|Unit||Mil. SGD, NSA|
|Adjustments||Not Seasonally Adjusted|
|Source||Singapore Department of Statistics (DOS)|
|Release||Balance of Payments|
|Balance of Goods||2022 Q4||41,707||49,754||Mil. SGD, NSA||Quarterly|
|Current Account Balance||2022 Q4||23,522||32,729||Mil. SGD, NSA||Quarterly|
|Exports of Goods||2022 Q4||184,495||212,381||Mil. SGD, NSA||Quarterly|
|Exports of Goods and Services||2022 Q4||286,401||314,339||Mil. SGD, NSA||Quarterly|
|Imports of Goods||2022 Q4||142,788||162,626||Mil. SGD, NSA||Quarterly|
|Imports of Goods and Services||2022 Q4||232,614||253,069||Mil. SGD, NSA||Quarterly|
|Net Exports||2022 Q4||53,786||61,269||Mil. SGD, NSA||Quarterly|
|Real Exports of Goods and Services||2022 Q4||237,545||253,083||Mil. Ch. 2015 SGD, NSA||Quarterly|
|Real Imports of Goods and Services||2022 Q4||197,758||209,931||Mil. Ch. 2015 SGD, NSA||Quarterly|
|Real Net Exports||2022 Q4||39,833||41,326||Mil. Ch. 2015 SGD, SA||Quarterly|
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.