What does the US import from Singapore?

What does Singapore export to United States?

2020. Pearls, precious stones, metals, coins. $5.85B. 2020. Optical, photo, technical, medical apparatus.

What goods do we import from Singapore?

Major imports are machinery and transport equipment and crude petroleum, while machinery and refined petroleum products are the major exports. China, the United States, Indonesia, Malaysia, and Japan are Singapore’s principal trading partners.

What is the major export of Singapore?

The biggest export product, with 43 percent share, is machinery and equipment. The country also exports petroleum (19 percent); chemical products (13 percent); miscellaneous manufactured articles (8 percent) and oil bunkers (7 percent).

What does the US import?

The United States is the world’s second biggest importer. Main imports are: capital goods (22 percent) and consumer goods (21 percent). Others include: automotive vehicles, parts and engines (12 percent) and foods, feeds and beverages (5 percent).

Who does Singapore import from?

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Singapore Imports By Country Value Year
China $47.37B 2020
Malaysia $41.71B 2020
United States $35.15B 2020
Japan $18.11B 2020
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Is Singapore a US ally?

Singapore and the United States have maintained formal diplomatic relations since the independence of Singapore in 1965.

What is Singapore’s biggest import?

The most recent imports of Singapore are led by Integrated Circuits ($43.5B), Refined Petroleum ($41.4B), Crude Petroleum ($22.5B), Gold ($10.8B), and Gas Turbines ($8.37B).

Why does Singapore import?

As there is little local agricultural production, Singapore is almost entirely dependent upon imports for its food requirements. The country’s economy is mainly driven by financial services and manufacturing.

Why Singapore import food from other countries?

Overview. Although Singapore manufactures food products for exports to the neighboring countries, most of the ingredients have to be imported. In an attempt to diversify exports the government promotes import, improvement and re-export of many food products to other Asian markets.

What does US trade with Asia?

U.S. IMPORTS FROM SOUTHEAST ASIA

Overall, U.S. imports from ASEAN account for 7.3 percent of U.S. imports. In 2018, top U.S. imports from Southeast Asia were electrical machinery ($52.9 billion), garments (about $29.8 billion), machinery ($23.3 billion), and raw materials and agricultural products ($13.2 billion).

How many US companies are in Singapore?

There are more than 4,500 U.S. companies registered in Singapore and the United States is the largest foreign investor in Singapore, with about $270 billion in direct investments.

What countries trade with Singapore?

In 2017, Singapore major trading partner countries for exports were China, Hong Kong, China, Malaysia, Indonesia and United States and for imports they were China, Malaysia, United States, Other Asia, nes and Japan.

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What is US biggest import?

Vehicles and automobiles – $130.6 billion. Medical equipment and supplies – $$89.6 billion. Plastics – $66.5 billion. Gems and precious metals – $63.8 billion.

What country does US import the most from?

Year-to-Date Imports

Rank Country Percent of Total Imports
Total, All Countries 100.0%
Total, Top 15 Countries 78.6%
1 China 17.9%
2 Mexico 13.6%