Singapore Terms of Trade
Net barter terms of trade index (2015 = 100).
Terms of Trade in Singapore decreased to 92.90 points in 2024 from 93.30 points in 2023.
Singapore Terms of Trade — History
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Singapore Terms of Trade — analysis in simple words
Latest reading
Terms of Trade in Singapore decreased to 92.90 points in 2024 from 93.30 points in 2023.
Over the last three years it rose once and fell twice.
Recent trend
A year earlier (2023) it was 93.3, so the latest figure is 0.4 lower.
Over the past five years the average was 93.0, with a range from 91.0 to 94.1. The latest value is below that five-year average.
Historical context
This data series starts in 2005 and has 20 annual observations. The latest reading is higher than 10% of all of them.
The highest value on record is 100.0 (2015) and the lowest is 91.0 (2020). The long-run average is 95.0.
Compared with other countries
Among 205 economies with recent data, Singapore ranks 158th from the top. The median across all these economies is 101.2, so Singapore is below the typical country.
Among 19 major economies tracked on this site it ranks 15th.
Within East Asia & Pacific (36 economies with data) it ranks 27th; the regional median is 101.1.
Statistics
- Latest
- 92.92024
- Previous
- 93.3
- 5-year average
- 93.0
- Long-run average
- 95.0since 2005
- All-time high
- 100.02015
- All-time low
- 91.02020
- Observations
- 20Annual
Recent Data
| Period | Value | Change |
|---|---|---|
| 2024 | 92.9 | ▼ −0.4 |
| 2023 | 93.3 | ▼ −0.8 |
| 2022 | 94.1 | ▲ +0.6 |
| 2021 | 93.5 | ▲ +2.5 |
| 2020 | 91.0 | ▼ −3.5 |
| 2019 | 94.5 | ▼ −0.5 |
| 2018 | 95.0 | ▼ −1.2 |
| 2017 | 96.2 | ▼ −2.2 |
| 2016 | 98.4 | ▼ −1.6 |
| 2015 | 100.0 | ▲ +6.9 |
| 2014 | 93.1 | ▼ −1.0 |
| 2013 | 94.1 | ▲ +1.6 |
| 2012 | 92.5 | ▼ −0.8 |
| 2011 | 93.3 | ▼ −2.5 |
| 2010 | 95.8 | ▼ −0.6 |
| 2009 | 96.4 | ▲ +1.1 |
| 2008 | 95.3 | ▼ −0.5 |
| 2007 | 95.8 | ▼ −0.9 |
| 2006 | 96.7 | ▼ −1.1 |
| 2005 | 97.8 |
Terms of Trade — Singapore vs Peers
Latest available reading for each economy (periods may differ). Singapore highlighted.
More Singapore indicators
Understanding Terms of Trade — a simple guide
What it measures
The ratio of export prices to import prices, indexed to 2015 = 100.
How it is calculated
Export price index ÷ import price index × 100 (2015 = 100).
If export prices rise faster than import prices, the index goes above 100.
An improving index raises national income.
A falling index means imports became relatively more expensive.
Why it matters for the economy and markets
An improving terms of trade raises national income without any change in volumes.
How to read it
Commodity exporters see large swings as commodity prices move.
Data source
World Bank — World Development Indicators (series TT.PRI.MRCH.XD.WD), annual data from 2005 to 2024. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current terms of trade of Singapore?
What is the highest and lowest terms of trade of Singapore?
What does terms of trade measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.