Russian oil may end up stored in tankers off nations such as Singapore and Malaysia awaiting buyers as consumers assess the repercussions of taking the nation's crude, according to an analyst. 2022 Data 2023 Forecast 1992-2021 Historical. It is true. facts. Comparison In 2020, Singapore ranked 6 in the Economic Complexity Index (ECI 1.84), and 19 in total exports ($281B). Singapore Exports to Russia - 2022 Data 2023 Forecast 1992-2021 Historical Singapore Exports to Russia Singapore Exports to Russia was US$488 Million during 2021, according to the United Nations COMTRADE database on international trade. The ideal entry-level account for individual users. These goods comprise all items on the Military Goods List and specified categories in the Dual-Use Goods List in the SGCO. Dollars). Please do not hesitate to contact me. Singapore Exports of headgear and to Russia - data, historical chart and statistics - was last updated on November of 2022. The Trading Economics Application Programming Interface (API) provides direct access to our data. The main products that Singapore exported to Russia are Cocoa Butter ($38.9M), Low-voltage Protection Equipment ($37.5M), and Navigation Equipment ($37.4M). Profit from the additional features of your individual account. services to Singapore worth In addition to United Nations Security Council (UNSC) sanctions, certain countries also impose unilateral sanctions. We have a plan for your needs. In 2020, Singapore did not export any services to Russia. from $893M in 1995 to $589M in 2020. You need a Statista Account for unlimited access. During the meeting, both countries also discussed cooperation in areas such as low-carbon solutions, including hydrogen and carbon . Please create an employee account to be able to mark statistics as favorites. During the last 25 years the exports of Singapore to Russia have decreased at an annualized rate of 1.65%, from $893M in 1995 to $589M in 2020. Due to ongoing developments, the Singapore Government may announce further measures and clarifications in in the coming days. In 2020, Russia exported $1.32B to Singapore. Are you interested in testing our corporate solutions? While Singapore does not enforce the laws of other countries, parties in Singapore may be affected by unilateral sanctions imposed by other countries as they may have extraterritorial implications. Singapore Exports of headgear and to Russia - data, historical chart and statistics - was last updated on February of 2022. Singapore's exports. Access to this and all other statistics on 80,000 topics from, Show sources information Russia-Singapore In 2020, Russia exported $1.32B to Singapore. Impact on Companies in Singapore Local Companies According to UN Comtrade data, Singapore's exports to Russia stood at USD 548 million in 2020 (or 0.15 percent of its total exports) and. Singapore intends to impose export controls on items that can be used directly as weapons in Ukraine to inflict harm, and it will also block certain Russian "Value of exports to Russia from Singapore in 2020, by commodity (in million U.S. Exports had grown 11.4% in August. These goods comprise all items in the list of military goods and specified categories in the list of dual-use goods under the Strategic Goods (Control) Order 2021 (SGCO). During the last 25 years the exports of Russia to Singapore have increased at an annualized rate of 6.27%, from $289M in 1995 to $1.32B in 2020. Singapore will impose "appropriate sanctions and restrictions" on Russia, its foreign minister said on Monday, including banking and financial measures and export controls on items that could . Singapores Strategic Goods Control regime regulates the transfer (export, transit, and transshipment) of strategic goods which are generally military weapons or their parts as well as high technology goods which could be used for both commercial and military purposes. Digital payment token service providers are specifically prohibited from facilitating transactions that could help to circumvent these financial measures. Register in seconds and access exclusive features. A paid subscription is required for full access. All financial institutions in Singapore, including banks, finance companies, insurers, capital markets intermediaries, securities exchanges, and payment service providers in Singapore, will be prohibited from the following: (a) Entering into transactions or establishing business relationships with the following 4 Russian banks: Where there are existing business relationships, financial institutions must freeze any assets and funds of these four banks. In 2019, Singapore exported US$624 million of goods to Russia. dollars)." During the last 25 years the exports of Singapore to Australia have increased at an annualized rate of 4.58%, from $2.04B in 1995 to $6.26B in 2020. Singapore Exports of headgear and to Russia, 2022 Data 2023 Forecast 1992-2021 Historical. During the last 25 years the exports of Russia to Singapore have increased at an annualized rate of 6.27%, from $289M in 1995 to $1.32B in 2020. LONDON/SINGAPORE (Reuters) -Grain was flowing out of Ukraine at a record pace on Monday under an initiative led by the United Nations aimed at easing global food shortages despite Russia warning it was risky to continue after it pulled out of the pact. Emergency Tel (after hours): +7-906-009-0069 Fax: +7-499-241-7895 Email: singemb_mow@mfa.sg Address: Pereulok Kamennaya Sloboda 5 121099 Moscow Russian Federation URL: https://www.mfa.gov.sg/moscow Office Hours: Mon - Fri 9.00 am to 1.00 pm 2.00 pm to 5.30 pm Sat & Sun - Closed Local Emergency Contacts Emergency Number: 112 MFA HQ Contact Details In one "a 20-year old Aframax loaded with Russian crude was briefly adrift . Economists had expected 7.1% growth in a Reuters poll. Video unavailable. SINGAPORE, Feb 28 (Reuters) - Singapore will impose "appropriate sanctions and restrictions" on Russia, its foreign minister said on Monday, including banking and financial measures and. Advanced users can use our Python/R/Matlab packages. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook Singapore Exports of zinc to Russia was US$65.21 Thousand during 2018, according to the United Nations COMTRADE database on international trade. If you are an admin, please authenticate by logging in again. White label accounts can distribute our data. Where there are existing business relationships, financial institutions must freeze any assets and funds of these designated entities. During the last five reported years the exports of Russia have changed by -$3.49B from $334B in 2015 to $330B in 2020. "Value of Exports to Russia from Singapore in 2020, by Commodity (in Million U.S. (c) Providing financial services in relation to designated Russian non-bank entities which are involved in activities in (b). The main products exported from Singapore to Russia were Cocoa Butter ($38.9M), Low-voltage Protection Equipment ($37.5M), and Navigation Equipment ($37.4M). Impact on Companies in Singapore Local Companies According to UN Comtrade data, Singapore's exports to Russia stood at USD 548 million in 2020 (or 0.15 percent of its total exports) and imports from Russia stood at USD 1.4 billion in 2020 (or 0.42 percent of its total imports). Singapore Exports to Russia was US$488 Million during 2021, according to the United Nations COMTRADE database on international trade. Optical, photo, technical, medical apparatus, Commodities not specified according to kind, Mineral fuels, oils, distillation products, Animal, vegetable fats and oils, cleavage products, Ships, boats, and other floating structures, Paper and paperboard, articles of pulp, paper and board, Articles of apparel, not knit or crocheted, Soaps, lubricants, waxes, candles, modelling pastes, Essential oils, perfumes, cosmetics, toileteries, Cereal, flour, starch, milk preparations and products, Fish, crustaceans, molluscs, aquatics invertebrates, Inorganic chemicals, precious metal compound, isotope, Edible fruits, nuts, peel of citrus fruit, melons, Albuminoids, modified starches, glues, enzymes, Furniture, lighting signs, prefabricated buildings, Stone, plaster, cement, asbestos, mica or similar materials, Tanning, dyeing extracts, tannins, derivatives, pigments, Railway, tramway locomotives, rolling stock, equipment, Articles of leather, animal gut, harness, travel good, Live trees, plants, bulbs, roots, cut flowers, Wadding, felt, nonwovens, yarns, twine, cordage. Accessed November 08, 2022. https://www.statista.com/statistics/1294749/singapore-exports-to-russia-by-commodity/, Trading Economics. This mean that the more blue a dot/product is, the more Singapore has comparative advantage over Russia. In 2020, Singapore did not export any services to Russia. Singapore Exports of zinc to Russia - data, historical chart and statistics - was last updated on October of 2022. Read more at The Business Times. The annual rise in exports benefited from a low base and a surge in . Singapore unveiled its sanctions against Russia on 5 March 2022. In 2020, Singapore exported $589M to Russia. In 2018, Russia exported services to Singapore worth $484M, with Transportation ($249M), Other business services ($90.3M), and Computer and information services ($86.5M) being the largest in terms of value. The Monetary Authority of Singapore will issue directions to all financial institutions shortly, setting out the details of the above measures (a)-(f). As mentioned above, Singapore is one of the largest exporters in the world and its main trading partners are China, Malaysia, Indonesia, Hong Kong, and Australia. Advanced users can use our Python/R/Matlab packages. Singapore's trade with Russia. In 2020, Singapore exported $589M to Russia. The main products exported from Singapore to Russia were Cocoa Butter ($38.9M), Low-voltage Protection Equipment ($37.5M), and Navigation Equipment ($37.4M). The main products that Russia exported to Singapore were Refined Petroleum ($1.09B), Crude Petroleum ($68.3M), and Raw Nickel ($37.9M). from $289M in 1995 to $1.32B in 2020. Trade in services with Singapore (exports and imports) totaled an estimated . Learn more about how Statista can support your business. API users can feed a custom application. (f) Entering into or facilitating any transactions involving cryptocurrencies, to circumvent any of the above prohibitions in (a) to (e). ln its latest act of defiance, Ukraine announced it set a new daily record for grain shipments two days after Russia announced it was . During the last 25 years the exports of Russia to Singapore have increased at an annualized rate of 6.27%, Earlier this week, Foreign Affairs Minister Vivian Balakrishnan said Singapore . Corporate solution including all features. In 2018, Russia exported Singapore Exports to Russia - data, historical chart and statistics - was last updated on October of 2022. Foreign Minister Vivian Balakrishnan said Singapore plans to impose export controls on items that can be used as weapons in Ukraine "to inflict harm or to subjugate the Ukrainians." Singapore. SINGAPORE Russia 's weekend backtrack from a U.N.-brokered deal to export Black Sea grains is likely to hit shipments to import-dependent countries, deepening a global food crisis and . Trading Economics. These prohibitions apply to the buying and selling new securities, providing financial services that facilitate new fund raising by, and making or participate in the making of any new loan to the above entities. (March 1, 2022). Although global agricultural commodity prices have come. SINGAPORE (Reuters) - Singapore's September non-oil domestic exports (NODX) grew 3.1% year-on-year, official data showed on Monday, slower than the previous month and missing forecasts due to declines in shipments for the Chinese and Hong Kong markets. As a Premium user you get access to the detailed source references and background information about this statistic. In, Trading Economics. (SCREENSHOT: Ministry of Communications and Information/YouTube ) SINGAPORE Singapore will impose export controls on items that can be used directly as weapons in Ukraine, as well as. Statista. These focus on the control of exports of military and technological goods to Russia and financial measures against Russian banks, entities and activities. Singapore implements export control measures and financial measures in relation to Russia Knowledge Highlights 23 March 2022 The Singapore government has brought into force export control measures and financial measures against Russia following its invasion of Ukraine. Their efforts extend. In month-on-month terms, NODX exports increased 12.8% in March, contrasting the 4.7% drop in February. Industry-specific and extensively researched technical data (partially from exclusive partnerships). In 2020, electrical and electronic equipment accounted for the largest share of exports from Singapore to Russia, valued at 245.98 million U.S. dollars. During recent years Russian exports to Singapore have increased at an annualized rate of 9.47%. March 1, 2022. SINGAPORES EXPORT CONTROLS MEASURES ON RUSSIA. Use Ask Statista Research Service, The 20 countries with the highest trade surplus in 2020, Largest services trading partners Singapore 2020, by value. Chart. The main products that Russia exported to Singapore were Refined Petroleum ($1.09B), Crude Petroleum ($68.3M), and Raw Nickel ($37.9M). According to the Ministry of Trade and Industry, in 2021, Singapores trade in goods with Russia was S$5 billion and its top exports to Russia were electronics and apparatus. By Naveen Thukral. Based on the public statistics available, Singapore's imports from Russia was approximately US$1.38 billion during 2020 and its exports to Russia was an estimated US$547.58 million during 2020 (UN Comtrade data and statistics). In January-June 2021, the volume of Russian exports of agricultural products to Singapore compared to the same period last year decreased by 49.8% in value terms, or by $1.5 mln. Get full access to all features within our Corporate Solutions. Singapore Exports to Russia - data, historical chart and statistics - was last updated on November of 2022. The fastest growing export markets for Semiconductor Devices of Russia between 2019 and 2020 were Kazakhstan ($35M), India ($2.38M), and United Kingdom ($1.79M). Digital payment token service providers will be specifically prohibited from facilitating transactions that could aid the circumvention of the financial measures. Singapore is among the few Asian countries to announce sanctions against Russia following its invasion of Ukraine [File: Wong Maye-E/Pool] 28 Feb 2022 South Korea and Singapore have unveiled. $484M, with Transportation ($249M), Other business services ($90.3M), and Computer and information services ($86.5M) being the largest in terms of value. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal. and over 1Mio. Singapore Imports from Russia - 2022 Data 2023 Forecast 1992-2021 Historical Singapore Imports from Russia Singapore Imports from Russia was US$3.26 Billion during 2021, according to the United Nations COMTRADE database on international trade. You need at least a Starter Account to use this feature. In 2019, Russia exported US$2.55 billion to Singapore. Russia-Singapore In 2020, Russia exported $1.32B to Singapore. In 2020, Russia exported $1.32B to Singapore. This statistic is not included in your account. any entity owned or controlled by them or acting on their direction or behalf. Reuters Singapore exports to Russia products such as navigation systems and integrated circuits which have potential military applications, said an expert. Headgear not specified elsewhere, whether or not lined or trimmed, Hats and Headgear, Knitted or Crocheted, of Felt or Other Textile Fabric, Headbands, Linings, Covers, Hat Foundations, Hat Frames, for Headgear, Hat Shapes, Plaited or Made By Assembling Strips of Any Materials, Hats and Other Headgear, Plaited of Any Materials, Domestic Exports of Non Oil (nodx) (%yoy). Standard users can export data in a easy to use web interface or using an excel add-in. The Corporation Bank for Development and Foreign Economic Affairs Vnesheconombank; Promsvyazbank Public Joint Stock Company; and, the Central Bank of the Russian Federation; or. 10Y 25Y 50Y MAX Chart Compare Export API Embed The main products exported from Russia to Singapore were Refined Petroleum ($1.09B), Crude Petroleum ($68.3M), and Raw Nickel ($37.9M). Other made textile articles, sets, worn clothing, Impregnated, coated or laminated textile fabric, Musical instruments, parts and accessories, Explosives, pyrotechnics, matches, pyrophorics, Works of art, collectors' pieces and antiques, Dairy products, eggs, honey, edible products, Carpets and other textile floor coverings, Umbrellas, walking-sticks, seat-sticks, whips, Salt, sulphur, earth, stone, plaster, lime and cement, Tobacco and manufactures tobacco substitutes, Edible vegetables and certain roots and tubers, Milling products, malt, starches, inlin, wheat gluten, Raw hides and skins (other than furskins) and leather, Special woven or tufted fabric, lace, tapestry, Furskins and artificial fur, manufactures, Manufacturers of plaiting material, basketwork, Oil seed, oleagic fruits, grain, seed, fruits, Vegetable plaiting materials, vegetable products, Bird skin, feathers, artificial flowers, human hair, Residues, wastes of food industry, animal fodder, Domestic Exports of Non Oil (nodx) (%yoy). Those ships are older, less well maintained and managed and pose a safety threat. Please refer to the SGCO for the descriptions of the items in the affected category codes. On 5 March 2022, the Singapore Government provided details of the appropriate sanctions and restrictions it had announced it will impose on Russia (see our previous blog). Unilateral Sanctioned Lists. The prohibited cryptocurrency transactions cover all transactions that involve cryptocurrencies and extend to the payment and settlement of transactions that relate to digital assets (such as non-fungible tokens). To use individual functions (e.g., mark statistics as favourites, set SINGAPORE (Reuters) -- Singapore will impose "appropriate sanctions and restrictions" on Russia, its foreign minister said on Monday, including banking and financial measures and export controls . Last year, Singapore's trade in goods with Russia was $5 billion, said the Ministry of Trade and Industry. Base metals not specified elsewhere, cermets. Its top exports to Russia are in electronics and apparatus. More than 9.5 million tonnes of corn, wheat, sunflower products, barley, rapeseed and soy have been exported from the Black Sea since July. During the last 25 years the exports of Russia to Singapore have increased at an . This chart compares trade between Singapore and Russia by product, considering products traded by both, Singapore and Russia. Consultancy Sovecon on Monday estimated that Russia would export 4.5 million tonnes of . White label accounts can distribute our data. Items subject to strategic goods control are listed in the SGCO. The Singapore Government will impose financial measures targeted at designated Russian banks, entities and activities in Russia, and fund-raising activities benefiting the Russian government. The Singapore Government will impose export controls on items that can be directly used as weapons to inflict harm on or to subjugate the Ukrainians, as well as items that can contribute to offensive cyber operations. Published Oct 31, 2022 5:44 PM by The Maritime Executive. As soon as this statistic is updated, you will immediately be notified via e-mail. Poten cites two recent incidents that highlight the potential risks. Total Starbucks locations globally 2003-2021, U.S. beer market: leading domestic beer brands 2017, based on sales, Revenue and financial key figures of Coca-Cola 2009-2021, Research expert covering Singapore, Indonesia and Malaysia, Profit from additional features with an Employee Account. As a percentage, 14% of Singapore 's exports go to China, Malaysia, and Indonesia import 12% each from companies in Singapore, as for Hong Kong and Australia . (b) Providing financing or financial services in relation to the export from Singapore or any other jurisdiction of goods subject to Singapores export controls on Russia. SINGAPORE, Oct 31 (Reuters) - Russia's weekend backtrack from a U.N.-brokered deal to export Black Sea grains is likely to hit shipments to import-dependent countries, deepening . The most recent exports are led by Crude Petroleum ($74.4B), Refined Petroleum ($48B), Petroleum Gas ($19.7B), Gold ($18.7B), and Coal Briquettes ($14.5B). How much trade does Singapore have with Russia? Each country is colored based on the difference in imports they receive from Singapore and Russia or the difference in the growth in imports. In 2019, countries that imported more from Singapore than Russia were Hong Kong ($41.7B), Malaysia ($22.9B), and United States ($27.6B). The Trading Economics Application Programming Interface (API) provides direct access to our data. The main destination of Semiconductor Devices exports from Russia are: Kazakhstan ($37M), India ($8.21M), China ($6.52M), Belarus ($6.23M), and United States ($5.87M). The Singapore Government (including its sovereign wealth funds such as GIC) and Monetary Authority of Singapore (Singapores central bank and financial regulatory authority) will also cease investing in newly issued securities of the above entities. And technological goods to Russia from Singapore and Russia Statista can support your business Russian non-bank entities will be subsequently. Low-Carbon solutions, including hydrogen and carbon safety threat to Singapore Interface or using an excel add-in, Singapore $. This visualization show the product space at the HS4 level colored from blue to.! 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