Exports of services as a part of balance of payment rose 10.4% to USD 396 bil in Singapore in 2024, according to the National Statistical Office.
Historically, exports of services as a part of balance of payment in Singapore reached an all time high of USD 396 bil in 2024 and an all time low of USD 0.961 bil in 1972. When compared to Singapore's main peers, exports of services as a part of balance of payment in Indonesia amounted to USD 39.0 bil, USD 53.4 bil in Malaysia, USD 52.0 bil in Philippines and USD 72.1 bil in Thailand in 2024.
Singapore has been ranked 5th within the group of 103 countries we follow in terms of exports of services as a part of balance of payment, 5 places above the position seen 10 years ago.
| Exports of Services (BoP, USD) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Australia | USD bil | 69.4 | 70.9 | 50.3 | 45.9 | 53.1 | ||||||||||||||||
| Cambodia | USD bil | 5.45 | 6.09 | 1.77 | 0.657 | 2.32 | ||||||||||||||||
| China | USD bil | 234 | 244 | 229 | 339 | 372 | ||||||||||||||||
| Indonesia | USD bil | 31.2 | 31.6 | 15.0 | 14.0 | 23.2 | ||||||||||||||||
| Laos | USD bil | 0.985 | 1.18 | 0.347 | 0.125 | 0.406 | ... | |||||||||||||||
| Malaysia | USD bil | 40.2 | 41.1 | 22.2 | 21.2 | 31.9 | ||||||||||||||||
| Myanmar | USD bil | 4.65 | 6.68 | ... | ... | ... | ... | ... | ||||||||||||||
| Philippines | USD bil | 38.4 | 41.3 | 31.8 | 33.6 | 41.1 | ||||||||||||||||
| Singapore | USD bil | 213 | 225 | 217 | 285 | 340 | ||||||||||||||||
| Taiwan | USD bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Thailand | USD bil | 77.5 | 81.2 | 31.0 | 25.4 | 38.9 | ||||||||||||||||
| Vietnam | USD bil | 14.8 | 16.6 | 7.60 | 4.21 | 13.5 |
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