You asked: What percentage of UK trade is with Singapore?

How much does the UK trade with Singapore?

In 2019, UK exports to Singapore were £10.7 billion, making it the UK’s 16th largest export market (accounting for around 1.6% of all UK exports). UK imports from Singapore were £6.9 billion, making it the UK’s 23rd largest import source (accounting for around 1.0% of all UK imports).

Who is Singapore’s biggest trading partner?

Singapore top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
China 51,619 13.22
Hong Kong, China 44,377 11.37
Malaysia 41,152 10.54
United States 34,401 8.81

Who is the UK’s biggest trading partner?

List of the largest trading partners of United Kingdom

Rank Country Total trade
Total for non-EU 642,726
European Union (Total) 614,980
1 United States 182,583
2 Germany 134,927

What does the UK export to Singapore?

UK and Singapore trade

The top 10 exports from UK to Singapore are: machinery and transport equipment. business services. financial and insurance services.

Does UK trade with Singapore?

Singapore and the UK are both global leaders in the digital economy and 70% of UK services exports, from financial and legal services to music streaming and e-books, were digitally delivered to Singapore in 2019, worth £3.2 billion.

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Does UK have a trade deal with Singapore?

On December 10, 2020, the UK signed a free trade agreement (FTA) with Singapore (UKSFTA) and has been in effect since January 1, 2021. Total trade between the UK and Singapore is worth over US$22 billion; the FTA will be the first such agreement with a member of ASEAN.

Which country does Singapore import from?

In 2019, Singapore major trading partner countries for exports were China, Hong Kong, China, Malaysia, United States and Indonesia and for imports they were China, United States, Malaysia, Other Asia, nes and Japan.

How much does the UK rely on China?

China accounted for 4.4% of UK exports and 6.8% of all UK imports. China was the UK’s sixth largest export market and fourth largest source of imports.

Which country does the UK import from the most?

Leading import markets for trade in goods in the United Kingdom in 2020, by share of imports

Characteristic Share of total goods imported
Germany 13%
China 12.5%
United States 8.5%
Netherlands 8.3%