In November, Vietnam exported US$433 million worth of goods to Singapore, down 16.39 percent over October, according to preliminary data from Vietnam’s General Department of Customs.
So far this year, Vietnam has exported US$5,284 million worth of goods to Singapore.
Vietnam exported US$140.57 million worth of computers, electrical products, and spare-parts to Singapore in November. This was down from US$146.65 million in October, a change of -4.15 percent.
It also exported US$72.40 million worth of machine, equipment, tools and instruments to Singapore in November. This was down from US$81.21 million in October, a change of -10.84 percent.
Adding to that, Vietnam exported US$58.40 million worth of glass and glassware to Singapore in November. This was up from US$53.38 million in October, a change of 9.40 percent.
Finally, Vietnam exported US$22.10 million worth of telephones, mobile phones and parts thereof to Singapore in November. This was up from US$20.50 million in October, a change of 7.82 percent.
Learn more about manufacturing in Vietnam→
Vietnam exports to Singapore in November US$m
| November | October | Change | YTD | |
| Total | 433.06 | 517.95 | -16.39% | 5,283.79 |
| Computers, electrical products, and spare-parts | 140.57 | 146.65 | -4.15% | 1,431.44 |
| Machine, equipment, tools and instruments | 72.40 | 81.21 | -10.84% | 881.23 |
| Glass and glassware | 58.40 | 53.38 | 9.40% | 567.55 |
| Other products | 54.25 | 37.23 | 45.74% | 407.31 |
| Telephones, mobile phones and parts thereof | 22.10 | 20.50 | 7.82% | 347.39 |
| Other means of transportation, and parts | 11.26 | 90.15 | -87.51% | 730.25 |
| Footwear | 10.43 | 10.10 | 3.33% | 102.25 |
| Fishery products | 10.25 | 11.42 | -10.25% | 93.89 |
| Textiles and garments | 8.42 | 11.17 | -24.65% | 88.60 |
| Petroleum products | 7.12 | 14.17 | -49.76% | 148.70 |
| Insulated wires and cables | 5.87 | 7.12 | -17.63% | 70.65 |
| Fruits and vegetables | 4.43 | 4.52 | -2.03% | 42.73 |
| Rice | 3.46 | 6.39 | -45.83% | 80.31 |
| Wood and wooden products | 2.91 | 2.72 | 6.70% | 37.51 |
| Iron and steel products | 2.88 | 3.88 | -25.84% | 35.17 |
| Other base metals and other base metal products | 2.82 | 2.39 | 18.05% | 24.10 |
| Handbags, purses, suitcases, headgear and umbrellas | 2.54 | 2.47 | 2.78% | 28.71 |
| Chemical products | 2.49 | 2.07 | 20.45% | 28.38 |
| Pastry, sweets and cereals products | 1.96 | 1.96 | 0.07% | 18.00 |
| Paper and paper products | 1.78 | 1.73 | 3.06% | 19.63 |
| Toys and sports requisites; parts and accessories | 1.54 | 0.72 | 112.67% | 12.93 |
| Plastic products | 1.38 | 2.05 | -32.57% | 19.73 |
| Cashew nut | 0.98 | 0.61 | 60.00% | 10.87 |
| Iron and steel | 0.88 | 1.08 | -18.64% | 31.35 |
| Coffee | 0.59 | 0.86 | -31.64% | 7.63 |
| Plastics | 0.36 | 0.34 | 6.28% | 3.75 |
| Pepper | 0.31 | 0.31 | -0.38% | 4.51 |
| Rubber products | 0.31 | 0.18 | 68.22% | 4.40 |
| Ceramic products | 0.28 | 0.35 | -18.51% | 3.21 |
| Animal fodders and animal fodder materials | 0.08 | 0.21 | -59.92% | 1.37 |
| Rubber | 0.00 | 0.00 | 0.00% | 0.25 |
Vietnam trade with Singapore
In November, Vietnam imported US$465.67 million worth of goods from Singapore and exported US$433.06 million to Singapore, for total trade worth US$898.73 million, and leaving a trade deficit of US$32.61 million.
Two-way trade so far this year between Vietnam and Singapore has reached US$10,694 million, with Vietnam importing US$5,410 million worth of goods and exporting US$5,284 million worth of goods.
Discover more about trade in Vietnam→
Vietnam trade with Singapore year to date November US$m
| November | October | Change | YTD | |
| Imports | 465.67 | 492.69 | -5.48% | 5,410.32 |
| Exports | 433.06 | 517.95 | -16.39% | 5,283.79 |
| Total | 898.73 | 1,010.64 | -11.07% | 10,694.11 |
| Balance | -32.61 | 25.27 | -229.08% | -126.52 |
Vietnam-Singapore news
Recent developments involving the two countries include:
Vinamilk divestment
Singapore’s Jardine Cycle and Carriage will sell 96 million Vinamilk shares, equivalent to 4.6 percent, to F and N Dairy Investments for VND 6.01 trillion (US$228 million).
The sale will be executed via wholly owned subsidiary Platinum Victory at VND 62,555 per share, reducing its Vinamilk stake from 10.62% to 6.02%.
Following completion, F and N’s combined ownership in Vinamilk will rise from 20.39% to 24.99%, while Platinum Victory’s board representative will step down.
US-Singapore JV soy bean plant
A U.S.–Singapore joint venture has invested more than US$100 million to add a second soybean crushing line in southern Vietnam.
Vietnam Agriculture Limited, owned by Bunge and Wilmar International, inaugurated the new 4,000-ton-per-day line at Phu My 1 Industrial Park, raising total capacity to 7,800 tons daily.
See the latest Vietnam news headlines→
Vietnam-Singapore trade relations
Vietnam and Singapore established diplomatic relations in 1973 and have since built deep trade and investment ties, supported by the ASEAN Free Trade Area and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
Bilateral relations were elevated to a Strategic Partnership in 2013, with cooperation expanding through Vietnam Singapore Industrial Parks and agreements covering trade facilitation, investment and digital economy cooperation.