72760 World Trade Indicators 2009/10 Singapore: Trade-at-a-Glance Table 2008 GDP 2008 GDP 2008 Share 2008 Trade Membership No. of FTAs/ EIAs (millions) per capita in World Trade per capita GATT WTO Goods Services $181,948 $37,597 2.11% $175,037 1973 1995 15 13 TRADE PERFORMANCE‡ Singapore HI non- Ranking Decile OECD High inc TRADE POLICY (TP) (out of 125) 1 1 EXTERNAL ENVIRONMENT (EE) (out of 125) 54 5 INSTITUTIONAL ENVIRONMENT (IE) (out of 183) 1 1 TRADE FACILITATION (TF) (out of 155) 2 1 TRADE OUTCOME (TO) (out of 157) 87 6 Outer bound represents best value in latest year ‡ Rankings are based on the representative indicators (in bold) in each group below for the latest year TRADE POLICY (TP) 1995-99^ 2000-04^ 2005-08^ Latest Tariff Trade Restrictiveness Index TTRI (MFN applied tariff) 2.5 0.0 0.0 * TTRI (applied tariff including preferences) .. 0.0 0.0 * MFN applied tariff (spl avg) OTRI (Overall TRI, applied tariff incl. prefs.+NTMs) .. 19.2 19.7 * MFN applied tariff - simple avg (%) 0.0 0.0 0.0 0.0 TTRI (MFN) Dispersion (coefficient of variation) .. 110.3 62.1 62.7 Maximum rate (excl. alcohol and tobacco) .. .. 0.0 0.0 Agriculture - simple avg (%) 0.0 0.1 0.2 0.2 MFN applied tariff (wgt avg) Nonagriculture - simple avg (%) 0.0 0.0 0.0 0.0 MFN applied tariff - trade weighted avg (%) 0.0 0.0 0.0 0.0 Applied tariff (wgt avg) Applied tariff (incl. prefs.) - trade weighted avg (%) 0.0 0.0 0.1 0.0 Agriculture 0.0 0.7 3.4 0.5 Import duties Nonagriculture 0.0 0.0 0.0 0.0 Applied tariff (incl. prefs.) - production weighted avg (%) .. 0.0 0.0 * 0 10 20 30 MFN applied tariff escalation (finished % minus raw %) .. 0.0 0.0 * Singapore HI non-OECD High inc Agriculture .. .. 0.4 0.4 Nonagriculture .. .. 0.0 0.0 Import duties (% of imports) .. 0.1 0.0 .. Tariff overhang (MFN bound minus MFN applied rate,%) 6.9 6.9 151.0 150.9 GATS commit. Bound tariff frequency ratio (% of total lines) .. 70.2 69.7 69.2 index Non-ad valorem tariff frequency ratio (%) 0.1 0.0 0.1 0.1 Non-tariff measures frequency ratio (%) .. 17.6 .. .. 0 40 80 Anti-dumping initiations 0.0 0.0 0.0 0.0 Singapore HI non-OECD High inc Overall GATS commitment index (0-100, best) .. 22.66 22.66 * EXTERNAL ENVIRONMENT (EE) 1995-99^ 2000-04^ 2005-08^ Latest Market Access-TTRI (MA-TTRI, applied tariff incl. prefs.) 2.6 2.1 * MA-TTRI MA-OTRI (applied tariff incl. prefs. and NTMs) 7.5 6.5 * ROW applied tariff (incl. prefs.) - trade weighted avg (%) 3.6 3.0 2.1 2.3 ROW applied(wgt avg) Agriculture 19.6 21.9 18.0 20.1 Nonagriculture 3.3 2.7 1.9 2.0 MFN zero duty exports (%) MFN zero-duty exports (% of total exports) 41.4 57.7 67.5 65.5 * Exports to FTA / CU partners (% of total exports) 52.4 77.8 74.6 67.9 Singapore 0 HI non-OECD High inc 1 Anti-dumping initiations faced 2.0 4.8 2.3 0.0 All numbers normalized to a 0 to 1 scale Real effective exchange rate (% change,+ =apprec.) -0.6 -1.4 2.0 5.7 All data are as of January 2010 and are drawn from the World Trade Indicators 2009/10 Database. The database, Trade-at-a-Glance Tables, Country Trade Briefs and User Guide, are available at http://www.worldbank.org/wti. ^ Indicators shown are period averages. "Latest" indicates 2008, when not available, 2006 or 2007 (noted by *). EAP: East Asia and Pacific, ECA: Europe and Central Asia, LAC: Latin America and the Caribbean, MNA: Middle East and North Africa, SAS: South Asia, SSA: Sub-Saharan Africa. GATT: General Agreement on Tariffs and Trade; WTO: World Trade Organization; FTA: free trade agreement; EIA: economic integration arrangement; NTM: nontariff measures; ROW: rest of the world; CU: customs union; ".." indicates missing value. World Trade Indicators 2009/10 Trade-at-a-Glance Tables INSTITUTIONAL ENVIRONMENT (IE) 2006 2007 2008 2009 Ease of Doing Business (rank out of 183) .. 1 1 1 Ease of Starting a business (rank) .. 9 4 4 Doing 160 Business Enforcing contracts (rank) .. 3 16 13 Rank Closing a business (rank) .. 2 2 2 80 World Governance Indicators (WGI) 2005 2006 2007 2008 Singapore Regulatory Quality (-2.5 to +2.5, best) 1.80 1.76 1.87 1.92 HI non-OECD Rule of Law (-2.5 to +2.5, best) 1.79 1.73 1.74 1.73 High inc 0 Control of Corruption (-2.5 to +2.5, best) 2.17 2.19 2.22 2.34 TRADE FACILITATION (TF) 1995-99^ 2000-04^ 2005-08^ Latest Logistics Performance Index (LPI, 1 to 5 best) .. .. 4.2 4.1 Efficiency of customs and other border procedures .. .. 3.9 4.0 Quality of transport and IT infrastructure .. .. 4.3 4.2 Logistics Performance Ease of arranging competitively-priced shipments .. .. 4.0 3.9 Index Logistics competence .. .. 4.2 4.1 Ability to track and trace shipments .. .. 4.2 4.2 0 2 4 Timeliness of shipments .. .. 4.5 4.2 Singapore HI non-OECD High inc Trading Across Borders (Doing Business, rank out of 183) 1 1 No. of documents required for export .. .. 4 4 200 No. of days required to export .. .. 5 5 160 Cost to export (US$ per container) .. .. 426 456 120 No. of documents required for import .. .. 4 4 80 No. of days required to import .. .. 3 3 40 Cost to import (US$ per container) .. .. 385 439 0 Telephones (fixed + mobile) per 100 people 66.4 126.9 159.2 170.1 Trading Across Borders Rank Internet users per 100 people 13.5 48.1 62.9 67.7 * Singapore HI non-OECD High inc Export credit insured exposures - short term (% of goods export) .. 11.3 13.4 TRADE OUTCOME (TO)# 1995-99^ 2000-04^ 2005-08^ Latest Real growth in trade of goods and services (%) ## 7.5 10.4 8.6 4.9 Real Trade Growth Rate 12 Exports 7.6 10.4 8.1 3.0 10 10.4 9.1 Imports 7.4 10.5 9.1 7.0 8 8.7 7.8 8.6 8.1 7.5 6.6 6.7 Goods 9.3 9.8 7.7 2.7 6 4.9 Services 8.1 14.2 4.4 -0.8 4 3.4 2.7 Nominal growth in trade of goods and services (%) 5.8 10.6 15.0 16.1 2 0 Exports 5.7 10.8 14.4 13.0 1995-99 2000-04 2005-07 2008 Imports 5.9 10.4 15.7 19.6 Singapore HI non-OECD Trade integration (trade as % of GDP) 344.1 387.0 438.3 436.5 High inc Goods balance (% GDP) 12.7 23.3 27.4 18.2 Export Composition (2005-08) Food balance (% GDP) -1.3 -1.6 -1.4 -1.5 Oth com Travel , Services balance (% GDP) 3.4 -3.6 -1.8 -1.4 2.2 ser, 9.9 Agric, 1.6 Goods share of total exports (%) 84.0 82.6 81.4 81.2 Transport , 6.4 Services share of total exports (%) 16.0 17.4 18.6 18.8 Minral, Goods exports as a share of world goods exports (rank)** 13 14 14 14 1.1 Services exports as share of world services exports (rank)** 14 14 14 14 Fuels, Foreign Direct Investment (FDI) inflows (% of GDP) 13.5 15.0 14.6 14.5 * 10.6 Total remittances inflows (% GDP) .. .. .. .. Manufac, 63.9 Export product concentration index (0-100, most) 23.5 25.6 26.1 26.7 Export market concentration index (0-100, most) 30.1 28.0 22.7 18.9 Top 5 export markets (shares) Malaysia (12%), Indonesia (11%), China, People's Rep. of: Hong Kong (10%), China, People's Rep. of (9%), USA (7%) Top 5 import markets (shares) Malaysia (12%), USA (12%), China, People's Rep. of (11%), Japan (8%), Korea (6%) Top 5 export products (SITC 3 digit-shares) 776-Valves (23%), 334-Hvy petrol. (19%), 759-Off. equip parts (7%), 764-Telecom eqpt (4%), 752-Computer eqpt (3%) Top 5 import products (SITC 3 digit-shares) 776-Valves (17%), 334-Hvy petrol. (16%), 333-Petrol, crude (12%), 759-Off. equip parts (5%), 764-Telecom eqpt (4%) ^ Indicators shown are period averages (except for Trading Across Borders rank: 2005-08 reflects 2008). "Latest" indicates 2008 (for Doing Business, LPI 2009), when not available, 2006 or 2007 (noted by *). # Outcome indicators are from the World Bank Development Data Group, Prospects Group, UNCTAD and COMTRADE. ## In constant 2000 US dollars. ** Rank is based on average annual world share for each period. The sample sizes are 173, 179, 180 and 173 countries, respectively.