U.S. - Singapore Relations
U.S. - Singapore Relations-2005
U.S. - Singapore Trade Highlights
- First year of the FTA shows U.S. exports to Singapore up by 18.1%; U.S. exports to Singapore ($19.6b) were 56.5% of those to China ($34.7b) and almost as much as what we sell to either France ($21.2b) or Taiwan ($21.7b).
- The trade surplus with Singapore ($4.3b) is our 5th largest in the world, after the Netherlands ($11.7b), Australia ($6.7b), Hong Kong ($6.5b), and Belgium ($4.4b).
- Among ASEAN countries, first year of the FTA shows growth in U.S. exports to Singapore (18.1%) exceeded that of any other trading partner of significance within the group -- Thailand (10.3% growth ), Indonesia (8%), Malaysia (0%), and the Philippines (-11.3%).
- U.S. exports to ASEAN ($47.9 billion) were 138% of those to China ($34.7 billion).
- 41% of U.S. exports to ASEAN (560 million people) went to Singapore (4 million people).
- Our 2004 surplus was bolstered by big increases in exports of electrical machinery ($5.3 billion/29.3% growth), machinery ($5.3 billion/23.3% growth) and to a lesser extent by optical and medical instruments ($1.5 billion/25% growth).
- 50% of U.S. exports to Singapore derive from just four states: California (21.2%), Texas (17.4%), Washington (7.6%), and Massachusetts (3.9%).
Additional Trade Statistics
