Singapore (VNA) – Trade between Vietnam and Singapore in the first five months of 2026 continued to demonstrate the growing integration of the two economies in industrial, technology and energy supply chains, reflecting their efforts to strengthen resilience amid regional and global uncertainties.
According to the Vietnam Trade Office in Singapore, Vietnam remained Singapore’s 10th largest trading partner during the period, with bilateral trade reaching 23.3 billion SGD (18.02 billion USD), up 43.4% year-on-year.
Singapore’s exports to Vietnam totalled 12.3 billion SGD, up 4.8%, while its imports from Vietnam surged 142.9% to 11 billion SGD. Excluding re-exports and considering only goods of domestic origin, Singapore recorded a trade deficit of nearly 7.3 billion SGD with Vietnam.
Three product groups - electrical machinery and equipment and parts (HS 85); mineral fuels, oils and distillation products, bituminous substances and mineral waxes (HS 27); and nuclear reactors, boilers, machinery and mechanical appliances and parts (HS 84) - continue to post strong positive growth.
A report released by Singapore’s Ministry of Trade and Industry on June 17 showed that the country’s non-oil domestic exports rose 38.4%, with electronic exports soaring 94.8%, driven largely by demand for artificial intelligence-related products, integrated circuits, data storage devices and personal computers.
This trend has created favourable conditions for trade in HS 85 and HS 84, while highlighting Vietnam’s growing role in regional supply chains.
In the first four months of 2026, Vietnam’s imports of refined petroleum products and liquefied petroleum gas (LPG) increased significantly. Meanwhile, Singapore continued to strengthen its role as a regional hub for trading, storage, refining and distribution of fuels./.
