Uploaded on 2016-07-18 by Balazs Kovacs
Singapore imports accounted last year 32949.46 Million SGD with a trade balance of +5194.70 Million SGD. Of this import with 43% share, is machinery and equipment crude oil (32%), miscellaneous manufactures (7%) and chemical products (7%). Main import partners are: China (11%), Malaysia (11%), the United States (9%), South Korea (8%), Japan (6%) and Indonesia (5%). (sources: http://www.tradingeconomics.com/singapore/imports; http://www.tradingeconomics.com/singapore/imports-of-iron-steel) While exact statistics are not available for chemical and steel products used in construction, the most likely trading partner for these products are China, South Korea and Malaysia with high steel and cement manufacturing industries. Iron ore for the Asian steel markets are usually imported from Australia to China and South Korea and the main manufacturer of cement is also China with 6 of the top 10 cement manufacturing companies dominating the global production. (source: http://www.globalcement.com/magazine/articles/741-top-20-global-cement-companies)