Trade between Singapore and India is on the rise, benefiting both nations by fostering global cooperation and economic growth. Cashews, vegetable oils, cereal preparations, oil meals, pulses, and manufactured goods rank among the top import products from India to Singapore, underscoring the strategic significance of their relationship beyond mere trade.
These imported goods from India highlight the potential, demand, and innovation within their partnership. Businesses can capitalize on this growing market by gaining detailed knowledge about these essential imports and offering valuable insights into trade dynamics.
Table of Content
- An Overview of the Export Market in India
- Current Data of Imported Products from India to Singapore
- India’s Exports to Singapore are Supported By
- Top Import Goods Wanted in Singapore from India
- Best Products Imported to Singapore from India
- Dynamics of Demand and Market Trends
- FAQs – Top Import Products from India to Singapore
An Overview of the Export Market in India
India’s economy is based mostly on its export market, with several industries contributing significantly to international trade. Now let’s examine the main industries that generate top import products from India to Singapore:
- India is known for producing a broad range of export commodities, from sophisticated technical products to agricultural supplies, among the top import products from India to Singapore. Due to this broad range, there are many prospects for trade and cooperation between India and Singapore, which displays India’s adaptability and efficiency on the world stage.
- With a focus on software creation, IT consulting, and business process outsourcing, India’s IT industry is a major exporter. India, a country famed for its knowledge and inventiveness, is becoming a major mecca for IT results worldwide. Indian IT and software services are well- known for their responsibility and quality, which attract guests from all over the world. This leads to large income generation and a notable increase in the nation’s export earnings.
- Generic pharmaceuticals are one of the top import products from India to Singapore, and as such, generic drug sales from India contribute significantly to Singapore’s export earnings.
- The automobile industry is one of the main import sectors from India to Singapore, seeing substantial development in exports due to its competitive costs and technological advancements.
- India is a leading exporter of clothing, yarn, and textiles, indicating its strength in this market. These products are also among the top import products from India to Singapore.
Important Products to Import to Singapore are Vegetable canvases, cashews, cocoa products, beats, cereal mixes, oil painting refections, spices, and manufactured goods are among the top products to import from India to Singapore. These goods are vital to two-way trade and demonstrate the variety and strategic significance of India’s exports. India has become a prominent player in international trade due to its varied assortment of products, which define its export potential.
Current Data of Imported Products from India to Singapore
| Singapore Imports from India | Value | Year |
|---|---|---|
| Mineral fuels, oils, distillation products | $3.50B | 2022 |
| Pearls, precious stones, metals, coins | $1.29B | 2022 |
| Organic chemicals | $736.94M | 2022 |
| Machinery, nuclear reactors, boilers | $656.44M | 2022 |
| Articles of iron or steel | $315.61M | 2022 |
| Electrical, electronic equipment | $288.73M | 2022 |
| Zinc | $252.75M | 2022 |
| Optical, photo, technical, medical apparatus | $143.06M | 2022 |
| Plastics | $89.28M | 2022 |
| Pharmaceutical products | $87.56M | 2022 |
| Miscellaneous chemical products | $80.14M | 2022 |
| Iron and steel | $78.04M | 2022 |
| Cereals | $76.68M | 2022 |
| Vehicles other than railway, tramway | $64.72M | 2022 |
| Tanning, dyeing extracts, tannins, derivatives, pigments | $62.51M | 2022 |
| Essential oils, perfumes, cosmetics, toileteries | $46.07M | 2022 |
| Articles of apparel, not knit or crocheted | $45.57M | 2022 |
| Tools, implements, cutlery of base metal | $41.19M | 2022 |
| Aluminum | $34.05M | 2022 |
| Edible vegetables and certain roots and tubers | $33.49M | 2022 |
| Rubbers | $32.69M | 2022 |
| Fish, crustaceans, molluscs, aquatics invertebrates | $29.27M | 2022 |
| Animal, vegetable fats and oils, cleavage products | $28.87M | 2022 |
| Sugars and sugar confectionery | $27.74M | 2022 |
| Paper and paperboard, articles of pulp, paper and board | $26.37M | 2022 |
| Articles of apparel, knit or crocheted | $25.86M | 2022 |
| Commodities not specified according to kind | $22.06M | 2022 |
| Coffee, tea, mate and spices | $21.09M | 2022 |
| Beverages, spirits and vinegar | $19.93M | 2022 |
| Aircraft, spacecraft | $18.06M | 2022 |
| Dairy products, eggs, honey, edible products | $17.14M | 2022 |
| Inorganic chemicals, precious metal compound, isotope | $16.25M | 2022 |
| Edible fruits, nuts, peel of citrus fruit, melons | $15.29M | 2022 |
| Soaps, lubricants, waxes, candles, modelling pastes | $13.79M | 2022 |
| Miscellaneous edible preparations | $13.40M | 2022 |
| Articles of leather, animal gut, harness, travel good | $12.76M | 2022 |
| Cereal, flour, starch, milk preparations and products | $12.68M | 2022 |
| Meat, fish and seafood preparations | $11.82M | 2022 |
| Lead | $10.17M | 2022 |
| Salt, sulphur, earth, stone, plaster, lime and cement | $10.03M | 2022 |
| Oil seed, oleagic fruits, grain, seed, fruits | $10.01M | 2022 |
| Stone, plaster, cement, asbestos, mica or similar materials | $8.98M | 2022 |
| Footwear, gaiters and the like, | $8.97M | 2022 |
| Meat and edible meat offal | $8.49M | 2022 |
| Other made textile articles, sets, worn clothing | $8.16M | 2022 |
| Wadding, felt, nonwovens, yarns, twine, cordage | $7.96M | 2022 |
| Lac, gums, resins | $6.88M | 2022 |
| Furniture, lighting signs, prefabricated buildings | $6.71M | 2022 |
| Vegetable, fruit, nut food preparations | $6.44M | 2022 |
| Miscellaneous articles of base metal | $6.38M | 2022 |
| Tobacco and manufactures tobacco substitutes | $6.34M | 2022 |
| Glass and glassware | $6.32M | 2022 |
| Carpets and other textile floor coverings | $5.29M | 2022 |
| Works of art, collectors’ pieces and antiques | $4.09M | 2022 |
| Copper | $3.62M | 2022 |
| Ceramic products | $3.53M | 2022 |
| Live trees, plants, bulbs, roots, cut flowers | $3.22M | 2022 |
| Milling products, malt, starches, inlin, wheat gluten | $3.01M | 2022 |
| Manmade filaments | $2.70M | 2022 |
| Silk | $2.69M | 2022 |
| Printed books, newspapers, pictures | $2.57M | 2022 |
| Nickel | $2.39M | 2022 |
| Miscellanneous manufactured articles | $2.26M | 2022 |
| Headgear | $2.19M | 2022 |
| Manmade staple fibers | $1.99M | 2022 |
| Residues, wastes of food industry, animal fodder | $1.98M | 2022 |
| Toys, games, sports requisites | $1.89M | 2022 |
| Clocks and watches | $1.81M | 2022 |
| Wood and articles of wood, wood charcoal | $1.65M | 2022 |
| Cocoa and cocoa preparations | $1.42M | 2022 |
| Cotton | $1.16M | 2022 |
| Special woven or tufted fabric, lace, tapestry | $1.14M | 2022 |
| Tin | $976.20K | 2022 |
| Base metals not specified elsewhere, cermets. | $974.98K | 2022 |
| Railway, tramway locomotives, rolling stock, equipment | $951.89K | 2022 |
| Fertilizers | $643.79K | 2022 |
| Albuminoids, modified starches, glues, enzymes | $627.31K | 2022 |
| Musical instruments, parts and accessories | $452.78K | 2022 |
| Products of animal origin | $428.38K | 2022 |
| Vegetable textile fibers not specified elsewhere, paper yarn, woven fabric | $353.04K | 2022 |
| Impregnated, coated or laminated textile fabric | $334.87K | 2022 |
| Bird skin, feathers, artificial flowers, human hair | $330.73K | 2022 |
| Ships, boats, and other floating structures | $329.26K | 2022 |
| Wool, animal hair, horsehair yarn and fabric | $262.90K | 2022 |
| Photographic or cinematographic goods | $234.42K | 2022 |
| Knitted or crocheted fabric | $200.92K | 2022 |
| Raw hides and skins (other than furskins) and leather | $174.77K | 2022 |
| Vegetable plaiting materials, vegetable products | $165.23K | 2022 |
| Explosives, pyrotechnics, matches, pyrophorics | $141.51K | 2022 |
| Manufacturers of plaiting material, basketwork | $112.33K | 2022 |
| Umbrellas, walking-sticks, seat-sticks, whips | $82.30K | 2022 |
| Cork and articles of cork | $58.13K | 2022 |
| Furskins and artificial fur, manufactures | $39.44K | 2022 |
| Live animals | $13.12K | 2022 |
| Ores slag and ash | $1.11K | 2022 |
| Pulp of wood, fibrous cellulosic material, waste | $55 | 2022 |
| Arms and ammunition, parts and accessories | $686 | 2019 |
India’s Exports to Singapore are Supported By
Economic Aspects
- The top products to import from India to Singapore, strong economy, and strategic location as a regional trade hub present appealing opportunities for companies to import top products from India to Singapore.
- Business-friendly rules and well-developed infrastructure in Singapore guarantee smooth commercial operations for Indian companies exporting goods to the country.
- The complementary economies of Singapore and India foster trade cooperation. Top import products from India to Singapore provided by both nations, meeting mutual needs and fostering the expansion of trade between the two countries.
Geographical Concerns
- Singapore is a sought-after destination for Indian exporters of top import products from India to Singapore due to its strategic location as a gateway to Southeast Asia and its robust connectivity to global markets.
- Effective Logistics For Indian exporters delivering top import products from India to Singapore, being close to important shipping lanes and ports enhances trade logistics efficiency and reduces transportation costs.
Cultural Aspects
- Due to their shared cultural heritage and historical links, India and Singapore have easier commercial dealings. This is especially true for exporters of top import products from India to Singapore.
- There is an inherent market for Indian items in Singapore because of the sizeable Indian diaspora there. This promotes mutual commercial and cultural interchange, especially with regard to top import products from India to Singapore.
Top Import Goods Wanted in Singapore from India
- The demand for top import products from India to Singapore, similar as vegetable canvase , cashews, cocoa products, beats, cereal medications, oil painting refections, spices, and manufactured goods, is what propels India’s exports to Singapore.
- Because of their high quality and affordability, Indian particulars are popular in the Singaporean market, which has redounded in steady import development between the two countries.
Understanding these characteristics is important for Indian exporters who want to take advantage of the openings presented by the dynamic trade relationship between India and Singapore, particularly with reference to the top import products from India to Singapore.
Best Products Imported to Singapore from India
1. Medications and Health Care Items
- Singapore largely values India’s medicinal and healthcare products, considering them among the top import products from India to Singapore due to their affordability and excellent quality. This sector includes colourful particulars like medical bias, general drugs, and healthcare services, all essential for addressing the healthcare conditions of Singapore’s people.
- India’s pharmaceutical sector is growing rapidly and is well-known for creating reasonably priced, very effective generic drugs. Singapore appreciates India’s proficiency in providing medical services, including telemedicine and medical travel.
Important Players and Market Factors
- Prominent Indian medicinal businesses that dominate Singapore’s request for top import products from India to Singapore include Sun Pharmaceutical, Dr. Reddy’s Laboratories, and Cipla. These businesses are essential in meeting Singapore’s need for high- quality medicinal products.
- The import of medicinals and healthcare particulars from India is fueled by the country’s character for quality and affordability, as well as Singapore’s growing need for healthcare services and inventories.
2. Electrical Goods and Electronics
- India’s electronics and electrical goods sector, offering a wide range of products similar to consumer electronics, factors, and artificial outfit, has seen remarkable growth, establishing these particulars as top import products from India to Singapore.
- High- quality products are produced by India’s electronics assiduity, which gains from both professed labour and specialised advancements.
- Singapore significances electrical and electronic products from India to satisfy original demand and import to neighbouring nations.
Important Players and Market Factors
- Tata Group, Havells, and Voltas are among the Indian companies that have established a solid footing in Singapore.
- The demand for electronics and electrical items in the country is driven by various factors like telecommunications and information technology sector growth, infrastructure development, urbanisation, and more.
3. Clothes and Textiles
- India’s apparel and cloth diligence, famed for their product of a different array of goods including fabrics, garments, and accessories, stand out as top import products from India to Singapore.
- Indian fabrics are well- liked in Singapore because of their character for excellence, artificer, and traditional designs.
- Singaporeans value India’s rich artistic heritage, which is seen in the country’s apparel and fabrics.
Important Players and Market Factors
- The top import products from India to Singapore, which include leading Indian textile firms such as Raymond Group, Aditya Birla Fashion and Retail Limited, and Arvind Limited, are among those that contribute to Singapore’s top imports from India.
- The growing market for eco-friendly and sustainable textiles supports India’s position as a major exporter to Singapore.
4. Product from Agriculture
- Fruits, vegetables, spices, and processed meals are among the top product imports from India to Singapore .
- Top product imports from India to Singapore depend on imports to meet its food demands due to its small amount of arable land, which makes Indian agricultural goods essential.
- There is great appreciation for the taste, variety, and freshness of Indian farms’ fruits, vegetables, spices, and processed meals.
Important Players and Market Factors
- The top imports from India to Singapore enterprises, and cooperatives from India are crucial in getting agricultural products to Singapore.
- Serving Singapore’s increasing demand for organic and specialised products will allow Indian exporters to increase the scope of their product offerings.
5. Jewellery and Gems
India is a major exporter of jewellery and gemstones globally, offering gold, diamonds, and gemstones. Singapore, known for its financial status and affluent population, is a prime market for luxury items like jewellery and gemstones imported mainly from India.
Important Players and Market Factors
- Key players like Malabar Gold & Diamonds, Titan, Tanishq, and Titan have made a significant impact in Singapore with their high-quality craftsmanship and unique designs.
- Diamond and jewellery imports from India to Singapore are driven by investment purposes, weddings, and festivals.
6. Petrochemicals and Chemicals
- Petrochemicals and other chemicals are the top import products from India to Singapore for usage in the construction, manufacturing, and healthcare industries.
- The chemicals and petrochemicals industry in India manufactures various products such as plastics, fertilisers, and specialty chemicals, thanks to skilled labour, ample raw materials, and technological progress.
- These top-quality products are exported to Singapore for use in industries like construction, manufacturing, and healthcare.
Important Players and Market Factors
- Numerous Indian chemical companies, such as Tata Chemicals, Indian Oil Corporation, and Reliance Industries, are based in Singapore.
- The top import products from India to Singapore requirement for chemicals and petrochemicals is primarily driven by the city-state’s infrastructural development, industrial expansion, and urbanisation.
Dynamics of Demand and Market Trends
The recent increase in demand for top import products from India to Singapore reflects changes in consumer preferences and economic conditions, highlighting the commercial relationship between the two countries. Growing demand for eco-friendly products is compelling Indian exporters to adapt.
Moreover, advancements in technology have made trade easier by speeding up transactions and simplifying market access for both nations. For instance, the top import products from India to Singapore benefit from these advancements. Additionally, partnerships in sectors like manufacturing, healthcare, and technology are driving innovation and strengthening Singapore’s trade connections with India.
Conclusion
The two nations’ economic ties are getting stronger as a result of the rising demand for top import products from India to Singapore and the advantages of collaboration. India and Singapore are looking forward to growth and cooperation in sectors like electronics, pharmaceuticals, and textiles, with a focus on fostering innovation and improving their commercial relations.
The top import products from India to Singapore With the possibility of continued cooperation resulting in wealth and advancement as they build on their own strengths and adjust to shifting trends, the future of commerce between the two countries appears bright.
FAQs – Top Import Products from India to Singapore
What are the main products that India sends to Singapore?
India’s principal exports to Singapore include cashews, vegetable oils, oil meals, cereal preparations, pulses, and manufactured items.
Why is trade between Singapore and India dependent on these goods?
These goods highlight the strategic importance of the commercial relationship between Singapore and India by representing a range of trade opportunities and economic cooperation.
Which sectors of the Indian economy export a lot to Singapore?
Singapore is a major export destination for textiles, chemicals, electronics, jewellery & gems, and pharmaceuticals from India.
What elements play a part in the appeal of Indian products in Singapore?
The desire for Indian products in Singapore is driven by elements including a sizeable Indian community, cultural affinity, affordability, and quality.
What effects do geographical, cultural, and economic variables have on trade between Singapore and India?
Singapore is well-positioned for trade cooperation and the exchange of goods and services between the two countries due to its strong economy, close cultural ties to India, and advantageous geographic location.
What is the future of Singapore’s and India’s trade relations?
The future of commercial relations between Singapore and India seems positive because of the two countries’ shared dedication to innovation and economic success, as well as the abundance of chances for growth and collaboration across numerous sectors.