Singapore's Trade Balance recorded a surplus of 2.7 USD bn in Mar 2019, compared with a surplus of 3.9 USD bn in the previous month. Singapore's Trade Balance data is updated monthly, available from Jan 1976 to Mar 2019, with an averaged value of -117.1 USD mn. The data reached an all-time high of 6.1 USD bn in Dec 2011 and a record low of -1.3 USD bn in Oct 1993. CEIC calculates monthly Trade Balance from monthly Total Exports and monthly Total Imports. The Department of Statistics provides Total Exports and Total Imports in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.
In the latest reports, Singapore's Total Exports reached 32.4 USD bn in Mar 2019, a decrease of 0.5 % year on year. Total Imports recorded 29.8 USD bn in Mar 2019, an increase of 5.0 % year on year.
What was Singapore's Trade Balance in Mar 2019?