Foreign trade as a share of GDP reached 321 % in 2020 in Singapore, according to the National Statistical Office. This is 0.913 % less than in the previous year.
Historically, foreign trade as a share of GDP in Singapore reached an all time high of 437 % in 2008 and an all time low of % in. When compared to Singapore's main peers, foreign trade as a share of GDP in Indonesia amounted to 33.2 %, 117 % in Malaysia, 58.2 % in Philippines and 97.9 % in Thailand in 2020.
Singapore has been ranked 3rd within the group of 133 countries we follow in terms of foreign trade as a share of GDP, 1 places behind the position seen 10 years ago.
Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.