The Vietnam Trade Office in Singapore, citing statistics from Enterprise Singapore (EnterpriseSG), reported that in September 2026, the total import-export turnover between Singapore and Vietnam reached nearly 5.2 billion SGD—an increase of 61.6% compared to the same period in 2025.
According to data from Enterprise Singapore (EnterpriseSG), Singapore’s total global trade turnover in September 2026 reached nearly SGD 178.8 billion—an increase of 50.8% compared to the same period in 2025. Of this total, exports accounted for SGD 94.4 billion (up 51.5%), while imports reached SGD 84.3 billion (up 49.9%).
Within the export category, the value of domestically produced goods reached SGD 34.3 billion (up 46.7%), and the value of re-exports (transshipment) reached SGD 60.1 billion (up 54.4%).
Enterprise Singapore’s statistics further indicate that for the first nine months of 2026, Singapore’s total global trade turnover reached nearly SGD 1,390 billion—a 36.9% increase over the same period in 2025. Exports totaled SGD 743.4 billion (up 38%), and imports reached SGD 646.5 billion (up 35.7%).
Regarding exports, the value of domestically produced goods reached SGD 251 billion (up 19.8%), while the value of re-exports (transshipment) reached SGD 492.3 billion (up 49.5%).
During the first nine months of 2026, Singapore’s trade with its 15 major partners largely maintained positive growth. In terms of trade value, Taiwan currently holds the position of Singapore’s largest trading partner, with bilateral trade reaching SGD 219.2 billion—an increase of 83.2% compared to the same period in 2025.
Rounding out the top five trading partners for Singapore are China (with bilateral trade of SGD 144.3 billion, up 21%), Malaysia (SGD 140.1 billion, up 30.2%), the United States (SGD 129 billion, up 27.1%), and Hong Kong (SGD 90.6 billion, up 44.9%).
For the first nine months of 2026, Vietnam remained Singapore’s 10th-largest trading partner, with total bilateral trade reaching SGD 42.8 billion—a 46.8% increase over the same period in 2025. This figure comprises SGD 23.4 billion in exports from Singapore to Vietnam (up 14.3%) and SGD 19.4 billion in imports by Singapore from Vietnam (up 123.2%).
Regarding trade with Vietnam during the first nine months of 2026, when including the value of re-exports (goods imported and subsequently re-exported), Singapore maintains a trade surplus with Vietnam, amounting to SGD 4 billion according to Singaporean records.
Conversely, when considering only the export of domestically produced goods, Singapore runs a trade deficit with Vietnam, totaling SGD 12.9 billion. In September 2026 alone, the total import-export turnover between Singapore and Vietnam reached nearly SGD 5.2 billion, an increase of 61.6% compared to the same period in 2025. Specifically, Singapore’s exports to Vietnam reached nearly SGD 3 billion (up 35.6%), while imports from Vietnam exceeded SGD 2.2 billion (up 115.9%).
Regarding Singapore’s exports, the value of domestically produced goods shipped to Vietnam reached SGD 657.4 million—an increase of 27.5%—while the value of re-exports (transshipments) to Vietnam reached nearly SGD 2.3 billion, up 38%.
Consequently, for the first nine months of 2026, the total import-export turnover between Singapore and Vietnam reached nearly SGD 42.8 billion, marking a 46.8% increase over the same period in 2025.
This sets a new record for two-way trade turnover; the figure for the first nine months of 2026 has already surpassed the total trade turnover recorded for the entire year of 2025.