Merchandise trade (% of GDP) — all countries

Merchandise trade (% of GDP) — Singapore

Merchandise trade (% of GDP) in Singapore in 2025 — 177.64%. Ranked 5 in the world out of 189. Since 1960, the indicator has fallen by 172.7 pp.

2025 177.64% +9.31 pp vs 2024
World rank 5of 189
Period maximum 364.68%1980
Period minimum 168.33%2024

Trend over time

1960–2025 · % of GDP

Merchandise trade (% of GDP) — Singapore, 1960–202515020025030035040019601967197419811988199520022009201620231960: 350.34%1962: 294.71%1964: 228.48%1966: 221.63%1968: 205.58%1970: 209.05%1972: 205.19%1974: 271.76%1976: 247.44%1978: 308.56%1980: 364.68%1982: 304.36%1984: 267.03%1986: 258.28%1988: 327.81%1990: 314.38%1992: 260.19%1994: 270.73%1996: 266.22%1998: 246.86%2000: 283.47%2002: 261.1%2004: 323.59%2006: 343.49%2008: 339.82%2010: 276.33%2012: 267.07%2014: 251.95%2016: 191.36%2018: 207.38%2020: 197.13%2022: 192.78%2024: 168.33%2025: 177.64%
Change over the period: −172.7 pp Annual average: -2.66 pp

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Singapore

Singapore 177.64%
World 43.89%
South-Eastern Asia computed 100.39%
High-income countries computed 44.15%
Merchandise trade (% of GDP) — Singapore, by year Singapore All countries CSV XLSX
Year % Change, pp
2025 177.64 +9.31 pp
2024 168.33 −7.67 pp
2023 176 −16.78 pp
2022 192.78 −2.99 pp
2021 195.77 −1.35 pp
2020 197.13 −1.91 pp
2019 199.04 −8.34 pp
2018 207.38 +3.96 pp
2017 203.42 +12.05 pp
2016 191.36 −19.24 pp
2015 210.61 −41.34 pp
2014 251.95 −2.71 pp
2013 254.66 −12.42 pp
2012 267.07 −10.45 pp
2011 277.52 +1.19 pp
2010 276.33 +10.75 pp
2009 265.58 −74.25 pp
2008 339.82 +28.97 pp
2007 310.85 −32.63 pp
2006 343.49 +7.28 pp
2005 336.2 +12.62 pp
2004 323.59 +20.33 pp
2003 303.26 +42.16 pp
2002 261.1 −3.67 pp
2001 264.77 −18.7 pp
2000 283.47 +21.86 pp
1999 261.62 +14.76 pp
1998 246.86 −10.25 pp
1997 257.1 −9.12 pp
1996 266.22 −10.25 pp
1995 276.47 +5.74 pp
1994 270.73 +7.96 pp
1993 262.77 +2.57 pp
1992 260.19 −15.3 pp
1991 275.5 −38.88 pp
1990 314.38 +4.77 pp
1989 309.6 −18.21 pp
1988 327.81 +35.04 pp
1987 292.77 +34.49 pp
1986 258.28 +1.99 pp
1985 256.29 −10.74 pp
1984 267.03 −14.07 pp
1983 281.1 −23.26 pp
1982 304.36 −38.06 pp
1981 342.42 −22.26 pp
1980 364.68 +21.81 pp
1979 342.87 +34.31 pp
1978 308.56 +25.84 pp
1977 282.72 +35.27 pp
1976 247.44 +7.65 pp
1975 239.79 −31.97 pp
1974 271.76 +34.22 pp
1973 237.54 +32.35 pp
1972 205.19 +2.03 pp
1971 203.16 −5.9 pp
1970 209.05 −7.11 pp
1969 216.16 +10.58 pp
1968 205.58 −2.73 pp
1967 208.31 −13.32 pp
1966 221.63 −6.56 pp
1965 228.19 −0.3 pp
1964 228.48 −47.56 pp
1963 276.04 −18.67 pp
1962 294.71 −16.03 pp
1961 310.74 −39.6 pp
1960 350.34

About the indicator

The sum of exports and imports of goods as a percent of GDP. It differs from trade openness in that services are not counted here, and the difference between the two indicators is exactly what shows the weight of services in a country's foreign trade. The highest values come not from large exporters but from transshipment economies — Singapore, Hong Kong, Luxembourg — where goods are brought in to be sent out again, and both flows are counted in full.

Important: Goods only. The value can exceed 100% of GDP: exports and imports are counted at the full value of the goods while GDP is counted as value added, so in transshipment economies the values run to several hundred percent.

Source: World Development Indicators (World Bank), license CC BY 4.0.