Exports of Services (BoP, USD) rose 9.95% to USD 173 bil in Singapore in 2017

Exports of Services (BoP, USD) (USD bil)
Economy | Singapore | May 17, 2019
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Excel Sheet

Exports of services as a part of balance of payment reached 173 USD bil in 2017 in Singapore, according to the National Statistical Office. This is 9.95 % more than in the previous year.

Historically, exports of services as a part of balance of payment in Singapore reached an all time high of 173 USD bil in 2017 and an all time low of 0.961 USD bil in 1972. When compared to Singapore's main peers, exports of services as a part of balance of payment in Indonesia amounted to 25.3 USD bil, 37.1 USD bil in Malaysia, 34.8 USD bil in Philippines and 75.5 USD bil in Thailand in 2017.

Singapore has been ranked 11th within the group of 156 countries we follow in terms of exports of services as a part of balance of payment, 4 places above the position seen 10 years ago.

Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.

Exports of Services (BoP, USD) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Australia USD bil 52.2 53.6 53.1 56.5 54.9
Cambodia USD bil 2.73 3.19 3.49 3.81 3.95
China USD bil 201 202 207 219 217
Indonesia USD bil 21.9 23.7 22.9 23.5 22.2
Laos USD bil 0.550 0.646 0.783 0.764 0.844
Malaysia USD bil 38.8 40.6 42.1 42.1 34.9
Myanmar USD bil 0.758 1.23 2.75 3.13 3.78
Philippines USD bil 18.9 20.4 23.3 25.5 29.1
Singapore USD bil 120 130 143 156 156
Taiwan USD bil ... ... ... ... ... ... ... ... ...
Thailand USD bil 41.5 49.7 58.8 55.5 61.8
Vietnam USD bil 8.88 9.62 10.7 11.0 11.2