| |
| Republic
of Singapore |
| Foreign
Trade |
Trade
with the World
Value in US$ million |
| |
1994 |
1995 |
1996 |
| Total Export Values |
96,911 |
118,187 |
125,118 |
| Total Import Values |
102,642 |
154,394 |
131,506 |
| Balance of Trade |
-5,731 |
-6,207 |
-6,388 |
| |
Major Imports
CIF (1994, 1995, 1996)
Value in US$ million |
| |
1994 |
1995 |
1996 |
| Machinery
and transport equipment |
96,911 |
118,187 |
125,118 |
| - Non electric machinery |
102,642 |
124,394 |
131,506 |
| -
Electrical machinery and apparatus |
-
5,731 |
-
6,207 |
-
6,388 |
| Basic
manufacturers |
|
|
|
| Miscellaneous |
15,427 |
17,390 |
19,347 |
| Manufactured
articles |
|
|
|
| Mineral
fuels, lubricants |
13,787 |
14,204 |
17,313 |
| Petroleum & petroleum
products |
13,778 |
14,196 |
17,304 |
| Chemicals |
10,113 |
11,385 |
10,940 |
| Food & live animals |
5,217 |
5,153 |
5,160 |
| Total |
156,395 |
176,314 |
185,183 |
| |
| Singapore continues to experience rising import
levels for machinery, particularly in the industrial machinery
and computer fields. |
| Major Suppliers (1996) -
Percentages |
| ASIA |
|
| Japan |
18.2% |
| Taiwan |
4.0% |
| Saudi Arabia |
3.8% |
| South Korea |
3.4% |
| China |
3.4% |
| Hong Kong |
3.2% |
| ASIAN |
|
| Malaysia |
15.0% |
| Thailand |
5.5% |
|
|
| EU |
|
| Germany |
3.7% |
| UK |
2.7% |
| NAFTA |
|
| USA |
16.3% |
|
| |
Major
exports FOB (1994, 1995, 1996)
Value S$ mn |
| |
1994 |
1995 |
1996 |
| Machinery and transport |
94,198 |
110,007 |
116,262 |
| - Non electric machinery |
45,095 |
52,424 |
58,313 |
| - Electrical machinery
and apparatus |
45,949 |
54,427 |
54,422 |
| Transport equipment |
3,153 |
3,156 |
3,528 |
| Mineral fuels,
lubricants |
14,074 |
13,858 |
16,728 |
| Petroleum & petroleum products |
11,411 |
11,250 |
13,575 |
| Basic manufacturers |
8,855 |
10,614 |
10,072 |
| Miscellaneous |
11,185 |
12,552 |
13,103 |
| Manufactured articles |
|
|
|
| Chemicals |
8,418 |
9,999 |
9,885 |
| Food & live
animals |
3,524 |
3,554 |
3,192 |
| Beverages & Tobacco |
2,447 |
2,274 |
2,631 |
| Total |
147,327 |
167,515 |
176,272 |
| |
| Local exports accounted
for 60% of total exports with the remaining 40% falling under
the category of exports. Petroleum products enjoyed positive
export growth, higher prices in sharp contrast to the slump
in non-petroleum related export sectors. Computers and related
sectors however faced relatively well. |
| Major
Markets (1996) - Percentages |
| NAFTA |
USA |
18.4% |
| ASEAN |
Malaysia |
18.0% |
| ASIA |
Hong Kong |
8.9% |
| |
Japan |
8.2% |
| |
Taiwan |
3.9% |
| |
South Korea |
3.0% |
In 1996 Singapore's exports and imports both saw growth rates slide
into one-digit growth figures for the first time since 1992.
| |
1996 |
1997 |
1998 |
1999
(Jan-Mar) |
| Total
Exports |
2262.3 |
3298.7 |
2595.3 |
406.34 |
| Total Imports |
12957.3 |
16873.2 |
20080.9 |
|
| Balance
of Trade |
-10694.9 |
-13574.4 |
-17485.6 |
|
| |
| Major
Exports from Sri Lanka (1999) |
| |
Volume |
Volume (Rs. mn) |
| Petroleum products |
73,500,000 |
596.59 |
| Electronics products |
155,233 |
373,47 |
| Ceramic and porcelain
products |
774,439 |
224,34 |
| Diamonds |
5,353 |
191.64 |
| Fisheries products
other than preserved fish, frozen fish, aquarium fish and prawns. |
121,959 |
110.99 |
| Prawns |
136,440 |
102.72 |
| Tea (in bulk) |
630,234 |
97.64 |
| Paper & paper products other
than stationery, paper pulp, books and printed material |
94,145 |
78.64 |
| Jewellery |
27 |
77.28 |
Major Imports into Sri Lanka (1998)
Mineral fuels, boilers, machinery and parts, plastics and articles
thereof, animal and vegetable fats and oils, fertilizers, miscellaneous
manufactured articles, woven fabrics, electrical machinery and equipment
parts, natural and cultured pearls, iron and steel, ships, boats and
floating structures, essential oils and wheat flour.
Sri Lanka's market share in 1998 was 0.85%.
Potential Export products from Sri Lanka
Oil seeds, sesame seeds, sunflower seeds, soya bean, essential oils,
cut flowers and foliage plants, non metallic mineral products other
than ceramic/porcelain, paper and paper products, clay materials,
roofing tiles, bricks and wall tiles.
Past market development activities by Sri Lanka:
| |
| 1. |
Study in Singapore on the Singapore
market for spices, coffee and cocoa by JNS Dias, Assistant Director
EDB, 1988. |
 |
| 2. |
Visit of Sri Lanka industrialists
to International Merchandise Mart (IMM) Singapore in October
1991. |
|
| 3. |
Trade & Investment promotion
delegation from Singapore, to attend UNIDO Investment Forum
in November 1991 and meetings with Sri Lankan businessmen. |
|
| 4. |
Establishment of Sri Lanka Business
Association in Singapore, April 1992. |
|
| 5. |
Sri Lanka Business week in Singapore
June 1992, the most important market development activity in
this market to date. |
|
| 6. |
Delegation of Singapore businessmen/buyers
to Expo '92 held in Colombo in November 1992. |
|
| 7. |
Seminar on 'Business Opportunities
in Sri Lanka' March 1993 at the Export Institute of Singapore
(EIS), organized by the Singapore Trade Development Board in
collaboration with the Singapore Manufacturers' Association
and the Sri Lanka High Commission, Singapore. |
|
| 8. |
Trade/Investment Mission to Sri Lanka
in July 1993. |
|
| 9. |
Investment delegation to Singapore
headed by Director General, BOI, August 1993. |
|
| 10. |
BOI delegation headed by the Minister
of Lands, February 1994. |
|
| 11. |
Investment Mission from Sri Lanka
to Singapore, April 1994, organized by the BOI in collaboration
with the Representative of the Singapore Trade Development Board
in Colombo. |
|
| 12. |
Seminar on Investment Opportunities
in Sri Lanka, May 1994. |
|
| 13. |
Delegation from the Singapore Manufacturers'
Association, 1994. |
|
| 14. |
Delegation of Singapore businessmen/buyers
to Expo'94 held in Colombo, November 1994. |
|
| 15. |
Trade & Investment Mission from
the Singapore Trade Development Board, May 1999. |
|
| 16. |
Participation in the Asian International
Gift Fair in Singapore, 1990 to 1996 and in 1999. |
|
| 17. |
Participation in Baucon Asia - building
materials & construction equipment Fair '95 in Singapore. |
|
| 18. |
Market surveys on:
 Singapore
Market for precious stones and jewellery.
Singapore
Market for glazed ceramic tiles.
Singapore
market for sesame seeds & essential oils. |
| |
|
| |
By the Sri Lanka High Commission, Singapore. |
|
