Guide for Exports and Imports Between Türkiye and Singapore

With its special location and being one of the world's busiest ports, Singapore has become an important trading point. In this sense, Singapore has gained significant momentum in recent years for businesses which intend to increase their foreign trade volume Türkiye. So, what are the ways to import and export with Singapore? Which transfer methods are used in the export process with Singapore? What are the considerations and mandatory documents? We have answered all these questions in the rest of our article. 

Geographical Location of Singapore

Singapore is a small island-city-state located at the southern tip of the Malayan Peninsula between Malaysia and Indonesia in Southeast Asia. This country consists of the diamond-shaped Singapore Island and some 60 smaller islets, with a total area of 724.2 square kilometers. Its focal location has made it the largest port in Southeast Asia and one of the busiest in the world. Its population is 5.7 million.

What Does Singapore Export the Most? 

Here are Singapore's top exports: 

  • Electronic devices
  • Machines, nuclear reactors, boilers
  • Mineral fuels, oils, distillates
  • Commodity not specified by type
  • Optical, photographic, technical and medical devices
  • Pearls, precious stones, metals
  • Plastic products
  • Organic chemicals 
  • Essential oils, perfumes and cosmetics

What Does Singapore Import the Most?

Singapore's most imported products are as follows: 

  • Electronic devices
  • Mineral fuels, oils, distillates
  • Machines, nuclear reactors, boilers
  • Pearls, precious stones, metals
  • Optical, photographic, technical and medical devices
  • Organic chemicals
  • Plastic products
  • Various chemical products
  • Airplanes, spacecraft

What Does Singapore Buy Most from Türkiye? 

In 2021, Singapore's most imported products from Türkiye were as follows: 

  • Iron and steel
  • Mineral fuels, oils, distillates
  • Pearls, precious stones, metals, coins
  • Machines, nuclear reactors, boilers
  • Commodity not specified by type
  • Electronic devices
  • Knitted or crocheted clothing 
  • Vehicles other than railways, trams

What Does Türkiye Buy Most from Singapore? 

According to 2021 data, Türkiye imported the following products from Singapore the most:

  • Pharmaceutical products
  • Machines, nuclear reactors, boilers
  • Artificial and synthetic fibers
  • Electronic devices
  • Plastic products
  • Commodity not specified by type
  • Optical, photographic, technical and medical devices
  • Organic chemicals

Which Countries Does Singapore Import the Most From? 

According to the United Nations COMTRADE 2021 data, Singapore's top importing countries were as follows: 

  1. China- 54.61 Billion Dollars
  2. Malaysia - 53.73 Billion Dollars
  3. United States - 40.57 Billion Dollars
  4. South Korea- 22.19 Billion Dollars
  5. Japan - 21.80 Billion Dollars

What are Singapore's Top Export Countries? 

According to 2021 COMTRADE data, you can examine Singapore's top exporting countries below: 

  1. China- 67.75 Billion Dollars
  2. Hong Kong- 60.15 Billion Dollars
  3. Malaysia - 42.13 Billion Dollars
  4. United States - 39.32 Billion Dollars
  5. Indonesia- 28.80 Billion Dollars

How Much Does Türkiye Import from Singapore? 

Türkiye's imports from Singapore amounted to 855.34 Million Dollars in 2021, according to the United Nations COMTRADE database.

How Much Does Türkiye Export to Singapore? 

In 2021, Türkiye’s exports to Singapore amounted to 888.88 Million Dollars according to COMTRADE data. 

Which Transportation Methods are used for Import and Export between Türkiye and Singapore?

You can easily transport your products from Türkiye to Singapore by seaway LCL shipping. This method, which is frequently preferred on many trade routes, saves time and is very cost-effective. 

What are the Transit Times for Imports from Singapore to Türkiye? 

Singapore port is used for imports from Singapore to Türkiye and the transit time is 22 days. The most frequently shipped product groups are machinery and spare parts. 

What are the Transit Times for Exports from Türkiye to Singapore? 

Singapore port is used for exports from Türkiye to Singapore. The transit time on this route is 25 days and the most commonly shipped products are machinery, textiles and raw materials. 

Seaway LCL Shipping Between Türkiye and Singapore

Seaway LCL shipping provides flexibility to businesses by loading the products of more than one business together, without the need for a single business to stuff the container with its products. In addition, transportation costs become very advantageous by dividing the freight charges between the businesses sharing the container. In this context, this transportation method, which can also be preferred between Türkiye and Singapore, stands out as an attractive option for all businesses. 

What are the Mandatory Documents for Export between Türkiye and Singapore?

It is very important to have detailed information about the necessary documents and the regulations of the relevant country to avoid possible issues in the process of shipping your products abroad. While these mandatory documents and regulations may vary from country to country, you can review the basic mandatory documents below: 

  • Commercial Invoice
  • Detailed list of products shipped (quantity, value and other necessary information)
  • Bill of lading
  • Customs Declaration 
  • Required product-related certificates 

How to E-Export to Singapore from Türkiye? 

For all businesses, large and small, reaching buyers abroad and generating revenue in foreign currency is much more financially advantageous. In this context, e-export is becoming increasingly important. With the opportunity to sell without opening a branch in another country and without increasing costs, e-export has become a new trend, surpassing traditional exports.

If you want to export online and move your products to Singapore, don't forget to read our article titled How to E-export!

What is Incoterms? What to Know When Exporting to and Importing from Singapore 

Incoterms refers to the international rules that are necessary in the import and export processes of products, guiding sellers and buyers and protecting their rights. This set of rules, created by the International Chamber of Commerce and today consisting of 11 terms, is created to prevent potential problems and confusion by defining the obligations of the parties. 

Organizations intending to carry out imports and exports between Türkiye and Singapore are expected to deliver their products to the buyers in accordance with Incoterms. If you want to get detailed information about Incoterms, you can take a look at our related content

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