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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.

 

International services transactions are valued at market prices i.e., the transactions are valued at the actual price agreed upon between the supplier and the consumer.


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

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

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Definitions

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Other References

Ministry of Trade and Industry
Economic Survey of Singapore View