Singapore: Merchandise exports to high-income economies (% of total merchandise exports)
In , Singapore's Merchandise exports to high-income economies (% of total merchandise exports) was 49.79.
That's down 1.4% from 2022, the highest value since .
The global average for this indicator in 2023 was 60.91 . Singapore ranks #140 globally out of 205 reporting countries. Within East Asia & Pacific, it ranks #23 of 36.
Source: World Bank Open Data (TX.VAL.MRCH.HI.ZS) • Data as of 2023
Trend (2004–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 55.03
- Trough
- 48.33
- 1-year change
- -1.4%
- 5-year change
- -0.8%
- -0.2% / yr
- 10-year change
- +1.8%
- +0.2% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to high-income economies (% of total merchandise exports) |
|---|---|
| 49.7851 | |
| 50.5040 | |
| 51.2269 | |
| 53.6968 | |
| 50.4236 | |
| 50.2096 | |
| 49.9216 | |
| 51.2958 | |
| 48.8536 | |
| 48.3271 |
About Merchandise exports to high-income economies (% of total merchandise exports)
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
Indicator code: TX.VAL.MRCH.HI.ZS • Category: Trade & Finance
Frequently asked questions
- What was Singapore's Merchandise exports to high-income economies (% of total merchandise exports) in 2023?
- In 2023, Singapore's Merchandise exports to high-income economies (% of total merchandise exports) was 49.79, according to World Bank Open Data.
- Is Singapore's Merchandise exports to high-income economies (% of total merchandise exports) rising or falling?
- Singapore's Merchandise exports to high-income economies (% of total merchandise exports) fell 1.4% from 2022 to 2023.
- How does Singapore rank globally on Merchandise exports to high-income economies (% of total merchandise exports)?
- In 2023, Singapore ranked #140 out of 205 countries reporting Merchandise exports to high-income economies (% of total merchandise exports).
- How does Singapore's Merchandise exports to high-income economies (% of total merchandise exports) compare to the world average?
- The global average for Merchandise exports to high-income economies (% of total merchandise exports) in 2023 was 60.91, so Singapore is below the world average. Within East Asia & Pacific, it ranks #23 of 36.
- What is Merchandise exports to high-income economies (% of total merchandise exports) and how is it measured?
- Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
Source: World Bank Open Data (TX.VAL.MRCH.HI.ZS), CC BY 4.0.