Export of Goods Value from Singapore (1990-2023)

Singapore's export value skyrocketed from $52.7 billion in 1990 to $476.2 billion in 2023, a testament to its status as a global trading hub. The early 1990s marked rapid industrialization and the establishment of Singapore as a pivotal node in electronics manufacturing. By 2000, exports had nearly tripled, reaching $137.8 billion, fueled by robust growth in the tech and petrochemical industries.

The post-2008 financial crisis recovery was swift, with export values rebounding to $351.8 billion by 2010. The most recent surge in 2021, with exports exceeding $457 billion, underscores Singapore’s adaptability amid global disruptions, including a focus on electronics, pharmaceuticals, and trade services. Strategic trade partnerships and investments in high-value industries have maintained its competitive edge.