International Trade in Singapore

International Trade in Singapore

Singapore's economy was particularly affected by the international financial crisis, because of its very extreme financialization, and its large degree of openness, and thus its dependence on international trade. While GDP growth was above 7.5% from 2004 to 2007, it dropped sharply in 2009... Read more

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Market Analyses About Singapore (273)

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  • Evaresta

    Evaresta

    Advertising, Singapore

    Evaresta believes that going global early is best for all businesses. But going global shouldn’t be expensive and time consuming....
  • High Beam Global

    High Beam Global

    Market Research, Singapore

    HBG is a full service Market Research agency providing research and support services to companies ranging from boutique research...

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  • Computer System Integrators Pte Ltd

    Computer System Integrators Pte Ltd

    Sales Agents, Singapore

    We are a computer maintainance support company, we import and export computer peripherals ie. hard disk, processors, motherboards, etc.....
  • M&A EXPORT

    M&A EXPORT

    Textiles/Apparel Sales and Distribution, Singapore

      Wholesale company of stock clothes and shoes , offer you more then 30 european brands available , in total look for man and woman...

Overview About International Trade in Singapore

Main Industry Sectors

Singapore's economy is highly industrialized. The biggest sector is the manufacturing sector, followed by the wholesale and retail sector, business services, transport and communication and financial services. The electronics and petrochemical industries are dominant. The services sector contributes almost three quarters of the GDP and employs three quarters of the active population. The industrial sector represents a quarter of the GDP. The primary sector is almost nonexistent (except for the cultivation of orchids, vegetables and fish for aquariums). Singapore does not have any mineral resources.

Singapore is a regional trading hub. The Port of Singapore is amongst the world's biggest and is the second traffic center for container transshipment, behind Hong Kong.

 

Economic Overview

Singapore's economy was particularly affected by the international financial crisis, because of its very extreme financialization, and its large degree of openness, and thus its dependence on international trade. While GDP growth was above 7.5% from 2004 to 2007, it dropped sharply in 2009 (-1.3%). However, boosted by the regional economic recovery which fuelled a sharp increase in

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