In 2018, Russia exported The sanctions and restrictions against Russia come in response to its invasion of Ukraine, which started on Feb 24. The biggest export product, with 43 percent share, is machinery and equipment.The country also exports petroleum (19 percent); chemical products (13 percent); miscellaneous manufactured articles (8 percent) and oil bunkers (7 percent). Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. (c) Providing financial services in relation to designated Russian non-bank entities which are involved in activities in (b). In 2019, countries that imported more from Singapore than Russia were Hong Kong ($41.7B), Malaysia ($22.9B), and United States ($27.6B). Singapore Exports of headgear and to Russia, 2022 Data 2023 Forecast 1992-2021 Historical. Foreign Minister Vivian Balakrishnan said Singapore plans to impose export controls on items that can be used as weapons in Ukraine "to inflict harm or to subjugate the Ukrainians." Singapore. You only have access to basic statistics. As mentioned above, Singapore is one of the largest exporters in the world and its main trading partners are China, Malaysia, Indonesia, Hong Kong, and Australia. Russia-Singapore In 2020, Russia exported $1.32B to Singapore. Singapore is currently our 17th largest goods trading partner with $57.8 billion in total (two way) goods trade during 2020. (e) Entering into transactions or providing financial services in relation to the following sectors, in the breakaway parts of the Donetsk and Luhansk regions of Ukraine: Financial institutions will not be allowed to do business with certain sectors in the breakaway parts of the Donetsk and Luhansk regions of Ukraine. During the last 25 years the exports of Singapore to Australia have increased at an annualized rate of 4.58%, from $2.04B in 1995 to $6.26B in 2020. This visualization show the product space at the HS4 level colored from blue to yellow. Impact on Companies in Singapore Local Companies According to UN Comtrade data, Singapore's exports to Russia stood at USD 548 million in 2020 (or 0.15 percent of its total exports) and imports from Russia stood at USD 1.4 billion in 2020 (or 0.42 percent of its total imports). Last year, Singapore's trade in goods with Russia was $5 billion, said the Ministry of Trade and Industry. Trade with Russia makes up an insignificant proportion of Singapore's total trade. Service trade data is presented based on availability. (f) Entering into or facilitating any transactions involving cryptocurrencies, to circumvent any of the above prohibitions in (a) to (e). The Trading Economics Application Programming Interface (API) provides direct access to our data. Get full access to all features within our Corporate Solutions. Corporate solution including all features. As a percentage, 14% of Singapore 's exports go to China, Malaysia, and Indonesia import 12% each from companies in Singapore, as for Hong Kong and Australia . Singapore's non-oil domestic exports (NODX) jumped 17.6% year-on-year in March, up from the revised 3.1% increase in February (previously reported: +3.0% year-on-year). (b) Providing financing or financial services in relation to the export from Singapore or any other jurisdiction of goods subject to Singapores export controls on Russia. In order to constrain Russias capacity to conduct war in Ukraine and cyber aggression, all permit applications to Russia involving (a) all items on the list of military goods (Part 1 of the Schedule to the SGCO) and category codes under Category 3 Electronics, Category 4 Computers and Category 5 Telecommunications and Information Security on the list of dual-use goods (Part 2 of the Schedule to SGCO) will be rejected. In 2020, Russia exported $1.32B to Singapore. Show publisher information Standard users can export data in a easy to use web interface or using an excel add-in. SINGAPORE is not likely to take a direct economic hit from putting export curbs on Russia, observers said on Wednesday (Feb 23), amid media reports that the Republic may join international sanctions over a dispute involving Ukraine. In 2020, Singapore did not export any services to Russia. These goods comprise all items on the Military Goods List and specified categories in the Dual-Use Goods List in the SGCO. The main products that Russia exported to Singapore were Refined Petroleum ($1.09B), Crude Petroleum ($68.3M), and Raw Nickel ($37.9M). Russia-Singapore In 2020, Russia exported $1.32B to Singapore. How much trade does Singapore have with Russia? Emergency Tel (after hours): +7-906-009-0069 Fax: +7-499-241-7895 Email: singemb_mow@mfa.sg Address: Pereulok Kamennaya Sloboda 5 121099 Moscow Russian Federation URL: https://www.mfa.gov.sg/moscow Office Hours: Mon - Fri 9.00 am to 1.00 pm 2.00 pm to 5.30 pm Sat & Sun - Closed Local Emergency Contacts Emergency Number: 112 MFA HQ Contact Details 10Y 25Y 50Y MAX Chart Compare Export API Embed Singapore-Australia In 2020, Singapore exported $6.26B to Australia.The main products that Singapore exported to Australia are Refined Petroleum ($2.82B), Other Edible Preparations ($379M), and Crude Petroleum ($333M). Economists had expected 7.1% growth in a Reuters poll. statistic alerts) please log in with your personal account. SINGAPORE, Feb 28 (Reuters) - Singapore will impose "appropriate sanctions and restrictions" on Russia, its foreign minister said on Monday, including banking and financial measures and. Use Ask Statista Research Service, The 20 countries with the highest trade surplus in 2020, Largest services trading partners Singapore 2020, by value. Singapore intends to impose export controls on items that can be used directly as weapons in Ukraine to inflict harm, and it will also block certain Russian Their efforts extend. Due to ongoing developments, the Singapore Government may announce further measures and clarifications in in the coming days. A paid subscription is required for full access. $484M, with Transportation ($249M), Other business services ($90.3M), and Computer and information services ($86.5M) being the largest in terms of value. During 2020, Russia had a large net trade with Singapore in the exports of Mineral Products ($1.17B), Metals ($77.2M), and Chemical Products ($29.7M). SINGAPORE Russia 's weekend backtrack from a U.N.-brokered deal to export Black Sea grains is likely to hit shipments to import-dependent countries, deepening a global food crisis and . API users can feed a custom application. Trade, Complexity, and Rankings Updated to 2020. Similarly, the more yellow a dot/product is, the more Russia has comparative advantage over Singapore. Directly accessible data for 170 industries from 50 countries Data from the Observatory of Economic Complexity, an online trade data hub, showed that Russia's exports to Singapore amounted to US$94.2million (S$127.9m) in November 2021, while its imports from Singapore that month amounted to US$65.2 million (S$88.5m). In 2019, countries that imported more from Russia than Singapore were United Kingdom ($25.3B), Netherlands ($22.5B), and Belarus ($15.8B). Total Starbucks locations globally 2003-2021, U.S. beer market: leading domestic beer brands 2017, based on sales, Revenue and financial key figures of Coca-Cola 2009-2021, Research expert covering Singapore, Indonesia and Malaysia, Profit from additional features with an Employee Account. The Corporation Bank for Development and Foreign Economic Affairs Vnesheconombank; Promsvyazbank Public Joint Stock Company; and, the Central Bank of the Russian Federation; or. The main products that Singapore exported to Russia are Cocoa Butter ($38.9M), Low-voltage Protection Equipment ($37.5M), and Navigation Equipment ($37.4M). Advanced users can use our Python/R/Matlab packages. In 2020, Russia exported $1.32B to Singapore. During the last five reported years the exports of Russia have changed by -$3.49B from $334B in 2015 to $330B in 2020. As soon as this statistic is updated, you will immediately be notified via e-mail. Headgear not specified elsewhere, whether or not lined or trimmed, Hats and Headgear, Knitted or Crocheted, of Felt or Other Textile Fabric, Headbands, Linings, Covers, Hat Foundations, Hat Frames, for Headgear, Hat Shapes, Plaited or Made By Assembling Strips of Any Materials, Hats and Other Headgear, Plaited of Any Materials, Domestic Exports of Non Oil (nodx) (%yoy). Value of exports to Russia from Singapore in 2020, by commodity (in million U.S. dollars) [Graph]. You can only download this statistic as a Premium user. As a Premium user you get access to the detailed source references and background information about this statistic. The Trading Economics Application Programming Interface (API) provides direct access to our data. That same year, Russia ranked 43 in the Economic Complexity Index (ECI 0.5), and 13 in total exports ($330B). Singapore's exports. The main products exported from Singapore to Russia were Cocoa Butter ($38.9M), Low-voltage Protection Equipment ($37.5M), and Navigation Equipment ($37.4M). In addition to United Nations Security Council (UNSC) sanctions, certain countries also impose unilateral sanctions. Details on the designation of these non-bank entities will be provided subsequently. Trade in services with Singapore (exports and imports) totaled an estimated . In 2020, Singapore exported $589M to Russia. We have a plan for your needs. Authors: Hagen Rooke Leigh T. Hansson Calvin Chan Alexander Brandt Catriona Casha Michael J. Lowell Updated as of 23 March 2022 These prohibitions apply to the buying and selling new securities, providing financial services that facilitate new fund raising by, and making or participate in the making of any new loan to the above entities. Video unavailable. Currently, you are using a shared account. Earlier this week, Foreign Affairs Minister Vivian Balakrishnan said Singapore . In one "a 20-year old Aframax loaded with Russian crude was briefly adrift . As a Premium user you get access to background information and details about the release of this statistic. The Monetary Authority of Singapore will issue directions to all financial institutions shortly, setting out the details of the above measures (a)-(f). Poten cites two recent incidents that highlight the potential risks. Industry-specific and extensively researched technical data (partially from exclusive partnerships). Financial institutions in Singapore will also be barred from providing financing or financial services relating to the export from Singapore or any other jurisdiction of goods subject to Singapore's export controls on Russia. Items subject to strategic goods control are listed in the SGCO. "Value of Exports to Russia from Singapore in 2020, by Commodity (in Million U.S. Exports had grown 11.4% in August. Access to this and all other statistics on 80,000 topics from, Show sources information The main products exported from Russia to Singapore were Refined Petroleum ($1.09B), Crude Petroleum ($68.3M), and Raw Nickel ($37.9M). Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook With an EU import ban and the G7 oil price cap in the works, Russia may turn increasingly to the so-called Dark Fleet. The main products exported from Russia to Singapore were Refined Petroleum ($1.09B), Crude Petroleum ($68.3M), and Raw Nickel ($37.9M). Singapore will impose "appropriate sanctions and restrictions" on Russia, its foreign minister said on Monday, including banking and financial measures and export controls on items that could . During the last 25 years the exports of Russia to Singapore have increased at an annualized rate of 6.27%, from $289M in 1995 to $1.32B in 2020. In January-June 2021, the volume of Russian exports of agricultural products to Singapore compared to the same period last year decreased by 49.8% in value terms, or by $1.5 mln. Advanced users can use our Python/R/Matlab packages. We elaborate upon this in the export control measures section below. During the last 25 years the exports of Singapore to Russia have decreased at an annualized rate of 1.65%, from $893M in 1995 to $589M in 2020. White label accounts can distribute our data. Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal. Singapore Exports of zinc to Russia was US$65.21 Thousand during 2018, according to the United Nations COMTRADE database on international trade. and over 1Mio. The prohibited cryptocurrency transactions cover all transactions that involve cryptocurrencies and extend to the payment and settlement of transactions that relate to digital assets (such as non-fungible tokens). We have a plan for your needs. API users can feed a custom application. During the last 25 years the exports of Singapore to Russia have decreased at an annualized rate of 1.65%, from $893M in 1995 to $589M in 2020. Learn more about how Statista can support your business. facts. Singapores Strategic Goods Control regime regulates the transfer (export, transit, and transshipment) of strategic goods which are generally military weapons or their parts as well as high technology goods which could be used for both commercial and military purposes.
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