The United States and Singapore have a close and cooperative trade relationship, which is underpinned by the United States-Singapore Free Trade Agreement (FTA) that entered in force on January 1, 2004. The agreement has functioned generally smoothly, with trade and investment growing significantly in both directions. The latest information regarding significant trade barriers can be found in the 2024 National Trade Estimate Report, see here.
Singapore Trade Summary
U.S. goods and services (exports plus imports) trade with Singapore totaled an estimated $146.2 billion in 2025, up less than 1 percent ($26.1 million) from 2024.
U.S. goods trade (exports plus imports) with Singapore totaled an estimated $79.9 billion in 2025. U.S. goods exports to Singapore in 2025 were $41.6 billion, down 7.6 percent ($3.4 billion) from 2024. U.S. goods imports from Singapore totaled $38.2 billion in 2025, down 11.6 percent ($5.0 billion) from 2024. The U.S. goods trade surplus with Singapore was $3.4 billion in 2025, a 91.1 percent increase ($1.6 billion) over 2024.
U.S. services trade (exports plus imports) with Singapore totaled an estimated $66.4 billion in 2025. U.S. services exports to Singapore in 2025 were $47.9 billion, up 14.8 percent ($6.2 billion) over 2024. U.S. services imports from Singapore in 2025 were $18.4 billion, up 14.1 percent ($2.3 billion) from 2024. The U.S. services trade surplus with Singapore was $29.5 billion in 2025, a 15.3 percent increase ($3.9 billion) over 2024.
