On this page you will find beneficial information regarding foreign direct investment in / trading with Singapore. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.

It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.

Type of Government: Parliamentary Republic
Population: 5.637million (2022)
GDP: 466.8 billion USD (2022)
Corporate Tax Rate: 17%
Personal Income Tax Rate: 22%
Major Exports: Integrated Circuits ($81.9B), Refined Petroleum ($62.9B), Machinery Having Individual Functions ($15.4B), Gold ($13.1B), and Gas Turbines ($8.48B), exporting mostly to Hong Kong ($51.6B), China ($51.2B), Malaysia ($35.9B), United States ($28.9B), and Indonesia ($22.5B).
Major Imports: Integrated Circuits ($76B), Refined Petroleum ($58.5B), Crude Petroleum ($32.6B), Gold ($17.5B), and Machinery Having Individual Functions ($11.6B), importing mostly from China ($73.3B), Malaysia ($53.8B), United States ($41.4B), Chinese Taipei ($38.6B), and South Korea ($22.5B).