71200 Singapore: Trade At-A-Glance Dec-08 2007 GDP 2007 GDP 2007 Share 2007 Trade Membership No. of RTAs/ EIAs (millions) per capita in World Trade per capita GATT WTO Goods Services $146,857 $32,352 2.08% $152,307 1973 1995 13 11 Singapore TRADE PERFORMANCE ‡ HI non-OECD Ranking Decile TP High inc TRADE POLICY (TP) (out of 125) 1 1 EXTERNAL ENVIRONMENT (EE) (out of 126) 72 6 TO EE INSTITUTIONAL ENVIRONMENT (IE) (out of 181) 1 1 TRADE FACILITATION (TF) (out of 151) 1 1 TRADE OUTCOME (TO) (out of 161) 48 3 TF IE ‡ Rankings are based on the "representative" indicators (in bold) in each group below for the latest year Outer bound represents best value in latest year TRADE POLICY (TP)  1995-99^ 2000-04^ 2005-07^ Latest^ Trade Tariff Restrictiveness Index (MFN applied tariffs)& 2.5 0.0 0.0 * TTRI (applied tariffs including preferences) & .. 0.0 0.0 * TTRI Overall TRI (OTRI, applied tariffs incl. prefs.+NTMs)& .. 19.2 19.7 * (MFN) Other trade policy indicators MFN applied tariff - simple avg (%) 0.0 0.0 0.0 0.0 Applied Dispersion (coefficient of variation) .. 110.3 61.5 62.7 tariff (wgt avg) Maximum rate 0.0 84.1 90.1 114.0 Agriculture - simple avg (%) 0.0 0.1 0.2 0.2 Import Nonagriculture - simple avg (%) 0.0 0.0 0.0 0.0 duties MFN applied tariff - trade weighted avg (%) 0.0 0.0 0.0 0.0 MFN zero-duty imports (% in total imports) 99.3 99.9 100.0 .. Applied tariff (incl. prefs.) - trade weighted avg (%) 0.0 0.0 0.1 0.0 Nontariff measures Agriculture 0.0 0.7 4.9 0.5 Nonagriculture 0.0 0.0 0.0 0.0 0 10 20 30 40 Applied tariff (incl. prefs.) - production weighted avg (%) .. 0.0 0.0 * HI non-OECD High inc Singapore Applied tariff (incl. prefs.) escalation (finished% minus raw%) .. 0.0 0.0 Agriculture .. .. 0.3 0.4 Nonagriculture .. .. 0.0 0.0 Import duties (% of imports) .. 0.1 0.0 .. Services commit. Tariff overhang (MFN bound less MFN applied rate,%) 6.9 6.9 151.0 150.9 Bound tariff frequency ratio (% of total lines) .. 70.2 69.9 69.2 * Specific tariffs frequency ratio (%) 0.1 0.0 0.1 0.1 0 40 80 Non-tariff measures frequency ratio (%) .. 17.6 .. .. HI non-OECD High inc Singapore Overall GATS commitment index (0-100, best) .. 22.7 22.7 EXTERNAL ENVIRONMENT (EE)  1995-99^ 2000-04^ 2005-07^ Latest^ MA-TTRI (applied tariffs incl. prefs.)& 2.6 2.1 * MA-OTRI (applied tariffs incl. prefs.+NTMs)& 7.5 6.5 * MA-TTRI Other external environment indicators ROW applied tariff (incl. prefs.) - weighted avg (%) 3.6 3.0 2.1 1.9 * MFN duty free Agriculture 19.6 21.9 15.9 14.2 * (exports) Nonagriculture 3.3 2.7 1.9 1.7 * MFN zero-duty exports (% of total exports) 41.4 57.7 67.5 65.5 * Value of prefer Exports with FTA / CU partners (% of total exports) 52.4 77.8 81.0 81.4 * Preferences (EU+U.S.) utilization rate (%) .. .. 59.3 64.0 * 0 1 Lowest Highest Preferences (EU+U.S.) actual value (% of exports) .. .. 0.1 0.1 * HI non-OECD High inc Singapore Real effective exchange rate (% change,+ =apprec.) -0.8 -1.4 0.9 6.0 ^ Indicators shown are period averages, incl. growth rates. Latest indicates 2008; when not available, 2006 or 2007 is used(noted by *). For more infor., see User's Guide at http://www.worldbank.org/wti2008. ŸMFN: most favored nation; NTM: nontariff measures; MA: market access; ROW: rest of the world; FTA: free trade agreement; CU: customs union; WTO: World Trade Organization GATT: General Agreement on Tariffs and Trade; WGI: World Government Indicators; ".." indicates missing value; RTA/EIA: regional trade arrangement / economic integration arrangement; & 2007 are preliminary estimates Singapore Trade At-A-Glance Dec-08 INSTITUTIONAL ENVIRONMENT (IE) 2004 2006 2007 2008 Ease of Doing Business (rank out of 181) .. .. 1 1 Starting a business (rank) .. .. 9 10 Enforcing contracts (rank) .. .. 3 10 Ease of Doing Closing a business (rank) .. 2 14 Business Other institutional environment indicators WGI - Regulatory Quality (-2.5 to +2.5, best) 2.26 2.22 2.41 .. 0 80 160 WGI - Rule of Law (-2.5 to +2.5, best) 1.81 1.76 1.79 .. HI non-OECD High inc Singapore WGI - Control of Corruption (-2.5 to +2.5, best) 2.33 2.20 2.20 .. TRADE FACILITATION (TF) 1995-99^ 2000-04^ 2005-07^ Latest^ Logistics Performance Index (LPI, 1 to 5 best) .. .. 4.2 4.2 * Efficiency of customs and other border procedures .. .. 3.9 3.9 * Logistic Index Quality of transport and IT infrastructures .. .. 4.3 4.3 * International transportation costs .. .. 4.0 4.0 * Logistics competence .. .. 4.2 4.2 * Trading Trackability of shipments .. .. 4.2 4.2 * Across Borders Domestic transportation costs .. .. 2.7 2.7 * Timeliness of shipment .. .. 4.5 4.5 * Other trade facilitation indicators UNCTAD Shipping Doing Business - Trading Across Borders (rank out of 181) .. 1 1 No. of documents required for exports .. .. 4 4 No. of days process required for exports .. .. 50 49 Telephones Cost to export (US$ per container) .. .. 416 456 per 100 No. of documents required for imports .. .. 4 4 No. of days process required for imports .. .. 3 3 Secondary Cost to import (US$ per container) .. .. 367 439 enrollment Liner shipping connectivity index (0-100 best) .. .. 84.0 87.5 Telephones and mobiles per 100 people 66.4 126.9 153.3 163.0 * 0 Lowest 1 Highest Average cost of 3-minute call to U.S. (US$) 2.0 0.7 .. .. HI non-OECD High inc Singapore Internet usage (per 100 people) 13.5 46.7 58.8 58.8 * Secondary gross school enrollment (%) .. .. .. .. TRADE OUTCOME (TO) ## 1995-99^ 2000-04^ 2005-07^ Latest^ Real growth in trade of goods and services (%) 7.5 10.4 9.8 8.9 12 10.4 Exports 7.6 10.4 9.9 6.5 10 9.3 9.8 9.2 8.9 8.7 8 8.0 7.9 7.5 Imports 6.9 13.3 13.1 11.6 6.6 6 5.2 5.3 Other trade outcome indicators 4 Trade integration (trade as % of GDP) 344.1 387.6 450.1 498.0 2 FDI inflow (% of GDP) 13.5 14.9 15.1 15.8 0 1995-99 2000-04 2005-07 2008 World trade share growth (%) -0.9 0.4 0.2 2.9 Trade Growth Rate Exports -0.8 0.7 0.2 0.3 Singapore HI non-OECD High inc Imports -1.0 0.2 0.2 5.9 Merchandise share in total exports (%) 84.0 82.6 81.9 83.1 Exports Share (2005-07) Agriculture 3.6 2.1 1.6 1.5 * Agric, Manufacturing 71.2 70.0 65.8 65.5 * Service, 1.6 18.1 Mining, fuel and others 9.3 10.5 14.5 15.3 * Service share in total exports (%) 16.0 17.4 18.1 16.9 Tourism 3.9 2.5 2.1 2.1 * Mining, Transportation 5.8 6.9 6.5 6.3 * 14.5 Other services 6.2 8.0 9.5 9.3 * Manuf, Export product concentration index (0 to 100, highest) 23.5 25.6 26.3 27.1 * 65.8 Export market concentration index (0 to 100, highest) 30.1 28.0 26.0 26.1 * Top 5 exports share (% of merchandise exports) .. .. 56.5 55.6 * Top 5 exports (SITC Rev. 2; 3 digit) Valves/transistors[776], Hvy pet/bitum oils[334], Office equip parts/accs.[759], Telecomms Equip[764], Comp Equip[752] ^ Indicators shown are period averages, incl. growth rates. Latest indicates 2008; when not available, 2006 or 2007 is used (noted by *). For more info., see User's Guide at http://www.worldbank.org/wti2008 ## Most outcome indicators (mostly through 2007) are from the WDI (World Bank, Data Group), UNCTAD or COMTRADE; for filling gaps and 2008, data from the Prospects Group are used.