Who is Singapore's largest trade partner?
Economy of Singapore
Malaysia is Singapore's biggest trading partner, with bilateral trade totalling roughly 91 billion US dollars in 2012, accounting for over a fifth of total trade within ASEAN. Singapore’s trade with major trading partners such as Malaysia, China, Indonesia and South Korea increased in 2012, while trade with EU27, United States, Hong Kong and Japan decreased in 2012. Since 2009, the value of exports exceeds imports for Singapore’s trade with China. In comparison, the value of imports exceeds exports for Singapore’s trade with the US since 2006.[70][71]
Singapore
Globally, Singapore is a leader in several economic sectors, including being 3rd-largest foreign exchange centre, 3rd-leading financial centre, 2nd-largest casino gambling market, 3rd-largest oil-refining and trading centre, world's largest oil-rig producer and major hub for ship repair services, world's top logistics hub.