The 2021 edition of the EU-Singapore Trade and Investment Booklet offers an overview of the strong economic relations between the EU and Singapore with latest statistics on trade in goods, trade in services and Foreign Direct Investment. It also provides useful information on the EU’s new trade strategy, EU-Singapore agreements and trade tools.
In 2020, EU-Singapore trade in goods reached almost €41 billion, with exports to Singapore amounting to €24 billion and imports from Singapore totalling almost €17 billion. Despite the effects of the pandemic, Singapore ranked globally as the EU’s 16th largest merchandise trade partner in 2020. EU-Singapore trade in services amounted to €56.8 billion in 2019, ranking Singapore as the EU’s sixth largest partner for trade in services. With trade in goods and services combined, total EU-Singapore trade reached €103.6 billion in 2019, ranking Singapore as the EU’s largest trade partner in ASEAN and 11th largest trade partner in the world.
With regard to Foreign Direct Investment, Singapore remains an important destination for EU investment. At the end of 2019, EU FDI stocks held in Singapore reached €222 billion, a significant increase by 21.9% in comparison to 2018. Singapore ranked globally as the EU’s eighth largest destination for FDI stocks and the largest investment destination in ASEAN. Conversely, FDI stocks held by Singapore in the EU amounted to €126 billion in 2019, an increase by 10.5% compared to 2018.