Overview
Singapore’s International Trade in Services are statistics that measure services transactions between Singapore and its overseas trading partners.
Exports of services consist of transactions where services are provided from Singapore to overseas trading partners. For example, a Singapore-based shipping company providing freight services to an overseas client, transporting the client’s goods from country A to country B.
Imports of services consist of transactions where services are provided from overseas trading partners to Singapore. For example, an overseas law firm providing legal advice by phone or email to a Singapore-based company.