Singapore - Balance of Goods

Singapore: Balance of Goods

Mnemonic TRBG.ISGP
Unit Mil. SGD, NSA
Adjustments Not Seasonally Adjusted
Quarterly 5.78 %
Data 2020 Q3 32,074
2020 Q2 30,323

Series Information

Source Singapore Department of Statistics (DOS)
Release Balance of Payments
Frequency Quarterly
Start Date 3/31/1986
End Date 9/30/2020

Singapore: Trade

Reference Last Previous Units Frequency
Exports of Goods and Services 2020 Q4 216,253 204,537 Mil. SGD, NSA Quarterly
Imports of Goods and Services 2020 Q4 178,783 163,309 Mil. SGD, NSA Quarterly
Net Exports 2020 Q4 37,469 41,227 Mil. SGD, NSA Quarterly
Real Imports of Goods and Services 2020 Q4 181,283 166,751 Mil. Ch. 2015 SGD, NSA Quarterly
Real Net Exports 2020 Q4 37,084 37,493 Mil. Ch. 2015 SGD, SA Quarterly
Balance of Goods 2020 Q3 32,074 30,323 Mil. SGD, NSA Quarterly
Current Account Balance 2020 Q3 22,911 17,868 Mil. SGD, NSA Quarterly
Exports of Goods 2020 Q3 137,794 125,204 Mil. SGD, NSA Quarterly
Imports of Goods 2020 Q3 105,719 94,881 Mil. SGD, NSA 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.

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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.