Republic of Singapore

Population: 5,639,000 (2018)
GDP: 3.64 Billion USD (2018)
Total Area: 709 sq km (2018)
Agriculture Land: 0.93% (2016)
Forest: 23.06% (2016)


Singapore is a high-income economy with a gross national income per capita of US$ 54,530, as of 2017. The country provides one of the world’s most business-friendly regulatory environments for local entrepreneurs and is ranked among the world’s most competitive economies.The overall growth of Singapore economy was 3.2 percent in 2018. Singapore is strategically located as a trading hub connecting Asia, Australia, Europe, the Middle East and the US. Singapore is one of the most open trading nations in the world. It currently has 21 Free Trade Agreements (FTAs)/Economic Partnership Agreements (EPAs) with 32 trading partners.Singapore is one of the top foreign exchange centres, financial centres, oil-refining and trading centres, a key hub for oil rigs producer and major ship repair services and for base metals, iron ore...

Singapore is a Rubber Trading Hub

The remarkable story of Singapore as rubber trading hub started in 1877 when 22 rubber plants reached the island from Sri Lanka. Twelve of these were planted by the Botanic Gardens in Singapore. While there were no commercial interests in them for a spell of some 20 years, the rubber trees were studied by the Botanic Gardens and important data about their cultivation was gathered. Limited by land area of just over 700 square kilometres, Singapore was never a larger producer though plantation was established here. However, Singapore developed an important rubber packing as well as a rubber milling centre to serve the plantations in Malaysia and Indonesia for almost 80 years. Rubber trade was one of the most important industries in early Singapore as rubber produced by “estates” was processed and packed on site and transported to Singapore for shipment to London to be sold and distributed to rubber manufacturers in Europe and in USA. The financial requirements for the buying and holding of rubber during the processing and selling of the processed rubber for shipment was significant as volume grew. The Singapore Chinese entrepreneurs involved in the processing were those also responsible for the successful establishment of local...

Synthetic Rubber

Production of synthetic elastomers started in 2013 focussed on export to Asia-Pacific region. Five major synthetic producers have manufacturing facilities in Singapore and about 303,000 tonnes were produced in 2017.

Government & Other Agencies

Ministry of Trade and Industry
100 High Street 
#09 - 01 The Treasury 
Singapore 179434 
Tel : +65 62259911 
E-mail: mti_email@mti.gov.sg 
Website: www.mti.gov.sg/
Enterprise Singapore
230 Victoria Street 
Level 10, Bugis Junction Office Tower 
Singapore 188024 
Tel: +65 6898 1800 
E-mail: enquiry@enterprisesg.gov.sg 
Website: enterprisesg.gov.sg/
Rubber Trade Association of Singapore
101 Cecil Street #24-12 
Tong Eng Building 
Singapore 069533 
Tel: + 65 6227 1536 
E-mail: admin@rtas.sg 
Website: www.rtas.sg
Singapore International Chamber of Commerce
6 Raffles Quay #10-01 
Singapore 048580 
Tel: +65 6500 0960 
E-mail: general@sicc.com.sg 
Website: sicc.com.sg
Press Releases
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Singapore among the world's largest recipients of investments in 2019
After more than a year of tit-for-tat tariffs in the US-China trade war and generalised anxiety about the cost to the world economy, it is remarkable that foreign direct investment into Southeast Asia continued to grow strongly last year, even as global levels flat-lined. Newly-published estimates from the United Nations Conference on Trade and Development (UNCTAD) suggest that, out of a global foreign direct investment (FDI) spend of US$1.39 trillion...
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Singapore's manufacturing output falls 1.4 pct in 2019
Singapore Economic Development Board announced on Friday that the country's manufacturing output declined 1.4 percent year on year in 2019. Last December, the output declined 0.7 percent year on year. Excluding biomedical manufacturing, the output decreased 4.1 percent year on year in 2019. In December only, the output excluding biomedical manufacturing decreased 3.2 percent year on year. On a seasonally adjusted month-on-month basis, Singapore's manufacturing output increased 4.1 percent in...
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Sumitomo Rubber Establishes Natural Rubber Procurement Subsidiary in Singapore
Sumitomo Rubber Industries, Ltd. is pleased to announce that we have recently established a natural rubber procurement subsidiary (SUMITOMO RUBBER SINGAPORE PTE. LTD.) in Singapore, the world's largest natural rubber trading hub, with the aim of ensuring a more stable supply of high-quality natural rubber to meet the needs of the Sumitomo Rubber Group. Up until now, the Natural Rubber Division of our tire sales subsidiary in Singapore (SUMITOMO RUBBER...