Singapore - Balance of Goods





Singapore: Balance of Goods

Mnemonic TRBG.ISGP
Unit Mil. SGD, NSA
Adjustments Not Seasonally Adjusted
Quarterly 5.94 %
Data 2019 Q2 33,066
2019 Q1 31,212

Series Information

Source Singapore Department of Statistics (DOS)
Release Balance of Payments
Frequency Quarterly
Start Date 3/31/1986
End Date 6/30/2019

Singapore: Trade

Reference Last Previous Units Frequency
Balance of Goods 2019 Q2 33,066 31,212 Mil. SGD, NSA Quarterly
Current Account Balance 2019 Q2 21,497 21,617 Mil. SGD, NSA Quarterly
Exports of Goods 2019 Q2 154,976 144,001 Mil. SGD, NSA Quarterly
Exports of Goods and Services 2019 Q2 216,651 204,378 Mil. SGD, NSA Quarterly
Imports of Goods 2019 Q2 121,909 112,789 Mil. SGD, NSA Quarterly
Imports of Goods and Services 2019 Q2 184,659 173,967 Mil. SGD, NSA Quarterly
Net Exports 2019 Q2 31,992 30,411 Mil. SGD, NSA Quarterly
Real Imports of Goods and Services 2019 Q2 180,015 170,860 Mil. Ch. 2015 SGD, NSA Quarterly
Real Net Exports 2019 Q2 29,868 28,959 Mil. Ch. 2015 SGD, SA Quarterly
Real Exports of Goods and Services 2017 843,207,200,000 810,026,400,000 NCU Annual

Release Information

Singapore's balance of payments. The data is expressed in Mil. SGD and is not seasonally adjusted.

The BOP records economic transactions between residents and non-residents. The residence of an entity is the economic territory with which it has the strongest connection, determined by its centre of predominant economic interest. Cross-border transactions are recorded on an accrual basis and occur when there is change of economic ownership, a term introduced in BPM6 taking into account the risks and rewards of ownership. While BPM5 allowed for exceptions to the change of ownership principle (e.g. in relation to goods for processing and migrants’ transfers), such exceptions have been eliminated from the guidelines set out in BPM6.

For full detail, users can refer to this link: http://www.singstat.gov.sg/docs/default-source/default-document-library/publications/publications_and_papers/international_accounts/op-e28.pdf

The data was revised in 2010 by the Department of Statistics. In March 2012, the DOS revised its BOP statistics to BPM6 (In accordance with the IMF standards). The source revises the history each year with the release of the Annual Economic Survey of Singapore every February.