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Singapore Balance of Trade
Purchase of intermediate goods and exportation of high-value-added products are the two mainstays of the Singapore economy. Machinery and equipment account for 43% of overall exports, followed by petroleum (19%) and chemicals (13%) are the most important exports in the country. Machinery and equipment account for 39% of total imports, followed by petroleum (33%), chemical goods (7%), and miscellaneous manufactured articles (7%), which are Singapore's primary imports. The countries with the largest trade deficits in 2017 were China, Hong Kong, Malaysia, Indonesia, and the United States. Singapore had no surpluses with any of the countries with whom it did business.
A higher than expected figure should be seen as positive (bullish) for the SGD while a lower than expected figure should be seen as negative (bearish) for the SGD.
Forex Sentiment (SGD)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| USDSGD |
|
|
1.2811 +11 pips |
1.2950 -150 pips |
1.27996 | |
| SGDJPY |
|
|
114.0543 -24 pips |
114.2763 +1 pips |
114.291 | |
| AUDSGD |
|
|
0.9081 +709 pips |
0.8844 -472 pips |
0.83719 | |
| CHFSGD |
|
|
1.5696 -412 pips |
1.6074 +34 pips |
1.61076 | |
| EURSGD |
|
|
1.4577 -423 pips |
1.4964 +36 pips |
1.50000 | |
| GBPSGD |
|
|
1.7362 -38 pips |
1.7553 -153 pips |
1.74003 |
News (SGD)
Singapore GDP Climbs 3.9% On Year In Q1
Singapore's gross domestic product expanded 3.9 percent on year in the first quarter of 2025, the Ministry of Trade and Industry said on Thursday.
RTTNews | 48 days ago
Singapore Central Bank Softens Monetary Policy
Singapore's central bank eased its monetary policy for the second time as inflation remained low, while downside risks to growth outlook increased due to the lack of clarity over policies of the US administration and trade frictions. The Monetary Authority of Singapore said it will continue with the policy of a modest and gradual appreciation of the S$NEER policy band.
RTTNews | 86 days ago
Singapore GDP Climbs 5.0% On Year In Q4
Singapore's gross domestic product expanded 5.0 percent on year in the fourth quarter of 2024, the Ministry of Trade and Industry said on Friday - slowing from 5.7 percent in the third quarter.
RTTNews | 146 days ago
