Singapore At A Glance

Last Update: May 2013

Total land area: 716 square kilometers

Strategic Location: 1/3 of shipped trade; ½ of oil trade

Population: 5.31 million (Chinese, Indian, Malay)

Languages: English, Mandarin, Malay, Tamil

2012 GDP: US$276.5 billion

(US$52,051 per capita)

Singapore at a Glance

As of May 2012

Has the highest concentration of millionaires in the world (as of May 2011)

Trade through 2012:

Bilateral trade with US: US$50.8 billion

U.S. trade surplus US$10.3 billion

Declining growth owing to global demand slowdown

5.2% growth in 2011; 1.3% in 2012

Overall unemployment in 2012: 2.0%

Residential unemployment in 2012: 2.8%

How to stay competitive, cope with demographic transitions, encourage entrepreneurship, create a “buzz”?

Singapore’s Economy Successful, but facing structural challenges

Total Unemployment Growth

-5

0

5

10

15

20

Singapore’s Recipe for Success?

Large investment in human capital, resources

Strong, reliable, effective institutions

Little corruption

Electric, heterodox approach to economic policymaking based on what’s effective

Planning, thinking strategically to “stay relevant” (and ahead of rivals)

Successfully navigating global economic environment since independence (no competition from China or India)

Size (small has proven beautiful, for Singapore)

Well regulated financial market

Source: Ministry of Trade and Industry, Singapore

Wholesale & Retail Trade ,

17.0% Transport &

Storage,

7.7%

Finance & Insurance, 11.9%

Business Services, 14.6%

Accomodation & Food

Services, 2.5%

Information & Communications,

3.8%

Other Services

Industries, 11.0%

Construction, 4.4%

Others, 6.4% Electronics, 5.2%

Biomedical Manufacturing,

5.3%

Transport Engineering, 3.2%

Precision Engineering, 3.0%

Chemicals, 1.6%

General Manufacturing Industries, 2.3%

Manufacturing, 20.7%

Economic Structure of Singapore 2012

Why Singapore?

Top Things You Should Know

1. The Language is English

2. It’s Where the Markets are

3. U.S. Style of Doing Business

4. Soft Landing

5. Strong IP Protection

6. It’s not China – Regional Focus

7. Singapore, Inc.

8. Springboard to ASEAN, China and India

Singapore serves as a Springboard to ASEAN, China and India

Source: ADB, IMF

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GD

P G

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in %

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GDP Per Capita (in USD) (Nominal)

2012 ECONOMIC INDICATORS

Thailand Indonesia

India

Philippines Myanmar

China

Malaysia

Singapore Market - What’s Hot

Medical Devices & Cosmeceuticals

Specialty Chemicals

Education/Training Services

Environmental Equipment/Technologies

Safety and Security Equipment

Logistics Services

Construction

Information & Telecommunications Technologies

Aerospace

Financial Services

Singapore: Small Country, Global Hub

Logistics – 2nd busiest container port

Aviation – airlines, maintenance

Oil Refining – world’s 3rd largest

Financial – forex, funds

Education – global universities: NUS, NTU, SMU

Medical, Bioscience – health care, research

Chips – wafer fabrication

Pharmaceuticals – manufacturing and R&D

MNC – 7,000 MNCs, 2,000 U.S. -- expat magnet

Global Leadership in Manufacturing Asia #1

Oil Field Equipment Manufacturing & Services

Most Comprehensive & Largest Aviation MRO Hub in Asia

Asia #1 World #3

Global Oil Refining Centre

Global Leader

Global Leader Global Leader

Global Leader

Global Leader

Global Leader

Offshore Oil-rigs 70% World Market Share

Floating Production, Storage and Offloading (FPSO) Conversion 70% World Market Share

Hard Disk Media 50% World Market Share

Hearing Aids 30% World Market Share

Semicon Wafer Foundry 10% World Market Share

Ship Repairs 20% World Market Share

U.S. Foreign Direct Investment in Singapore (Historical-Cost Basis)

Total U.S. FDI in Singapore was US$116.62 in 2011.

2nd largest recipient of U.S. investment in Asia-Pacific, after Australia,

ahead of China and Japan.

10th largest recipient worldwide

Source: USDOC

2011 (US$ Billion)

Australia 136.25

Singapore 116.62

Japan 116.53

China 54.23

U.S. Trade With Singapore and ASEAN

• ASEAN is home to about 600 million people, and a US$2 trillion economy (nominal).

• U.S. exports to ASEAN in 2012 (US$75.5 billion); China (US$110.6 billion)

• Approx. 50% exports to Singapore are re-exported to the region

• Singapore: largest ASEAN market for U.S. exports, accounting for 40.5% of U.S. exports to ASEAN in 2012

Major destination for U.S. exports

ASEAN Export Rankings

0.03

0.07

0.2

0.2

4.6

8.0

8.1

11.0

12.9

30.6

0.03

0.05

0.2

0.2

4.3

7.4

7.7

10.9

14.2

31.4

0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00

Laos

Burma

Brunei

Cambodia

Vietnam

Indonesia

Philippines

Thailand

Malaysia

Singapore

2011 Exports 2012 Exports

Source: US DOC

In U

S$ B

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ns

In U

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Dolla

rs

Source: USDOC

Key U.S. Exports to Singapore

Top Exports – Machinery & Parts

5.85

5.11

4.41

3.84

5.51

4.65 4.41

3.95

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7

Machinery & Parts Electric Machinery Mineral Fuel/Oil Aircraft & Parts

2011 2012

U.S. Embassy 27 Napier Road

Singapore 258508 Tel: 65/ 6476-9037 Fax: 65/ 6476-9080

www.singapore.usembassy.gov