SINGAPORE …. MONTHLY COMMERCIAL REPORT – MAY 2012 ...

SINGAPORE
….
MONTHLY COMMERCIAL REPORT – MAY 2012
PART I - ECONOMIC AND TRADE DATA
in billion S$
2007 2008 2009 2010 2011
GDP at current market prices 267.254 267.952 266.659 303.652 326.832
GDP at 2005 market prices 246.846 250.516 248.587 284.561 299.625
Sectoral Growth Rates (Year-on-Year %)
Sector 2009 4Q10 2010 1Q11 2Q11 3Q11 4Q11 2011 1Q12
Total -0.8 12.0 14.5 9.3 0.9 6.0 3.6 4.9 1.6
Goods producing- Industries -1.4 20.2 25.0 13.9 -4.7 11.8 8.0 6.8 0.2
Manufacturing -4.2 25.5 29.7 16.5 -5.9 13.7 9.2 7.6 -1.0
Construction 17.1 -2.0 6.1 2.4 1.5 2.4 2.9 2.6 7.7
Services producing-
-0.7 8.8 10.5 7.6 3.9 3.6 2.1 4.4 2.2
Industries Wholesale & Retail Trade -6.0 10.8 15.1 5.0 0.0 -1.4 0.9 1.1 -0.3
Transport & Storage -9.0 3.8 6.0 4.9 4.1 5.1 2.4 4.7 3.5
Hotels & Restaurants -1.6 7.5 8.8 7.2 6.4 5.6 3.3 5.8 4.0
Info & Communications 1.0 2.9 2.9 3.3 2.4 0.9 0.7 1.5 1.7
Financial Services 4.3 10.9 12.2 11.4 10.0 11.6 3.5 9.1 0.8
Business Services 4.3 4.5 5.9 4.4 2.2 1.9 1.9 2.7 3.5
Other Services Industries 5.2 15.7 14.3 15.3 5.0 3.7 2.3 6.7 5.1
Rate of Inflation
May 2012 2008 2009 2010 2011
Over Over 6.6% 0.6% 2.8% 5.2%
May
2011
April
2012
5.0% 0.2%
Top 11 Singapore’s Domestic Export destinations in 2011
1) Malaysia 2) PRC 3) HongKong 4) Indonesia 5)United States 6) Panama
7) Australia 8) Japan 9)Taiwan 10)South Korea 11) India
Top 10 Singapore’s Export (Domestic + Re-Export) destinations in 2011
1) Malaysia 2) Hong Kong 3)Indonesia 4)China 5)United States
6) Japan 7) Australia 8) South Korea 9) Taiwan 10) India
Top 10 Singapore’s Import Sources in 2011
1) Malaysia 2) UnitedStates 3)PRC 4) Japan 5) Taiwan 6) SouthKorea
7) Indonesia 8) Saudi Arabia 9) India 10)Thailand

Singapore’s total Trade with India for top 10 items (in thousands S$)
May 2011 May 2012
Imports Exports to Total Imports from Exports to Total Trade
from India India
Trade India
India
1,480,806 740,052 2,220,858 1,128,657 344,095 1,472,752
Principal five global import items of Singapore in May 2012
OTHER PETROLEUM OILS & OILS FROM BITUMINOUS
MINERALS NOT CRUDE & PREPARATIONS NES
CONTAINING BY WEIGHT 70% OR MORE OF
PETROLEUM OILS OR OF OILS OBTAINED FROM
BITUMINOUS MINERALS EXCL THOSE CONTAINING
BIODIESEL & WASTE OILS (HS 271019)
PETROLEUM OILS & OILS FROM BITUMINOUS
MINERALS CRUDE (HS 270900)
OTHER ELECTRONIC INTEGRATED CIRCUITS (HS
854239)
LIGHT OILS & PREPARATIONS CONTAINING BY WEIGHT
70 % OR MORE OF PETROLEUM OILS OR OILS FROM
BITUMINOUS MINERALS (HS 271012)
PROCESSORS & CONTROLLERS CONVERTERS LOGIC
CIRCUITS AMPLIFIERS CLOCK TIMING CIRCUITS OR
OTHER CIRCUITS (HS 854231)
Principal five global domestic export Items of Singapore in May 2012
OTHER PETROLEUM OILS & OILS FROM BITUMINOUS MINERALS
NOT CRUDE & PREPARATIONS NES CONTAINING BY WEIGHT
70% OR MORE OF PETROLEUM OILS OR OF OILS OBTAINED
FROM BITUMINOUS MINERALS EXCL THOSE CONTAINING
BIODIESEL & WASTE OILS (HS 271019)
SHIPS & AIRCRAFT BUNKERS & STORES LOADED ON BOARD FOR
OWN CONSUMPTION (HS 989300)
LIGHT OILS & PREPARATIONS CONTAINING BY WEIGHT 70 % OR
MORE OF PETROLEUM OILS OR OILS FROM BITUMINOUS
MINERALS (HS 271012)
OTHER ELECTRONIC INTEGRATED CIRCUITS (HS 854239)
PARTS & ACCESSORIES OF MACHINES OF 8471 (HS 847330)

Principal five domestic export items of Singapore to India in May 2012
OTHER PETROLEUM OILS & OILS FROM BITUMINOUS MINERALS
NOT CRUDE & PREPARATIONS NES CONTAINING BY WEIGHT
70% OR MORE OF PETROLEUM OILS OR OF OILS OBTAINED
FROM BITUMINOUS MINERALS EXCL THOSE CONTAINING
BIODIESEL & WASTE OILS (HS 271019)
STYRENE (HS 290250)
PARTS & ACCESSORIES OF MACHINES OF 8471 (HS 847330)
SHIPS & AIRCRAFT BUNKERS & STORES LOADED ON BOARD FOR
OWN CONSUMPTION (HS 989300)
P-XYLENE (HS 290243)
Principal five import Items of Singapore from India in May 2012
LIGHT OILS & PREPARATIONS CONTAINING BY WEIGHT
70 % OR MORE OF PETROLEUM OILS OR OILS FROM
BITUMINOUS MINERALS (HS 271012)
OTHER PETROLEUM OILS & OILS FROM BITUMINOUS
MINERALS NOT CRUDE & PREPARATIONS NES
CONTAINING BY WEIGHT 70% OR MORE OF
PETROLEUM OILS OR OF OILS OBTAINED FROM
BITUMINOUS MINERALS EXCL THOSE CONTAINING
BIODIESEL & WASTE OILS (HS 271019)
OTHER MOTOR VEHICLES FOR TRANSPORTING GOODS
WITH COMPRESSION IGNITION INTERNAL
COMBUSTION PISTON ENGINE OF GVW OVER 20T (HS
870423)
OTHER ARTICLES OF JEWELLERY OF OTHER PRECIOUS
METAL (HS 711319)
WORKED NON-INDUSTRIAL DIAMONDS NOT
MOUNTED OR SET (HS 710239)
Monthly trade figures between India and Singapore (in thousands S$)
Trade May 2010 May 2011 May 2012
Total Trade 2,477,086 3,220,463 2,673,227
Sgpr’s Imports 957,352 1,692,081 1,416,486
Sgpr’s Exports# 1,519,734 1,528,382 1,256,741
Sgpr’s Domestic Exports 682,812 651,238 627,043

Sgpr’s Re-Exports 836,922 877,144 629,698
#Total Trade = Imports + Exports, Exports=Domestic Exports+Re-exports
Monthly figures for Singapore’s Global Trade (in thousands S$)
Trade May 2010 May 2011 May 2012
Total Trade# 71,921,817 81,521,460 85,275,715
Sgpr’s Imports 33,300,995 39,265,858 41,627,019
Sgpr’s Exports# 38,620,822 42,255,602 43,648,696
Sgpr’s Domestic Exports 20,140,404 22,849,299 25,150,706
Sgpr’s Re-Exports 18,480,418 19,406,303 18,497,990
Cumulative figures for Singapore’s Global Trade (in thousands S$)
2008 2009 2010 2011
Jan-May
2011
Jan-May
2012
Total global Trade 927,654,759 747,417,400 902,062,584 974,396,345 396,887,687 419,461,520
%change y-o-y 9.57% -19.43% 20.69% 8.02% 10.62% 5.69%
Singapore's Imports 450,892,588 356,299,229 423,221,839 459,655,129 187,466,132 202,016,026
%change y-o-y 13.87% -20.98% 18.78% 8.61% 10.46% 7.76%
Singapore's Exports 476,762,172 391,118,171 478,840,745 514,741,216 209,421,555 217,445,493
%change y-o-y 5.80% -17.96% 22.43% 7.50% 10.76% 3.83%
Sgpr’s Domestic 247,617,959 200,003,141 248,609,828 281,349,653 113,030,098 123,291,865
Exports %change y-o-y 5.41% -19.23% 24.30% 13.17% 15.29% 9.08%
Singapore’s Re- 229,144,213 191,115,030 230,230,917 22.57% 233,391,563 96,391,457 94,153,628
Exports %change y-o-y 6.22% -16.60% 20.47% 1.37% 5.89% -2.32%
Cumulative figures for India and Singapore Bilateral Trade (In thousands S$)
2008 2009 2010 2011
Jan-May
2011
Jan-May
2012
Total Bilateral Trade 28,756,963 21,585,714 30,667,496 35,424,915 15,955,483 14,294,029
%change y-o-y 20.52% -24.94% 42.07% 15.51% 35.40% -10.41%
Singapore's Imports 11,922,381 8,156,459 12,566,133 17,770,934 7,928,488 8,228,551
%change y-o-y 35.26% -31.59% 54.06 % 41.42% 60.61% 3.78% %
Singapore's Exports 16,834,582 13,429,255 18,101,363 17,653,981 8,026,995 6,065,477
%change y-o-y 11.89% -20.23% 34.79% -2.47% 17.22%
%$%
-24.44%
%
Sgpr’s Domestic Exports 7,515,094 5,677,674 7,693,906 8,444,911 3,650,225 2,814,085
%change y-o-y 21.38% -24.45% 35.51% 9.76% 21.26% -22.91%
Singapore’s Re-exports 9,319,488 7,751,581 10,407,457 9,209,070 4,376,770 3,251,393
%change y-o-y
5.25% -16.82% 34.26% -11.51% 14.05% -25.71%
Singapore’s Total Global Trade in May 2012
Singapore’s Total global trade in May 2012 increased by 4.6 % on a year-on-year basis, after
the 1.5% increase in the previous month.
Total exports increased by 3.3%
Total imports increased by 6.0%
Non-oil domestic exports (NODX) increased by 3.2%.
Electronic NODX Increased by 3.9%

Non-electronic NODX expanded by 2.8%
Oil domestic exports increased by 22%
Non-Oil Re-Exports (NORX) increased by 3.3%.
Electronic NORX contracted by -1.4%
Non-electronic Re-Exports increased by 8.4%
ECONOMY
PART II - INTERNAL
Singapore's April PMI contracts despite order growth
Singapore's manufacturing activity contracted in April after two months of expansion, hurt by drops in
employment and order backlogs, the latest Purchasing Manager's Index (PMI) showed.But new orders
and export orders continued to strengthen, indicating the pause could be temporary and a recovery in
manufacturing is still on track. Singapore's PMI stood at 49.7 points in April, down from 50.2 points in
March, as per the Singapore Institute of Purchasing & Materials Management (SIPMM). A reading below
50 indicates a contraction in the sector. A separate PMI for Singapore's important electronics sector
stayed in positive territory for the fourth straight month with an April reading of 51.5, unchanged from
March, SIPMM said. The PMI for electronics has now been in positive territory for three straight months.
Asia's factories have been hit by weak demand in the West, particularly from Europe, although conditions
have begun to improve. The Global Manufacturing Purchasing Managers' Index (PMI), produced by
JPMorgan with research and supply management organisations, rose to 51.4 in April from March's 51.1,
as per a recent report.
Singapore's central bank said earlier that the city-state's economic recovery is likely to be muted with
continued weakness in electronics a drag on growth, painting a less rosy picture of the economy
compared with other forecasters. Singapore's PMI is produced ahead of government data on
manufacturing and exports. Economists who cover Singapore say the PMI does not appear to track
activity in pharmaceuticals, which has been Singapore's fastest-growing manufacturing sector in recent
years.
Singapore's economy grows 1.6% in Q1 2012
The Ministry of Trade and Industry (MTI) announced that the Singapore economy grew by 1.6 per cent on
a year-on-year basis in the first quarter of 2012, compared to 3.6 per cent in the preceding quarter. On a
quarter-on-quarter seasonally-adjusted annualised basis, the economy expanded by 10.0 per cent,
reversing the 2.5 per cent contraction in the previous quarter. The improved growth momentum was
largely attributable to the upturn in the manufacturing sector. The manufacturing sector expanded by an
annualised rate of 19.8 per cent, reversing the 11.1 per cent contraction in the previous quarter. This
turnaround was driven by increased production across all key manufacturing clusters, notably electronics
and precision engineering. Going forward, the recovery in the global economy is viewed to remain fragile
and vulnerable to downside risks. Considerable downsides for the global economy and Singapore's
externally oriented industries may occur if the uncertainty surrounding the Eurozone's political climate and
fiscal outlook materializes. MTI is maintaining the economic growth forecast for 2012 at 1.0 to 3.0 per
cent.
Q1 services sector receipts up 6.8%
BUSINESS receipts in Singapore's services sector grew in the first quarter of 2012, creating a more
positive outlook for the sector compared to manufacturing activity data also released yesterday.
Compared to the corresponding period last year, business receipts for the services sector expanded by
6.8 per cent for the first three months of this year. In comparison with the first quarter of 2011, all services
sectors did well this time around, with health & social services and recreation & personal services
industries chalking up double-digit growth of 13.7 per cent and 11.3 per cent respectively. The showing by

the recreational & personal services industry was in particular noteworthy as its earnings grew
significantly from the 3.9 per cent increase it had recorded in the previous quarter year-on-year.
Business services, excluding real estate, rental & leasing, generated an 8.9 per cent increase in receipts
in the first quarter of 2012, while receipts for transport & storage rose by 8.4 per cent; financial and
insurance by 5.1 per cent; real estate, rental & leasing by 4.7 per cent; information & communications by
4.1 per cent; and education services by 3.3 per cent. Although revenue for the education sector grew the
slowest among all other services sectors during this period, it was a marked improvement from its
showing in the previous quarter when its earnings had contracted by 3.4 per cent year on year.
Despite this, overall growth in business receipts in the services sector in the first quarter of 2012 from the
previous quarter was only marginal at one per cent. On a quarterly basis, services industries which
recorded higher business receipts from the last three months of 2011 included education services at 20.9
per cent, recreation & personal services at 6.2 per cent, health & social services at 5.9 per cent, financial
& insurance at 5.1 per cent and information & communications at a modest 1.4 per cent. Sectors that
declined in receipts compared to the previous quarter were business services, excluding real estate,
rental & leasing, by 6 per cent, transport & storage services by 2.4 per cent and real estate, rental &
leasing services by 2 per cent.
Trade Ministry keeps to forecast of 1-3% growth
The risks of slower growth have intensified with another flare-up of the eurozone debt crisis, the Ministry
of Trade and Industry (MTI) said , as it stuck to its forecast that Singapore will grow one to 3 per cent this
year. Despite a good first quarter, the authorities "remain cautious" about Singapore's growth outlook as
talk of a possible Greek exit from the eurozone fans fears of a disorderly sovereign debt default. Signs of
fragility in the US recovery and lacklustre export growth in Asia add to that external uncertainty too, MTI
permanent secretary Ow Foong Pheng said. The Singapore economy grew 1.6 per cent in Q1 from a
year ago, below the consensus market forecast of 1.8 per cent but in line with April's advance estimates.
Manufacturing anchored the pick-up in growth momentum. The economy grew 10 per cent quarter-onquarter
in seasonally adjusted, annualised terms, reversing Q4's 2.5 per cent contraction. The 19.8 per
cent q-o-q rise in industrial production beat advance estimates and reversed an 11.1 per cent drop in Q4,
with notable jumps in electronics and precision engineering output. Construction too, outdid advance
estimates to grow 32.1 per cent sequentially. But services grew 4 per cent in sequential terms, less than
advance estimates suggested. Wholesale and retail trade shrank, while sluggishness in fund
management activities led to a sequential contraction in the finance and insurance sector for a second
straight quarter. Economists, whose forecasts mostly surpass or fill the top-end of the official forecast
range, believe that positive growth momentum will hold up - for several reasons. The official composite
leading index, which correlates with GDP performance of the next quarter, rose a stronger 2.9 per cent in
seasonally adjusted quarter-on-quarter terms in Q1, up from 1.2 per cent in Q4. IE Singapore also
reported a better-than-expected rise in April's non-oil domestic exports. While pencilling in gradual
improvements in growth, some economists are now more cautious too. Developments in Spain, which slid
back into recession yesterday, are also being watched closely, Mrs Ow added. Maybank economist
Saktiandi Supaat's 3 per cent growth forecast does not account for a Greek default and, in fact, assumes
faster exports growth in the second half on the back of some recovery in the eurozone core. But recovery
there and elsewhere looks shaky, MTI said. As the drama over Greece unfolds, ongoing fiscal austerity
and bank deleveraging will keep eurozone demand sluggish. US employment growth appears to be losing
momentum and, this being an election year, an uncertain fiscal outlook may hit business confidence and
investment, Mrs Ow said. These external headwinds mean Asia's exports are likely to suffer too, despite
rising domestic demand, she added.
Inflation to stay around 5%, taper off in H2
Inflation is tipped to stay around 5.0 per cent in the next few months before reducing in the second half of
the year to bring the rate to 3.5-4.5 per cent for 2012, Trade and Industry Minister Lim Hng Kiang
said.The Consumer Price Index (CPI) hit a 5.2 per cent high in March and 4.9 per cent for the first three
months of the year. Mr Lim said the increase in prices in the coming months will in any case not hit

consumers hard because imputed rentals on owner-occupied accommodation and car prices are likely to
be the two biggest contributors to the hike in the CPI. Together, the increase in rentals and COE
(Certificate of Entitlement) premiums for vehicles are expected to account for over half of this year's
inflation. The Monetary Authority of Singapore has tightened further its monetary policy stance through a
stronger Singapore dollar to keep imported inflation in check and to ease external demand for Singapore
exports. So steps have been taken to cool the property market and to raise productivity. The government
will also be looking at ways to ease the Certificate of Entitlement supply. Mr Lim said the government will
also soften the impact of the rising cost of living through cash grants.
EMPLOYMENT
Jobless rate inches up to 2.1% in March
AFTER hitting a 14-year low of 2 per cent in December, the unemployment rate unexpectedly crept up in
March to 2.1 per cent, according to the latest employment figures released by the Ministry of Manpower.
The number of jobs created fell to 27,400 in the first three months of the year, from a seasonal high of
37,600 in the final quarter of 2011 and 28,300 in the first quarter of last year, says the Employment
Situation First Quarter 2012 report. Economists in the private sector had expected the jobless rate to stay
unchanged at 2 per cent. The higher unemployment rate and lower employment creation led many to
conclude that the tight market has finally begun to ease.
While ongoing tightening of foreign worker inflows may have played a part in the jobs slowdown, a
slowdown in demand for labour may have been the dominant factor. The good news is that the number of
workers made redundant, including those laid off, came down to 2,700 after hitting 3,250 in the December
quarter. The new figure is closer to the 2,750 displaced in the first quarter of 2011.
With the unemployment rate at 2.1 per cent, Singapore is still in a full-employment situation - and better
off than most countries.
Construction still posted a strong increase of 800 jobs in the first quarter. Manufacturing jobs dipped 500,
but the losses have eased from the 1,400 recorded in the previous quarter. Manufacturing also
retrenched fewer workers (800) in the first quarter, after a big cutback in the fourth quarter (1,660) of
2011. This more than offset the increases in layoffs in services (from 1,360 to 1,600) and construction
(from 240 to 300). The jobless rate for residents rose from 2.9 per cent in December 2011 to 3 per cent in
March, while the rate for citizens went up from 3 per cent to 3.2 per cent. "Even with the increase, the
rates were still substantially lower than the high of 3.3 per cent overall and 4.9 per cent for residents and
citizens experiences in September 2009 during the last recession," the Ministry of Manpower says in its
report.
MANUFACTURING
Manufacturing sentiment positive for April-Sept: poll
AFTER a slow first quarter, Singapore manufacturers expect business conditions to improve but service
providers are less upbeat on the outlook for April to September 2012. Some 19 per cent of the 414
manufacturing establishments surveyed, weighted by output and employment, foresee an improved
outlook in the next six months of 2012. On the other hand, 4 per cent expect a deterioration in business
conditions here, resulting in a net weighted balance of 15 per cent of manufacturers upbeat on conditions
improving during this period. This is a vast improvement in sentiment from the previous quarter where 11
per cent of manufacturers projected a deterioration in the business outlook. The positive business
sentiment, as indicated by the Economic Development Board's (EDB) latest quarterly poll, is broad-based
with all manufacturing clusters expecting better business conditions. The electronics sector is most
upbeat, with a net weighted balance of 30 per cent projecting an improved business climate. It is led by
the semiconductor segment, which sees stronger chip demand as inventory levels are revised
downwards, EDB said.
The general manufacturing sector is also optimistic with a net weighted balance of 19 per cent indicating
an improving environment. This was buoyed by an expected increase in demand from the construction
sector, according to EDB, which provided reason for optimism for the other manufacturing industries

cluster in particular. Similarly, some 9 per cent of firms in each of the precision engineering and chemical
clusters project an improvement, with semiconductor equipment, bonding wire and connector makers the
most optimistic within precision engineering. Firms in the chemical cluster expressed cautious optimism,
however, as they are mindful of possible margin erosions due to high raw materials prices. The overall
optimism is reflected in expectations for output and employment. Compared to Q1, a net weighted
balance of 22 per cent expect output to increase in Q2 while a net weighted balance of 8 per cent plan to
increase employment in the next three months. While a weighted 45 per cent reported no constraints in
obtaining direct export orders in Q2, a weighted 47 per cent that indicated export constraints cited price
competition from overseas competitors and economic and political conditions abroad as the most
important limiting factors. Within the services sector, the 1,500 firms surveyed seem less upbeat across
sectors, with only a net weighted 6 per cent seeing better prospects. While a weighted 21 per cent predict
a better business outlook and a weighted 15 per cent expect the opposite, the majority expect the
business situation to remain unchanged, the Department of Statistics said. Firms in the recreation,
community & personal services industry are the most optimistic, with a net weighted balance of 26 per
cent of firms reporting a positive business outlook, with firms in the accommodation, wholesale trade and
information & communications also being significantly upbeat. Firms in the real estate industry are
generally cautious while the retail trade expressed significant pessimism, with retailers of motor vehicles,
in particular, expect the reduced Certificate of Entitlement quota to hit business. Overall, a net weighted
balance of 9 per cent of firms in the services sector predicts higher employment for the second quarter
2012, indicating that the sector will still be hiring during this period.
AVIATION
Changi Airport passenger traffic up 12.7% in April
Singapore Changi Airport (Changi) announced an increase in April passenger traffic to 4.21 million, up
12.7 per cent from 3.73 million a year ago. Passenger traffic improved year-on-year across all regions
with routes to and from the Middle East, South Asia, Northeast Asia and Southeast Asia achieving strong
results. Commercial aircraft movements increased correspondingly by 8.8 per cent to 26,410 movements,
from 24,266 movements a year ago. Due to the current downturn faced by most export markets around
the world, Changi handled a 4.9 per cent decrease in cargo volume to 148,243 tonnes, compared to
155,812 tonnes a year ago.
In the same media release, Changi announced a new shuttle bus service to terminal 3 from the Bedok
MRT bus stop every weekend and during public holidays. This is in addition to the shuttle service that
connects the airport to Sengkang MRT station also on weekends and public holidays.
TRADE & INVESTMENT
Update: Singapore April export rise hides weak regional outlook
Singapore exports rose more than expected in April due to a surge in pharmaceuticals but softness in
electronics, a mainstay of manufacturing in many Asian economies, points to a likely slowdown in
regional growth as China's economy cools. In Singapore, electronics account for about one-third of its
exports of domestically produced goods excluding oil. The city-state said its non-oil domestic exports
grew 8.3 per cent in April from a year ago, beating the consensus forecast of 6.9 per cent growth and
turning around from March's 4.3 per cent year-on-year contraction. Electronics, however, grew by just 1
per cent last month, while electronics re-exports - an indicator of regional trade flows - shrank 5.2 per cent
year-on-year following a 5.5 per cent decline in March. Singapore is one of the world's largest
transhipment centres and many of the region's products are moved to Singapore before they are shipped
further afield.

URA signs urban planning MOU with Abu Dhabi
PART III - EXTERNAL
The Urban Redevelopment Authority (URA) has signed a memorandum of understanding with the Abu
Dhabi Urban Planning Council (UPC) to formalise co-operation in the areas of land use and urban
planning. Under the agreement, the two agencies will organise mutual visits, training courses and staff
exchange programmes to facilitate the sharing of ideas, best practices and experiences in urban planning
and development. The MOU also covers organising forums that will provide opportunities for private
sector companies in Singapore to participate in sharing and networking sessions with key stakeholders of
the planning and development industry in Abu Dhabi. The MOU follows an official visit by the UPC to
URA in February this year and a reciprocal visit by URA to the Abu Dhabi planning authority recently.
Singapore signs air service deal with Colombia
Under the ASA, airlines of both Singapore and Colombia will have the flexibility to operate any number of
direct passenger services between both countries. In addition, both countries' airlines can also operate,
under certain restrictions, up to seven weekly passenger services and seven weekly cargo services
between and beyond both countries. The ASA was signed by Singapore's Acting Minister for Foreign
Affairs and Minister for Transport, Lui Tuck Yew, and Colombia's Minister of Foreign Affairs, María Ángela
Holguín Cuéllar, at the sidelines of Colombian President Juan Manuel Santos Calderón's State Visit to
Singapore from 6 to 8 May 2012.
Singapore and Bogota to share transport know-how
Singapore will share its traffic management experience and know-how with Bogotá. Under a
Memorandum of Understanding (MOU) signed in the Colombian capital, by the International Enterprise
(IE) Singapore and the Ministry of Transport of the Republic of Colombia, a study will be conducted to
improve the integration and efficiency of Bogotá's transport system amid rapid urbanisation. Colombia's
Minister of Transportation Germán Cardona Gutiérrez said the MOU would tap Singapore's experience in
building an efficient transport system despite limited land resources. " A team of transportation experts
from Singapore will examine traffic conditions in the Colombian capital and devise a Traffic Demand
Management (TDM) action plan. At the end of the study, they will recommend policies, infrastructure
development and TDM strategies. Bogotá has received international recognition for the transformation of
the city's transport network, which started in the mid-1990s. Since 2005, governments from at least 200
cities have visited the city to learn about its transportation initiatives. One of its initiatives is the
introduction of the Bus Rapid Transit Systems, the only large transportation project with approval by the
United Nations to generate and sell carbon credits.
S'pore, China set up services work group
Underscoring close economic relations, China and Singapore will now explore the setting up of a new
work group to facilitate collaboration in the services sector. This agreement emerged from the third
Singapore-China Investment Promotion Committee (IPC) Meeting which was chaired by Singapore's
Minister for Trade and Industry Lim Hng Kiang and China's Minister of Commerce Chen Deming.
At the Beijing meeting, both ministers also discussed ways to further cooperation, specifically in the area
of trade in services, and facilitating Chinese enterprises to internationalise their businesses through
Singapore. Singapore, too, is keen to participate in China's growing services sectors such as health care
and education. Singapore and China enjoy strong bilateral economic relations. In 2011, bilateral trade
grew 6.4 per cent from the year before to reach $101.4 billion. Trade in services export has grown
significantly in recent years. Currently, China is Singapore's third largest services export destination by
country, and a fast growing one. Export of services to China increased by nearly five times over the last
decade from $1.3 billion in 2001 to $7.4 billion in 2010. Key sectors include transportation services,
financial and insurance, and business services. During the IPC meeting, Singapore and China also

discussed the upcoming review of the China-Singapore Free Trade Agreement (CSFTA) in June, to
further improve its quality and smoothen its implementation.
SBF inks MOU with Sri Lanka business community
The Singapore Business Federation (SBF) signed a memorandum of understanding with the Sri Lanka
Singapore Business Council of the Ceylon Chamber of Commerce (SLSBC), to promote the development
of closer trade and economic relations. This follows the MOU signed between SBF and Sri Lanka Board
of Investment in February, aimed to deepen collaboration between the private sectors and strengthen
institutional relations between both countries.
Asean+3 set to double swap fund size
CHINA, South Korea, Japan and the 10 members of the Association of Southeast Asian Nations (Asean)
are expected to announce an agreement on doubling the size of their regional currency swap deal to
US$240 billion. The finance ministers and central bank governors of these 13 countries met in Manila for
a meeting, at the end of which they are likely to release a joint statement approving an earlier proposal by
their deputies to increase the Chiang Mai Initiative Multilateralisation (CMIM) fund. The fund - launched
two years ago in an attempt to avoid a repeat of the kind of liquidity crisis that struck South-east Asia in
1998 - currently stands at US$120 billion. Singapore will be represented by Deputy Prime Minister and
Finance Minister Tharman Shanmugaratnam, according to a joint statement yesterday from the Ministry
of Finance and the Monetary Authority of Singapore (MAS). Collectively known as the Asean+3, the 13
countries are also expected to agree on making themselves less dependent on larger entities such as the
International Monetary Fund (IMF), according to a Dow Jones report that quoted portions of a draft of the
joint statement.
The plan is to increase the amount that each country can tap for support to 30 per cent this year, up from
20 per cent currently, without having to have a parallel aid package in place from the IMF. Asian
Development Bank president Haruhiko Kuroda said that he believed the worst of the eurozone debt crisis
was over, adding that he did not expect any serious impact on Asian economies from Europe's financial
problems in the near future. Therefore, he said that assistance measures for Asia such as the CMIM and
the Asian Development Fund were "sufficient" to help Asian economies cope for the time being.
PART IV BILATERAL
Telenor may leave India as fee spat spurs write-off
Telenor says it may have to exit India, the world's second-largest mobile market, after the country's
telecommunications regulator proposed an 11-fold increase in licence fees. Fornebu, Norway-based
Telenor will write down its remaining fixed and intangible assets in India amounting to 3.9 billion kroner
(S$840 million) as a "precautionary measure", the company, the Nordic region's biggest phone operator,
said in a separate statement. At stake is Telenor's 140 billion rupee (S$3.2 billion) investment in India,
and the fate of its more than 40 million customers. Investors have called on Telenor to pull out of the
country. Telenor's licences in India were cancelled in February, and the regulator later recommended
reauctioning the spectrum at higher prices.
West Bengal rolls out schemes to woo S'pore investments
Underlining the appeal of Singapore in India, the state of West Bengal is courting more businesses and
investments from here.

West Bengal's Minister for Industries Partha Chatterjee invited companies from Singapore to invest in
infrastructure, information communication & technology, textile, engineering, energy, biotechnology,
banking & finance and agro-food processing in his state.
He said that his government has come up with several schemes to make it more attractive for
Singaporean businesses to consider the state as an investment destination. He added that because of its
location, the state is an entry point to markets in South-east Asia. The minister also stressed that the
state government has introduced several initiatives in the last one year to provide a streamlined, focused,
hassle-free and modern business environment. These include the "Shilpa Bandhu" or the State
Investment Facilitation Centre (SIFC) as the nodal agency for single-window clearances in West Bengal.
He called on the Singapore business community to look at West Bengal as the next investment
destination.
Bharti close to buying Qualcomm unit: sources
Qualcomm Inc is asking Bharti Airtel Ltd, India's largest mobile-phone operator, to pay about 50 billion
rupees (S$1.16 billion) for its Indian unit as the two companies seek to conclude talks in the next two
weeks, according to two people with knowledge of the matter. Bharti may purchase the unit in instalments
over two years, the people said, declining to be identified as the details are private. Under the plan, Bharti
would initially purchase a 26 per cent stake in the unit, currently held by Tulip Telecom Ltd and Global
Holding Corp, and Qualcomm will own 51 per cent of the division for at least two years after that.
Qualcomm, the biggest maker of mobile-phone chips, bought frequency licences in cities including New
Delhi and Mumbai in June 2010, paying 49.1 billion rupees for spectrum that allows handset users to
download video at greater speeds. The San Diego, California-based company was allocated spectrum
this month, two years after paying for the airwaves, people with knowledge of the matter said on May 8.
Mobile-phone operators in India including Bharti Airtel and Vodafone Group Plc are trying to boost
revenue by selling services such as video streaming as incomes rise. The number of smartphones sold in
India almost doubled last year to 11 million, according to data compiled by Bloomberg. Tulip Telecom and
Global Holding paid 1.4 billion rupees each for their 13 per cent stakes in Qualcomm's Indian unit in 2010.
Qualcomm owns the remaining 74 per cent.
ST Kinetics files writ petition against Indian authorities to challenge ban
After being blacklisted from conducting any business with the defence authorities in India, Singapore
Technologies Kinetics has hit back. It filed a writ petition in the High Court of Delhi against the Indian
Ministry of Defence (MoD) and the Indian Ordnance Factory Board (OFB), challenging the ban.
In a statement issued on the Singapore Exchange website, ST Kinetics, the land systems and specialty
vehicles arm of Singapore Technologies Engineering, said the writ petition seeks, among other things, the
quashing of the debarment order issued by OFB. As announced in March, the debarment order dated
March 5 this year ordered "the cancellation of all agreements" with ST Kinetics, specifically a Non-
Disclosure Agreement signed on Aug 11, 2008, with the OFB, and debarred ST Kinetics from entering
into any contract with the OFB for a period of 10 years. On March 12, the OFB clarified that, instead of
being debarred from entering into any contract with the OFB for a period of 10 years, ST Kinetics would
be debarred from further business dealings with the OFB for a period of 10 years. In response to this, ST
Kinetics had filed a petition in the Supreme Court of India to refer to arbitration a show cause notice dated
Feb 4, 2011, issued by the OFB to ST Kinetics, which the company said is listed for hearing on Aug 13,
2012. The company explained that, according to Indian counsel, in light of the debarment order and the
new writ petition, the arbitration petition has now become irrelevant. This is because ST Kinetics will now
pursue its remedies with regard to the debarment order under the writ petition, and therefore the company
said in its statement that it will be withdrawing the arbitration petition due to its irrelevance. In a BT report
in March, ST Kinetics had expressed concern over the fairness of the legal process after it was implicated
in a corruption case involving a high-ranking Indian official. This eventually saw the company receiving a
disbarment order from doing business with the Ordnance Factory Board (OFB). ST Kinetics was
blacklisted following initial investigations conducted by India's Criminal Bureau of Investigation (CBI),
which was probing Sudipta Ghosh, the former director-general of OFB, over the award of defence

contracts. Ghosh has since been charged with corruption. No charges have been levelled against ST
Kinetics, but it found itself being barred from doing business with OFB according to the official order then.
The company reiterated in its statement yesterday that it has never won any defence contracts in India
and that this development has no impact on ST Kinetics' defence business as India has not been a
market for its defence export sales.
Annexures to MCR for the Month of May, 2012
1. Trade enquiries received from Singapore (Annexure I)
2. Trade enquiries received from India (Annexure II to IIA)
3. Summary of India-Singapore Trade: Monthly trends
4. Singapore’s Total Global Trade (Top 10 Products)
5. Singapore Global Imports (Top 10 Products)
6. Singapore Global Exports (Top 10 Products)
7. Singapore’s Imports from India (Top 10 Products)
8. Singapore’s Exports to India (Top 10 Products)

Annexure 1
Singapore
….
Trade enquiries from Singapore for the month of May, 2012
……..
S.No. Nature of Enquiry No. of Enquiries
1 Set up Branch Office in India (Logistics
Business)
1
Mr H K Tan
Morrison Express Logistics Pte Ltd
7 Airline Road #04-09 Cargo Agents
Building E, Singapore 819834
Tel: 65456233
Mobile: 65-96990444
Email: hiongkuang_tan@morrisonexpress.com
2 Others (investment, PAN, customs duties, setting up
company, etc.)
60
Total 61

Annexure II
Singapore
Trade Enquiries received from India May 2012
S.No Products Sector Code
No. of
Enquiries
1 Business Chambers/Trade
Associations
2 Agricultural & Allied 18
3 Marine
4 Metals, Ores & Minerals/Stones 4
5 Leather & Manufacturers 2
6 Gems & Jewellery 5
7 Sports Goods
8 Chemicals & Pharmaceuticals 4
9 Engineering Goods 2
10 Electronics & Computers ( IT ) 2
11 Building Material 2
12 Textiles 6
13 Handicrafts/Gifts 5
14 Carpets
15 Stationery & Paper Products 2
16 Others 26
17 Telephonic Enquiries 250

Total No of Enquiries 328
Annexure II A
Enquiries for the Month of May 2012
S.no Company Details Products Under Offer for Exports
1 Mr. Kushal Tanwar Paper Products
PUGMARK PRINTWORX PVT. LTD.
New Delhi, India
Email: 'kushaltanwar@pugmark.org.in'
2 Mr. Kushal Tanwar Gift Items
PUGMARK PRINTWORX PVT. LTD.
New Delhi, India
Email: 'kushaltanwar@pugmark.org.in'
3 Mr. Kushal Tanwar Printing Companies
PUGMARK PRINTWORX PVT. LTD.
New Delhi, India
Email: 'kushaltanwar@pugmark.org.in'
4 Email: 'madhurakali25@yahoo.in' Organic Products
5 Email: 'madhurakali25@yahoo.in' Fresh Fruis & Vegetables
6 Email: 'madhurakali25@yahoo.in' Spices
7 Mr. Kamlesh Khambhatta Pharmaceutical Machinery
Sonus International
Ahmedabad-6, India
Email; info@sonus.in
8 NeoTex Spinning Pvt Ltd Polyester Yarn
Gandhinagar-7 (Gujarat), India
Email:
'aashaka@neoagrofoodsexports.com'

9 NeoTex Spinning Pvt Ltd Spices, Pulses
Gandhinagar-7 (Gujarat), India
Email:
'aashaka@neoagrofoodsexports.com'
10 NeoTex Spinning Pvt Ltd Indian Grocery Items
Gandhinagar-7 (Gujarat), India
Email:
'aashaka@neoagrofoodsexports.com'
11 Ms. Sanghvi Agro Commodities
VIBGYOR AGRO COMMODITIES
Email; 'peanuts@vibgyoragro.com'
12 Mr. Pradeep Kumar Natural Stones
Smartstone Private Limited
Email;'pradeep@smartstoneindia.net'
13 Mr. Abbas A Kassim Agri Commodities
EmaiL; 'abbas_kassim2000@yahoo.com'
14 K P Group of Companies Pesticide, Fungicide
Ahmedabad-15 (Gujarat), India
Email; 'kk.p.office@gmail.com'
15 K P Group of Companies Dyes
Ahmedabad-15 (Gujarat), India
Email; 'kk.p.office@gmail.com'
16 Mr. Hari Textiles, Garments
GODAVARI VILLAGE CRAFTS
Andhra Pradesh, India
Email: 'challahari@rediffmail.com'
17 Mr. Hari Fashion Accessories
GODAVARI VILLAGE CRAFTS
Andhra Pradesh, India
Email: 'challahari@rediffmail.com'
18 Email; 'hicureindia@yahoo.com' Personal & Health Care Products
19 Mr. Shishir Kothari Plastic Closures
Cap & Seal (Indore) Pvt. Ltd.
Indore-1 (Madhya Pradesh), India

Email: 'shishir@capandseal.com'
20 Mr. Joe Fresh Fruits & Vegetables
Aruns International
Trichy (Tamil Nadu), India
Email; joeindia16@gmail.com
21 Mr. Joe Flowers
Aruns International
Trichy (Tamil Nadu), India
Email; joeindia16@gmail.com
22 Mr. Selva RJ Handicrafts
Shine International
Email; smeshine@gmail.com
23 Mr. Selva RJ Coconut Products
Shine International
Email; smeshine@gmail.com
24 Mr. Selva RJ Knitted Garments
Shine International
Email; smeshine@gmail.com
25 Mr. Selva RJ Spices
Shine International
Email; smeshine@gmail.com
26 Mr. Selva RJ Candles
Shine International
Email; smeshine@gmail.com
27 Mr. S.M.MUSHTHAQ AHMED Agri & Leather Goods
Email; 'starexports786@yahoo.com'
28 Email; 'sbossexports@yahoo.in' Agri Goods
29 Mr. K M Jha Alcoholic Beverages
Bhopal-21, India
Email; 'jhakm@somindia.in'
30 Mr. Dhaval Hiarapara Auto Parts
Noble Impex

Rajkot-2 (Gujarat), India
Email; nobleimpex88@gmail.com
31 Email; 'jaggiexim@gmail.com' Agri Goods
32 Email; 'jaggiexim@gmail.com' Jute Bags
33 Mrs. Archana Garments
Email; 'twinsexports2012@yahoo.com'
34 Mr. Vinayak Rajpurohit Fabrics
SONALE FABRICS PVT. LTD
Email: 'sonalefabrics@yahoo.com'
35 Mr. Vishal Tiwari Pharmaceuticals
Elder Pharmaceuticals Ltd
Email; vishaltiwari@elderindia.com
36 Mr. Vishal Tiwari Personal & Health Care Products
Elder Pharmaceuticals Ltd
Email; vishaltiwari@elderindia.com
37 Mr. John Jute Bags
FLYMAX EXIM
Ahmedabad-6, India
Email: export@flymaxexim.com
38 Mr. Nilesh Mehta Auto Parts
Maruti International
Email: export@marutiinternational.in
39 Ms. Neha Gohar Fasteners
Canco Fasteners
New Delhi-29, India
Email: nehagohar@hotmail.com
40 Email; 'redocean008@aol.in' Fresh Fruits & Vegetables
41 Mr. J P Gupta Wines
Nirvana Biosys
Email; 'pankaj@nirvanabiosys.com'
42 Mr. Devaraju Fresh Onions & Potatoes

Dev International
Coimbatore, India
Email: info@dev-international.in
43 Rk Exports Fresh Fruits & Vegetables
Coimbatore, India
Email: 'rkexports2012@gmail.com'
44 Mr. Kailash Chand Soni Jewellery
Best Gems
Jaipur-2, India
Email: bestgemsjaipur@gmail.com
45 Leela Mony Bicycles
Eastman Industries Ltd
Ludhiana (Punjab), India
Email: leela@eastmanglobal.com
46 Mr. Agilam Jeyabalen Handicrafts & Textiles
EmaiL; 'airnets@sify.com'
47 Mr. Agilam Jeyabalen Indian Grocery Items
EmaiL; 'airnets@sify.com'
48 Mantra M Kansara Fresh Fruits & Vegetables, Rice, Wheat Flour
Mukrash Exims
Ahmedabad, India
Email: exim.mukrash@gmail.com
49 Mr. Mahalingam Edible Oil
Email: 'aglobalconnector@gmail.com'
50 Mr. Vijaya Baskaran Indian Grocery Items
Siva Exports
Madurai-9, India
Email; sivaexportsindia@gmail.com
51 Ms. Arpita Maheshwari Dried Fruits & Vegetables
Shreeji Protein & Shreeji Dehydrates
Exports
Email: 'sales@shreejiprotein.com'
52 Mr. V Ganesan Spices

Email; 'akilinternational@yahoo.com'
53 Mr. Shashwat Devbrat Rapeseed Oil, Canola Oil & other Edible Oil
iValue Consulting Pvt. Ltd.
Gurgaon-2 (Haryana), India
Email;sdevbrat@ivalueconsulting.com
54 Nensi Khatri Textiles, Garments & Apparels
Veer Import & Export
Email: nensi.maniyar@gmail.com
55 Vave globals Gift Items & Handicrafts
Email; 'vaveglobals@gmail.com'
56 Mr. A Srinivasan Stationery Products
Chennai-8 (Tamil Nadu), India
Email; 'asvimpex.2012@gmail.com'
57 Mr. A Srinivasan Building Material
Chennai-8 (Tamil Nadu), India
Email; 'asvimpex.2012@gmail.com'
58 Mr. A Srinivasan Spices
Chennai-8 (Tamil Nadu), India
Email; 'asvimpex.2012@gmail.com'
59 Mr. G Jayaraman Auto Parts
New Allenberry Works
Faridabad-1211003, India
Email; gj@nawgears.com
60 Sunita Exports Agri Products
Mumbai-92, India
Email: 'sunitaexports@yahoo.in'
61 Sunita Exports Veterinary Products
Mumbai-92, India
Email: 'sunitaexports@yahoo.in'
62 Mr S K Jain Surgical & Medical Products
Shree Shantinath industries
Ambala Cantt-1, India
Email: 'skj22678@gmail.com'

63 Mr. Sivankutty Organic Fertilizer
NATIONAL ORGANIC FERTILIZER
Ahmedabad-54 (Gujarat), India
Email; export@noforganic.com
64 Mr. Arun Kumar Yarn & Fabrics
TT Limited
New Delhi, India
Email; 'arunsharma@tttextiles.com'
65 Mr. K S Shashidhar Incense Sticks
Email: indialinguistic@live.com
66 Mr. Abhishek Mishra Processed Food
Swapna Overseas
Ahmedabad, India
Email: 'abh.iiftr@gmail.com'
67 Email; 'exports@anjalifoods.com' Agri Products (Rice,Pulses,Spices,Pickles)
68 Mr. Sudhir Bhilar Metal Products(Steel Pipes & Rods)
Email; 'sudhirbhilar@gmail.com'
69 Mr. Sudhir Bhilar Agri Commodities
Email; 'sudhirbhilar@gmail.com'
70 Mr. B Naik Handicrafts
Email; 'sanjeev@mozartexports.com'
71 Mr. Vipul Fresh Fruits,Vegetables,Spices
PRACHI EXPORTS
Ahmedabad-81, India
Email; 'prachiexports0407@gmail.com'
72 Ms. Heena Deshpande Spices, Sugar, Oil seeds
AgriLink - India
Mumbai-63, India
Email: heena@agrilinkindia.com
73 Ms. Heena Deshpande Raw Cotton
AgriLink - India
Mumbai-63, India

Email: heena@agrilinkindia.com
74 Ms. Heena Deshpande Dried Fruits & Vegetables
AgriLink - India
Mumbai-63, India
Email: heena@agrilinkindia.com
75 Mr. Manish Auto Electric Parts
Email; manish@latlmkt.com
76 Mrs. Bharti More Herbal care products
RESHLON COSMETICS (P) LTD
Thane-2, India
Email; rekha@reshlon.com
77 Mrs. Bharti More Beauty Products
RESHLON COSMETICS (P) LTD
Thane-2, India
Email; rekha@reshlon.com
78 Dr. Arvind Aggarwal Metal scrap
Email: esb080652@gmail.com

ANNEXURE III
India-Singapore Trade-Monthly Trends
(Value in S$ Millions)
India-Singapore Trade
March
2012
April
2012
May
2012
Total Trade (% Change)
2,770
(-16.17%)
2,652
(-4.26%)
2,673(+1%)
India’s Exports to Singapore (% Change)
1,501 (-30.03%)
1,421
(-5.33%)
1,416(-1%)
India’s Imports from Singapore (%
Change)
1,269(+9.49%)
1,230
(-3.08%)
1,528(+25%)
Singapore’s Domestic Exports (%
Change)
622(+21.25%)
562
(-9.65%)
627(+12%)
Singapore’s Re-Exports (% Change)
647(+0.16%) 667
(+3.10%)
629(-6%)

Annexure-IV
Singapore’s Total Global Trade (Top 10 Products)
(Value in S$ Millions)
Product
May
2010
May
2011
May
2012
1
OTHER PETROLEUM OILS & OILS FROM BITUMINOUS
MINERALS NOT CRUDE & PREPARATIONS NES CONTAINING
BY WEIGHT 70% OR MORE OF PETROLEUM OILS OR OF OILS
OBTAINED FROM BITUMINOUS MINERALS EXCL THOSE
CONTAINING BIODIESEL & WASTE OILS (HS 271019)
8,204 12,864 12,744
2
OTHER ELECTRONIC INTEGRATED CIRCUITS (HS 854239) 8,772 7,407 7,293
3
PETROLEUM OILS & OILS FROM BITUMINOUS MINERALS
CRUDE (HS 270900)
2,061 3,975 4,729
4
LIGHT OILS & PREPARATIONS CONTAINING BY WEIGHT 70 %
OR MORE OF PETROLEUM OILS OR OILS FROM BITUMINOUS
MINERALS (HS 271012)
3,654 4,089 4,338
5
PROCESSORS & CONTROLLERS CONVERTERS LOGIC CIRCUITS
AMPLIFIERS CLOCK TIMING CIRCUITS OR OTHER CIRCUITS
(HS 854231)
3,014 3,682 3,974
6
SHIPS & AIRCRAFT BUNKERS & STORES LOADED ON BOARD
FOR OWN CONSUMPTION (HS 989300)
2,557 3,140 3,632
7
PARTS & ACCESSORIES OF MACHINES OF 8471 (HS 847330) 2,195 1,807 1,619
8
TELEPHONES FOR CELLULAR NETWORKS OR FOR OTHER
WIRELESS NETWORKS (HS 851712)
833 1,168 1,181
9
OTHER PARTS OF AEROPLANES OR HELICOPTERS (HS
880330)
906 968 1,136
10
OTHER PARTS & ACCESSORIES OF PRINTING MACHINERY &
PRINTERS COPYING & FACSIMILE MACHINES (HS 844399)
1,054 1,072 1,001

TOTAL FOR THE ABOVE
33,250 40,172 41,647
TOTAL FOR OTHER PRODUCTS
15,907 17,488 17,640
GRAND TOTAL
49,157 57,660 59,287
Annexure-V
Singapore’s Global Imports (Top 10 Products)
(Value in S$ Millions)
Product
May
2010
May
2011
May
2012
1
OTHER PETROLEUM OILS & OILS FROM BITUMINOUS
MINERALS NOT CRUDE & PREPARATIONS NES
CONTAINING BY WEIGHT 70% OR MORE OF
PETROLEUM OILS OR OF OILS OBTAINED FROM
BITUMINOUS MINERALS EXCL THOSE CONTAINING
BIODIESEL & WASTE OILS (HS 271019)
4,149 6,906 7,248
2
PETROLEUM OILS & OILS FROM BITUMINOUS
MINERALS CRUDE (HS 270900)
2,061 3,974 4,729
3
OTHER ELECTRONIC INTEGRATED CIRCUITS (HS 854239) 4,451 3,777 3,854
4
LIGHT OILS & PREPARATIONS CONTAINING BY WEIGHT
70 % OR MORE OF PETROLEUM OILS OR OILS FROM
BITUMINOUS MINERALS (HS 271012)
1,569 1,836 1,821
5
PROCESSORS & CONTROLLERS CONVERTERS LOGIC
CIRCUITS AMPLIFIERS CLOCK TIMING CIRCUITS OR
OTHER CIRCUITS (HS 854231)
923 854 969
6
TELEPHONES FOR CELLULAR NETWORKS OR FOR
OTHER WIRELESS NETWORKS (HS 851712)
493 763 679
7
PARTS & ACCESSORIES OF MACHINES OF 8471 (HS
847330)
825 693 655

8
NATURAL GAS (HS 271121) ----- 522 617
9
OTHER PARTS OF AEROPLANES OR HELICOPTERS (HS
880330)
420 452 569
10
PARTS OF TURBO JETS OR TURBO-PROPELLERS (HS
841191)
262 319 549
TOTAL FOR THE ABOVE
15,153 20,096 21,690
TOTAL FOR OTHER PRODUCTS 8,335 8,712 8,945
GRAND TOTAL
23,488 28,808 30,635
Annexure-VI
Singapore’s Global Exports (Top 10 Products)
Product
May
2010
May
2011
(Value in S$ Millions)
May
2012
1
OTHER PETROLEUM OILS & OILS FROM BITUMINOUS
MINERALS NOT CRUDE & PREPARATIONS NES
CONTAINING BY WEIGHT 70% OR MORE OF
PETROLEUM OILS OR OF OILS OBTAINED FROM
BITUMINOUS MINERALS EXCL THOSE CONTAINING
BIODIESEL & WASTE OILS (HS 271019)
4,054 5,958 5,496
2
SHIPS & AIRCRAFT BUNKERS & STORES LOADED ON
BOARD FOR OWN CONSUMPTION (HS 989300)
2,557 3,140 3,632
3
OTHER ELECTRONIC INTEGRATED CIRCUITS (HS
854239)
4,321 3,630 3,439
4
PROCESSORS & CONTROLLERS CONVERTERS LOGIC
CIRCUITS AMPLIFIERS CLOCK TIMING CIRCUITS OR
OTHER CIRCUITS (HS 854231)
2,090 2,827 3,004

5
LIGHT OILS & PREPARATIONS CONTAINING BY
WEIGHT 70 % OR MORE OF PETROLEUM OILS OR
OILS FROM BITUMINOUS MINERALS (HS 271012)
2,084 2,253 2,516
6
PARTS & ACCESSORIES OF MACHINES OF 8471 (HS
847330)
1,369 1,113 963
7
MEMORIES (HS 854232) 865 625 690
8
OTHER PARTS & ACCESSORIES OF PRINTING
MACHINERY & PRINTERS COPYING & FACSIMILE
MACHINES (HS 844399)
798 761 677
9
OTHER PARTS OF AEROPLANES OR HELICOPTERS (HS
880330)
485 516 567
10
PARTS OF BORING OR SINKING MACHINERY OF
SUBHEADING 8430.41 OR 8430.49 (HS 843143)
357 326 520
TOTAL FOR THE ABOVE
18,980 21,149 21,504
TOTAL FOR OTHER PRODUCTS
7,364 8,253 7,363
GRAND TOTAL
26,344 29,402 28,867
Annexure-VII
Singapore’s Export to India (Top 10 Products)
(Value in S$ Millions)
PRODUCT
Jan - May
2010
Jan – May
2011
Jan - May
2012
1
OTHER PETROLEUM OILS & OILS FROM BITUMINOUS
MINERALS NOT CRUDE & PREPARATIONS NES
CONTAINING BY WEIGHT 70% OR MORE OF
PETROLEUM OILS OR OF OILS OBTAINED FROM
BITUMINOUS MINERALS EXCL THOSE CONTAINING
BIODIESEL & WASTE OILS (HS 271019)
1,067 1,924 651

2
PARTS & ACCESSORIES OF MACHINES OF 8471 (HS
847330)
374 403 339
3
OTHER PARTS & ACCESSORIES OF PRINTING
MACHINERY & PRINTERS COPYING & FACSIMILE
MACHINES (HS 844399)
200 195 257
4
STYRENE (HS 290250) 143 178 214
5
MACHINES FOR RECEPTION CONVERSION &
TRANSMISSION OR REGENERATION OF VOICE
IMAGES OR OTHER DATA (HS 851762)
95 131 164
6
OTHER ELECTRONIC INTEGRATED CIRCUITS (HS
854239)
252 194 155
7
P-XYLENE (HS 290243) 64 86 134
8
SHIPS & AIRCRAFT BUNKERS & STORES LOADED ON
BOARD FOR OWN CONSUMPTION (HS 989300)
97 134 126
9
PARTS OF BORING OR SINKING MACHINERY OF
SUBHEADING 8430.41 OR 8430.49 (HS 843143)
77 76 101
10
OTHER POLYMERS OF ETHYLENE IN PRIMARY FORMS
(HS 390190)
80 71 97
TOTAL FOR THE ABOVE
2,449 3,392 2238
TOTAL FOR OTHER PRODUCTS 1,256 1,290 899
GRAND TOTAL
3,705 4,682 3137

Annexure VIII
Singapore’s Import from India (Top 10 Products)
(Value in S$ Millions)
PRODUCT
Jan -
May
2010
Jan –
May
2011
Jan -
May
2012
1
LIGHT OILS & PREPARATIONS CONTAINING BY WEIGHT
70 % OR MORE OF PETROLEUM OILS OR OILS FROM
BITUMINOUS MINERALS (HS 271012)
1,116 2,779 3,535
2
OTHER PETROLEUM OILS & OILS FROM BITUMINOUS
MINERALS NOT CRUDE & PREPARATIONS NES
CONTAINING BY WEIGHT 70% OR MORE OF PETROLEUM
OILS OR OF OILS OBTAINED FROM BITUMINOUS
MINERALS EXCL THOSE CONTAINING BIODIESEL &
WASTE OILS (HS 271019)
2,144 3,341 2,788
3
OTHER ARTICLES OF JEWELLERY OF OTHER PRECIOUS
METAL (HS 711319)
190 220 190
4
OTHER MOTOR VEHICLES FOR TRANSPORTING GOODS
WITH COMPRESSION IGNITION INTERNAL COMBUSTION
PISTON ENGINE OF GVW OVER 20T (HS 870423)
43 74 160
5
WORKED NON-INDUSTRIAL DIAMONDS NOT MOUNTED
OR SET (HS 710239)
156 123 87
6
WORKED INDUSTRIAL DIAMONDS NOT MOUNTED OR
SET (HS 710229)
65 67 86
7
OTHER ACYCLIC ETHERS & THEIR HALOGENATED
SULPHONATED NITRATED OR NITROSATED DERIVATIVES
(HS 290919)
.004 .005 58
8
TELEPHONES FOR CELLULAR NETWORKS OR FOR OTHER
WIRELESS NETWORKS (HS 851712)
91 37 45
9
OTHER ELECTRO-DIAGNOSTIC APPARATUS (HS 901819) 2 .400 42

10
PARTS OF BORING OR SINKING MACHINERY OF
SUBHEADING 8430.41 OR 8430.49 (HS 843143)
13 11 30
TOTAL FOR THE ABOVE
3,820 6,652 7,021
TOTAL FOR OTHER PRODUCTS
500 473 371
GRAND TOTAL
4,320 7,125 7,392