
Accumulated in the first 3 months of 2025, two-way import-export turnover between Vietnam and Singapore reached more than SGD 9.81 billion, an increase of 27.32% over the same period in 2024, of which exports increased sharply by 39.46%, reaching more than SGD 2.55 billion and imports were more than SGD 7.26 billion, an increase of 23.53%.
In terms of origin of goods, temporarily imported and re-exported goods through Singapore to Vietnam accounted for nearly 72.21% of total export turnover from Singapore to Vietnam, equivalent to SGD 5.24 billion. If only counting goods originating from Singapore, Vietnam has a trade surplus of about SGD 538.2 million.
Regarding export commodity groups from Vietnam to Singapore, in March 2025, all three main export commodity groups of Vietnam to Singapore continued to increase very strongly, specifically: Machinery, equipment, mobile phones, components and spare parts of all kinds (up 97.82%); reactors, boilers, machine tools and equipment and spare parts of the above types of machines (up 155.15%); glass and glass products (up 37.65%). Some other export groups also had very strong growth such as: Optical machines, measuring instruments, medical equipment, watches, musical instruments and accessories of all kinds (up more than 116.38%); pearls, precious stones, and jewelry products (up more than 658.28%)... On contrary, some groups had quite a sharp decline such as rice and cereals (down 57.87%); Petroleum and petroleum products (down 49.85%)…
Regarding import groups from Singapore to Vietnam, in March, 2/3 of main import groups with strong growth were machinery, equipment, mobile phones, components and spare parts of all kinds (up 25.67%) and reactors, boilers, machine tools and spare parts of the above machines (up 69.90%). The remaining group was gasoline and petroleum products, which decreased quite deeply (down 19.98%). Some other groups also decreased quite strongly such as: Aircraft, spacecraft & parts (down 42.54%), food and processed products (down 32.32%). On contrary, some industries increased dramatically such as: Lead and lead products (up nearly 6 times), pharmaceuticals (up 1.4 times) ...
According to Mr. Cao Xuan Thang - Trade Counselor, Head of Vietnam Trade Office in Singapore - said that Singapore's trade figures in the first 3 months of the year with the world still maintained a positive momentum with all 3 indicators of total two-way turnover and export and import turnover growing positively. Export turnover from Vietnam to Singapore in March 2025 continued to grow very well with all 3 turnover indicators increasing sharply, especially export turnover to Singapore increased by a record 72.58%, thereby Vietnam maintained its position as the 9th largest trading partner and the 14th largest export partner of Singapore.

Source: Vitic/ congthuong.vn