Judy Genshaft

University of South Florida

“The Tampa Bay Trade & Protocol Council is an integral part of our region’s international trade strategy"

President Ronald L. Vaughn

The University of Tampa

"The Tampa Bay Trade & Protocol Council has a lead role in helping to rebuild these relationships for our community.”

Bob Rohrlack

Greater Tampa Chamber of Commerce

Greater Tampa Chamber of Commerce commends the Mayor and County on their vision to strengthen Protocol with an international trade component.

Singapore

About
Singapore is a sovereign city-state and island country in Southeast Asia. It lies off the southern tip of the Malay Peninsula between the South China Sea and the Indian Ocean.

Singapore’s natural resources include fish and deep-water ports (2). Its economy is structured as followed (in % of GDP): services 70.6% %, industry 29.4 % and agriculture 0% (2013) (1).

Singapore’s agriculture products include orchids, vegetables; poultry, eggs, fish and ornamental fish (1). Its industries include electronics, chemicals, financial services, oil drilling equipment, petroleum refining, rubber processing and rubber products, processed food and beverages, ship repair, offshore platform construction and life sciences (1).

Singapore’s top exports commodities include machinery and equipment (including electronics and telecommunications), pharmaceuticals and other chemicals, refined petroleum products, food and beverages (1). Its top imports commodities include machinery and equipment, mineral fuels, chemicals, foodstuffs (2).

Singapore’s mains port is Singapore (2).

Trade Statistics
Singapore was the United States' 17th largest goods trading partner with $49 billion in total goods trade during 2013 (3). In 2013, Singapore was the United States' 13th largest goods export market and 26th largest import market (4). In 2012, United-States was Singapore’s 3rd main import partner and 5th main export (1). Florida’s top exports to Singapore: Civilian Aircraft, Engines, and Parts, Electric Apparatus for Line Telephony, Medical, Surgical, Dental and Veterinary Instruments, Poly carboxylic Acids, Automatic Data Process Machines, Magnetic Readers and Articles of Iron or Steel.

Singapore and the United States are partners in the ongoing Trans-Pacific Partnership (TPP) negotiations (3).

Trade Numbers
  • United States’ goods and private services trade with Singapore in 2012: $68 billion (3)
  • United States’ goods and services import from Singapore in 2012: $25 billion (3)
  • United States’ goods and services export to Singapore in 2012: $43 billion (3)
  • United States’ goods import from Singapore in 2013: $17.8 billion – (a 11.9% decrease ($2.4 billion) from 2012) (3)
  • United States’ goods exports to Singapore in 2013: $30.7 billion - (up 0.7% ($199 million) from 2012) (3)
  • Florida’s merchandise exports to Singapore in 2013: 420,828.6 Thousands of US Dollars (4)
  • Imports from Singapore to Tampa Port Authority in 2010: $840,150 (5)
  • Exports from Tampa Port Authority to Singapore in 2010: $486,538 (5)

References
  1. https://www.cia.gov/library/publications/the-world-factbook/geos/sn.html
  2. http://www.infoplease.com/country/singapore.html?pageno=2
  3. http://www.ustr.gov/countries-regions/southeast-asia-pacific/singapore
  4. http://www.enterpriseflorida.com/wp-content/uploads/profile-fl-top-foe-markets-singapore.pdf
  5. http://www.worldportsource.com/trade/byPort/SGP/USA_FL_Tampa_Port_Authority_96.php