National Economy:
|
GDP (billion USD$)
|
547,4 (2024)
|
Inflation Rate (%)
|
2,4 (2024)
|
|
Real GDP Growth (%)
|
4,39 (2024)
|
Unemployment Rate (%)
|
2,0 (2024)
|
|
Population (million)
|
6,11
|
Exports (fob-million USD$)
|
504,8 (2024)
|
|
Population Growth Rate (%)
|
1,2
|
Imports (fob-million USD$)
|
457,5 (2024)
|
|
GDP per Capita (USD$)
|
90,7
|
Number of Turkish-owned companies in Singapore
|
286
|
Sources:
Economist Intelligence Unit, World Bank, Ministry of Economy
Main Trading Partners: PRC, Malaysia, Indonesia, USA, EU
Main Export Items: machinery and equipment, processed
petroleum products, chemical products, various manufactured goods, petroleum
fuels.
Main Import Items: Integrated circuits, refined petroleum,
gold, crude oil, gas turbines.
|
Türkiye’s Export and Import with Singapore (million
$)
|
|
|
2022
|
2023
|
2024
|
2025 (Jan-Nov)
|
|
Imports
|
800,103
|
755,244
|
1.084,285
|
472,656
|
|
Exports
|
473,404
|
406,063
|
351,856
|
285,895
|
|
Volume
|
1.273,507
|
1.161,307
|
1.436,141
|
758,551
|
|
Balance
|
+326,699
|
+349,181
|
+732,429
|
+186,761
|
Source:
Turkish Statistical Institute (TÜİK)
Bilateral Trade and Economic Relations:
Our Main Export Items: Mineral fuels, oils, distillate
products, etc.; jewelry made from precious metal coatings, precious stones,
metals and coins; construction materials made of iron and steel; ships,
boats and other floating structures; electrical and electronic equipment;
pharmaceuticals
Our Main Import Items: Medical supplies and
pharmaceuticals, machine parts, plastics and products, optical materials,
photographic, technical, medical, etc. devices, synthetic rubber and organic
chemicals
In recent years, significant momentum has been gained in our economic
relations with Singapore, one of the most dynamic countries in Southeast
Asia. The volume of foreign trade between our country and Singapore has
exceeded 1 billion USD in recent years, except for the decrease experienced
in 2020 due to the strict measures taken against the Covid-19 pandemic.
There are approximately 164 Singaporean-capital companies in our country;
and 286 Turkish-capital companies operate in Singapore.