EU-Singapore Trade and Investment Booklet 2022

Singapore is the EU’s main trade and investment partner in Southeast Asia, with annual trade in goods and services amounting to €91 billion in 2020 and EU FDI stocks held in Singapore reaching €255.6 billion at the end of 2020.

The 2022 edition of the EU-Singapore Trade and Investment Booklet offers an overview of the strong economic relations between the EU and Singapore with latest annual statistics on trade in goods, trade in services and Foreign Direct Investment. It also provides useful information on the EU’s Strategy for cooperation in the Indo-Pacific, EU-Singapore agreements and trade tools.

In 2021, EU-Singapore trade in goods reached €42.9 billion, an increase by 4.5% on a year-on-year basis. EU exports to Singapore amounted to €27.3 billion, while imports from Singapore totalled €15.6 billion. Singapore ranked globally as the EU’s 20th largest merchandise trade partner in 2021.

EU-Singapore trade in services amounted to €50.3 billion in 2020, ranking Singapore as the EU’s fifth largest partner for trade in services. With trade in goods and services combined, total EU-Singapore trade reached €91 billion in 2020, 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 2020, EU FDI stocks held in Singapore reached €255.6 billion, an increase by 15.4% in comparison to 2019. Singapore ranked globally as the EU’s seventh largest destination for FDI stocks and the largest investment destination in ASEAN. Conversely, FDI stocks held by Singapore in the EU amounted to €150 billion in 2020, a significant increase by 26.6% compared to 2019.