Chart of the Day: Singapore's merchandise exports dipped 4.2% YoY to $532.51b in 2019

Majority of the export trading volume went to China.

This chart from CBRE shows that total merchandise exports declined 4.2% to $532.51b in 2019, with China accounting for the majority of the country’s exports at 13.2%.

Despite China’s position as Singapore’s top trading partner, the country’s exposure to other major trading partners is well-diversified.

Hong Kong, Malaysia and European Union combined, accounted for 30.8% of total merchandise exports, which collectively outweigh the export volume to China.

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