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EU-Singapore trade in goods increased by 20.7% in first half of 2022

EU-Singapore trade in goods registered a remarkable 20.7% increase on a year-on-year basis, in the first six months of 2022, despite the global uncertainties caused by Russia’s invasion of Ukraine.

Media Release EU SG Trade

EU exports to Singapore expanded by 10.4% reaching €15 billion, while EU imports from Singapore went up by 39.7% amounting to €10.5 billion, evidencing a steady economic recovery from the COVID-19 pandemic trade disruptions.

European Union Ambassador to Singapore Iwona Piórko calls the expansion of bilateral merchandise trade “an important proof of the benefits of free and open trade.”

Deepika Shetty, Press Officer
European Union Delegation to Singapore