{"id":2300,"date":"2025-01-24T13:20:58","date_gmt":"2025-01-24T06:20:58","guid":{"rendered":"https:\/\/kctcvn.com\/?p=2300"},"modified":"2025-01-24T13:20:58","modified_gmt":"2025-01-24T06:20:58","slug":"vietnam-singapore-import-export-turnover-in-2024-hits-record","status":"publish","type":"post","link":"https:\/\/kctcvn.com\/?p=2300&lang=en","title":{"rendered":"Vietnam – Singapore import-export turnover in 2024 hits record"},"content":{"rendered":"
According to the Vietnam Trade Office in Singapore, in 2024, the import-export turnover between Vietnam and Singapore reached a record high, surpassing SGD 31.67 billion, recording a growth of 9.49% over the same period in 2023. This significant increase reflects the sustainable and growing economic cooperation between the two countries.<\/div>\n
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Vietnam is currently Singapore’s 11th largest trading partner. According to the Vietnam Trade Office in Singapore, citing statistics from the Singapore Enterprise Authority, in December 2024, Singapore’s total import-export turnover with the world reached nearly SGD 116.28 billion, an increase of 18.98% over the same period in 2023. Of which, exports reached more than SGD 60.14 billion, an increase of 14.61%, and imports reached more than SGD 56.13 billion, an increase of 24.05%.<\/div>\n
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In 2024, Singapore’s import-export turnover with the world will reach more than SGD 1,285.86 billion, up 6.65% compared to 2023. Exports will reach nearly SGD 674.5 billion (up 5.65%) and imports will reach nearly SGD 611.36 billion (up 7.76%). Of which, Vietnam is Singapore’s 11th largest trading partner, with two-way trade turnover reaching more than SGD 31.67 billion, up 9.49%.<\/div>\n

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In December 2024, the total import-export turnover between Vietnam and Singapore reached more than SGD 3.06 billion, an increase of 19.24% over the same period in 2023. Exports from Vietnam to Singapore reached SGD 781.17 million (up 18.98%), while imports reached more than SGD 2.28 billion (up 19.33%).<\/div>\n
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In the whole year of 2024, the two-way import-export turnover between Vietnam and Singapore reached more than SGD 31.67 billion, an increase of 9.49% over 2023. Exports increased by 30.8%, reaching nearly SGD 8.58 billion, while imports reached more than SGD 23.09 billion, an increase of 3.24%.<\/div>\n
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In December 2024, goods originating from Singapore exported to Vietnam reached more than SGD 694.77 million, up 52.9%, while goods from third countries via Singapore exported to Vietnam reached more than SGD 1.59 billion, up 8.9%. Vietnam had a trade surplus of more than SGD 86.4 million if only considering the trade balance between Vietnamese goods and goods originating from Singapore.<\/div>\n
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Overall, 2024 witnessed impressive growth in Vietnam’s exports to Singapore, with 10\/12 months having growth rates of over 15%. Total two-way trade turnover reached SGD 31.67 billion, the largest value ever. If only considering the origin of goods, Vietnam had a trade surplus of about SGD 1.59 billion. Export groups from Vietnam to Singapore such as electronic equipment, machinery, glass, rice, seafood, and animal and vegetable oils all grew strongly.<\/div>\n
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Although the 2024 results are very positive, economists are still cautious when assessing the 2025 outlook, especially the impact of geopolitical competition factors between major economies.<\/div>\n","protected":false},"excerpt":{"rendered":"

According to the Vietnam Trade Office in Singapore, in 2024, the import-export turnover between Vietnam and Singapore reached a record high, surpassing SGD 31.67 billion, recording a growth of 9.49% over the same period in 2023. This significant increase reflects the sustainable and growing economic cooperation between the two countries. Vietnam is currently Singapore’s 11th […]\n","protected":false},"author":6,"featured_media":2298,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[36],"tags":[],"class_list":["post-2300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-specialized-documents"],"yoast_head":"\nVietnam - Singapore import-export turnover in 2024 hits record - KCTC Vi\u1ec7t Nam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kctcvn.com\/?p=2300&lang=en\" \/>\n<meta property=\"og:locale\" content=\"vi_VN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vietnam - Singapore import-export turnover in 2024 hits record\" \/>\n<meta property=\"og:description\" content=\"According to the Vietnam Trade Office in Singapore, in 2024, the import-export turnover between Vietnam and Singapore reached a record high, surpassing SGD 31.67 billion, recording a growth of 9.49% over the same period in 2023. This significant increase reflects the sustainable and growing economic cooperation between the two countries. 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