The 2023 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-Singapore Digital Partnership, EU-Singapore agreements and trade tools.

In 2022, EU-Singapore trade in goods reached €52.5 billion, an increase by 21.9% on a year-on-year basis. EU exports to Singapore amounted to €31.7 billion, while imports from Singapore totalled €20.8 billion. Singapore ranked globally as the EU’s 22nd largest merchandise trade partner in 2022.

EU-Singapore trade in services amounted to €57.6 billion in 2021, 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 €100.7 billion in 2021, 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 2021, EU FDI stocks held in Singapore reached €263 billion, an increase by 7.2% in comparison to 2020. Singapore ranked globally as the EU’s fifth largest destination for FDI stocks and the largest investment destination in ASEAN. Conversely, FDI stocks held by Singapore in the EU amounted to €171 billion in 2021, an increase by 0.7% compared to 2020.

EU-Singapore Trade and Investment Booklet 2023