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 
Enterprise Singapore
230 Victoria Street 
Level 10, Bugis Junction Office Tower 
Singapore 188024 
Tel: +65 6898 1800 
Rubber Trade Association of Singapore
101 Cecil Street #24-12 
Tong Eng Building 
Singapore 069533 
Tel: + 65 6227 1536 
Singapore International Chamber of Commerce
6 Raffles Quay #10-01 
Singapore 048580 
Tel: +65 6500 0960 
Press Releases
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Mr Satvinder Singh (Enterprise Singapore) appointed Deputy Secretary General for the Asean Economic Community (AEC)
Dear All It is with great pleasure that I convey the congratulatory note of Mr Satvinder Singh (Enterprise Singapore) appointment as Deputy Secretary-General for the ASEAN Economic Community (AEC) with effect from 25th March 2021. Satvinder will support the ASEAN Secretary-General in the implementation of the AEC blueprint 2025, as well as the realisation of the AEC’s goals. Additionally, he will manage development cooperation in economic matters, policy and relations...
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Singapore narrows 2020 GDP forecast range, economy to contract between 5%-7%
SINGAPORE: Singapore has narrowed its economic forecast for 2020 to a contraction between 5 and 7 per cent, the Ministry of Trade and Industry (MTI) said on Tuesday (Aug 11), as data showed a steep slump in the second quarter amid the COVID-19 pandemic. The earlier projection made in May was for the economy to shrink between 4 and 7 per cent. “Notwithstanding the narrowing of the forecast range, there...
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Singapore's economy contracts by 2.2% in Q1
The Singapore economy contracted by 2.2 per cent year-on-year in the first quarter, as the COVID-19 outbreak and global measures to prevent its spread threw a wrench in the construction and services industries, according to flash estimates released on Thursday (Mar 26). This compares with the 1 per cent expansion logged in the same period last year, and reverses the 1 per cent growth in the preceding quarter. On a...