Trade in Services
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.
SMEs
Small & Medium Enterprises (SMEs) are defined as enterprises with operating revenue not more than $100mil or employment not more than 200 workers.
Non-SMEs
Non-SMEs are defined as enterprises with operating revenue more than $100mil and employment more than 200 workers.