External Trade: Volume of Exports of Goods and Services for Singapore
SGPTXRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.94
Year-over-Year Change
16527.67%
Date Range
1/1/2016 - 1/1/2024
Summary
The 'External Trade: Volume of Exports of Goods and Services for Singapore' series measures the total volume of exports of goods and services from Singapore's economy. This metric is crucial for understanding Singapore's trade dynamics and global economic integration.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the volume, or real quantity, of exports of goods and services from Singapore. It is a key indicator of the country's trade competitiveness and participation in international markets. Economists and policymakers monitor this data to assess Singapore's export performance and overall economic health.
Methodology
The data is collected and calculated by the Singapore Department of Statistics based on national accounts and trade statistics.
Historical Context
This export volume metric is widely used to inform Singapore's trade and economic policies.
Key Facts
- Singapore is one of the world's most trade-dependent economies.
- Exports account for over 100% of Singapore's GDP.
- Singapore's top export destinations are China, Malaysia, and the U.S.
FAQs
Q: What does this economic trend measure?
A: This series measures the total volume, or real quantity, of goods and services exported from Singapore's economy.
Q: Why is this trend relevant for users or analysts?
A: This export volume metric is crucial for understanding Singapore's trade dynamics, global competitiveness, and overall economic health.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Singapore Department of Statistics based on national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: This export volume metric is widely used to inform Singapore's trade and economic policies, given the country's high dependence on international trade.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication schedule and revision processes of the Singapore Department of Statistics.
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Citation
U.S. Federal Reserve, External Trade: Volume of Exports of Goods and Services for Singapore (SGPTXRPCPPPT), retrieved from FRED.