14 Feb 2018

Highlights

  • Singapore's total merchandise trade rose by 11.1% to reach S$967 billion in 2017, largely reversing the declines in the previous two years (2016: -4.9%, 2015: -8.9%).
  • Non-oil domestic exports (NODX) rose by 8.8% in 2017, compared to the 2.8% decline in 2016.
  • Non-oil re-exports (NORX) grew by 5.5% in 2017, compared to the 3.1% decrease in 2016.
  • The growth projection for 2018 is adjusted upwards to 1.0% to 3.0% for NODX and 3.0% to 5.0% for total merchandise trade.
  • Singapore’s total services trade rose by 4.7% to reach S$463 billion in 2017, after the flat performance in 2016.

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View the past trade statistics under Publications.

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