The Vietnam Trade Office in Singapore has released an update on Singapore’s import and export performance during the first two months of 2025.
According to data from the Accounting and Corporate Regulatory Authority of Singapore (ACRA), Singapore’s total import-export turnover with the world reached over SGD 100.57 billion in February 2025, up 4.63% year-on-year.
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Exports: nearly SGD 53.89 billion, up 5.43%
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Imports: more than SGD 46.68 billion, up 3.73%
Of Singapore’s total exports, goods originating from Singapore accounted for SGD 22.6 billion (down 2.38%), while goods re-exported from third countries reached SGD 31.3 billion (up 11.9%), representing 41.95% and 58.05% of Singapore’s total exports, respectively.
Trade Growth in Early 2025
In the first two months of 2025, Singapore’s total trade with the world reached over SGD 214.5 billion, up 5.66%compared to the same period in 2024.
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Exports: SGD 113.2 billion (+4.1%)
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Imports: SGD 101.3 billion (+7.48%)
Trade between Singapore and most of its major partners (11 out of 15) showed positive growth.
Notable increases include:
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Taiwan: +60.7%
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United Kingdom: +39.13%
The four largest trading partners of Singapore remain:
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Taiwan – SGD 24.45 billion
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Malaysia – SGD 24 billion
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China – SGD 23.89 billion
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United States – SGD 21.93 billion
Vietnam’s Position
During the same period, Vietnam maintained its rank as Singapore’s 9th largest trading partner, reaffirming the two countries’ strong economic ties under the ASEAN framework and various bilateral cooperation agreements.
The growth in trade reflects both nations’ efforts to strengthen regional supply chains and expand cross-border investment and logistics networks.