Capitalise on the region’s numerous opportunities in infrastructure development.
International trade forms the backbone of Singapore's economy, which is among the most open and trade-friendly in the world . We ensure everything – from institutions and infrastructure to policies and services – encourage the free flow of goods.
As a key economic pillar, total physical trade is typically more than double of Singapore's GDP.
International trade is the process of trading, selling, marketing, providing value added services, and distributing goods and services for use by a consumer or business user. The bulk of trade in Singapore involves the business-to-business (B2B) buying
and selling of products, which involves many small and medium enterprises (SMEs) and multinational corporations (MNCs).
In 2016, over 34,000 companies across seven industry segments employed 9% of Singapore's total workforce – or more than 320,000 people. These companies handled S$47.3 billion worth of merchandise, which accounted for close to 12% of the nation's GDP.
The national plan to improve the industry – the Wholesale Trade Industry Transformation Map (ITM) – aims to create 10,000 new jobs by 2020.
International traders import and export a diverse range of goods that include electronics, pharmaceutical items, food, motor vehicles and commodities. They can be:
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