Trade In Services

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Singapore’s trade in services statistics are compiled by the Singapore Department of Statistics using both survey and administrative data, with the International Trade in Services Survey (TIS Survey) being the main data source.

International trade in services statistics are compiled based on the principles and guidelines set out in the International Monetary Fund's Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6). These guidelines include the definition, valuation, classification and recording of trade in services between residents and non-residents.

Services transactions internationally are valued at market prices i.e. the value of transaction agreed upon between the supplier and the consumer at the time when the service is created, transformed, exchanged, transferred, or extinguished.

Data

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Key Indicators

Items	Unit	Latest Period	Latest Data	% Change (Y‑o‑Y) 1/	Previous Period Data	% Change (Y‑o‑Y) 2/
Trade in Services
Singapore's Total Trade in Services	S$b	2022	758.1	10.8	684.3	16.5
Singapore's Export of Services	S$b	2022	401.5	12.1	358.1	21.2
Singapore's Import of Services	S$b	2022	356.5	9.3	326.2	11.6

Data are preliminary when first released.
na not available or not applicable.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.

International Trade in Services

Title : Trade In Services By Services Category, Annual

Million Dollars

Data Items	2015	2016	2017	2018	2019	2020	2021	2022
Total Trade In Services	432,922.3	429,108.3	487,524.3	550,644.6	581,539.9	587,620.2	684,313.9	758,087.6
Exports Of Services	210,622.7	210,221.1	237,243.6	279,876.3	299,830.9	295,393.1	358,080.9	401,544.4
Manufacturing Services On Physical Inputs Owned By Others	346.5	284.8	243.2	362.6	253.8	220.5	295	312.7
Maintenance And Repair Services	9,315.2	8,537.7	8,216.3	10,089.8	10,550.7	8,994.3	9,113.1	10,692.3
Transport	64,097.1	57,350.6	67,129.9	83,303.7	87,623.5	89,747	123,884.2	140,005.9
Freight	50,798.1	44,010.3	51,903.8	66,458.5	70,327.9	76,715.5	111,155.1	123,219.2
Others	13,299	13,340.3	15,226.1	16,845.2	17,295.6	13,031.5	12,729.1	16,786.7
Travel	22,845.5	26,212.8	27,500.1	27,530.7	27,692.8	7,388.2	5,520.9	16,259.3
Insurance	5,312.7	6,076.8	6,710.2	9,484.8	8,781.3	8,436.1	9,270.6	10,209.8
Government Goods And Services	397	404.8	408.9	413.5	419.2	411.9	422	442.9
Construction	1,172.2	1,363.2	1,011.5	1,610.6	1,699.6	1,214.8	1,122.8	1,153.5
Financial	28,879.7	30,260.1	37,271	42,668.5	45,917.2	49,783.1	52,593.1	54,861
Telecommunications, Computer & Information	12,199	16,773	18,287.4	20,562	20,112.3	26,988.9	31,235.2	31,968.1
Charges For The Use Of Intellectual Property	11,894.1	9,734.2	11,057	11,843.4	11,858.1	12,111	14,886.1	17,015.2
Personal, Cultural And Recreational	852.8	752.4	674.4	1,071.5	1,108.8	1,024.4	3,438.9	3,544.9
Other Business Services	53,310.9	52,470.7	58,733.7	70,935.2	83,813.6	89,072.9	106,299	115,078.8
Accounting	307.3	321.5	305.2	331.9	374.7	507.2	408.4	460.3
Advertising And Market Research	10,231.9	10,820.7	17,956.6	24,265.8	30,706.5	36,880.8	48,994.4	54,135.8
Architectural	382	351.3	354.7	333.3	324.2	285.7	210.9	225.6
Business Management	23,455.8	23,611.1	22,310.2	25,046.1	26,708	27,138.8	27,844.6	30,430.5
Engineering And Technical	5,183.1	4,717.9	3,915.2	4,716.3	7,266	7,689	10,459.8	10,723.2
Legal	766.8	870.8	975.1	990	1,038	1,140.2	1,217.9	1,251.1
Research And Development	1,054.5	944.4	1,080.3	1,033.8	964.3	1,128.2	1,252.3	1,287.8
Operating Leasing	5,883.3	5,116.8	4,204.5	4,779.6	5,040.7	5,123.8	6,597	6,940.4
Trade-Related	5,469.1	4,970.5	6,798.2	8,513	10,217.9	8,112.3	8,056.4	8,277.5
Others	577.1	745.7	833.7	925.4	1,173.3	1,066.9	1,257.3	1,346.6
Imports Of Services	222,299.6	218,887.2	250,280.7	270,768.3	281,709	292,227.1	326,233	356,543.2
Manufacturing Services On Physical Inputs Owned By Others	8,341.2	7,689.7	8,194.9	7,576.9	7,928.3	9,119.5	9,901.8	10,935.6
Maintenance And Repair Services	929.3	924.1	821.7	991.5	1,189.5	996	977.8	992.1
Transport	65,611.6	60,109.4	70,383.5	84,996	88,245.2	101,648.7	118,605.1	127,014.2
Freight	43,581.5	38,114.9	47,484.5	56,374.1	58,619.4	71,340.2	85,095.8	89,227.4
Others	22,030.1	21,994.5	22,899	28,621.9	29,625.8	30,308.5	33,509.3	37,786.8
Travel	32,524.9	33,063.4	34,308.2	35,738.7	36,898	9,782	5,560.6	21,076.9
Insurance	4,376.7	6,032.6	5,548.8	6,643	7,507.1	9,085.6	7,901.5	8,214.9
Government Goods And Services	274.7	310.3	293.4	311.1	315.6	288.9	299.9	324.8
Construction	466.9	514.1	514.4	744	639.3	669.6	781.6	814.3
Financial	6,194	6,363.3	7,690.9	8,853.6	9,810.4	13,466.5	15,537.3	15,507.7
Telecommunications, Computer & Information	14,932.2	17,648.3	20,807.7	19,813.5	22,947.6	31,584.6	36,193.8	37,023.8
Charges For The Use Of Intellectual Property	26,672	21,644.2	21,833.3	23,266.3	20,682.6	20,534.4	21,932.5	21,792.3
Personal, Cultural And Recreational	685.2	542.3	584.5	904.5	1,032.2	1,026.2	1,295.9	1,365.6
Other Business Services	61,290.9	64,045.5	79,299.4	80,929.2	84,513.2	94,025.1	107,245.2	111,481
Accounting	331	392	404.7	467.1	529	623.4	588.2	637.9
Advertising And Market Research	3,808.8	4,258.7	7,983	10,154.8	13,741.5	15,360.9	20,057.9	21,460
Architectural	46.9	72	55.5	65.1	49.8	49.1	43.1	46
Business Management	18,749.9	21,712.2	23,605.9	25,900.3	29,105.4	30,495.1	34,761.8	36,216.4
Engineering And Technical	3,286.9	3,323.7	3,186.5	3,315.5	4,388.1	5,122.9	6,034.5	5,817
Legal	315.4	336.7	347.9	393.8	425.4	559.3	657.7	696.9
Research And Development	17,126.5	14,544.7	22,373.3	18,968.7	17,943.9	21,456.4	22,008.7	22,654.5
Operating Leasing	5,177.4	4,843.3	5,542.2	5,385.5	4,688.7	3,751.2	3,659.9	3,818.2
Trade-Related	12,097	14,167	15,428.8	15,946.7	13,315	16,200.4	19,039.1	19,707.4
Others	351.1	395.2	371.6	331.7	326.4	406.4	394.3	426.7

SOURCE : SINGAPORE DEPARTMENT OF STATISTICS

Footnotes

Please refer to Technical Notes (https://www.singstat.gov.sg/-/media/files/find_data/trade-and-investment/notesinttrade.pdf) for more information on trade in services data sources and compilation methodology.

Trade In Services By Services Category, Annual

Exports Of Services By Major Trading Partner, Annual

Imports Of Services By Major Trading Partner, Annual

Trade In Services By Detailed Services Category, Annual

Exports Of Services By Major Trading Partner And Services Category, Annual

Imports Of Services By Major Trading Partner And Services Category, Annual

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