Overview
Singapore is one of the most highly developed and sophisticated industrial, commercial, financial and consumer economies in the world, and serves as a major distribution center for U.S. companies interested in selling to Singapore and ASEAN region. The World Bank's "Doing Business 2007: How to Reform," ranked Singapore as the easiest country with which to do business.
- More than 1,500 U.S. firms operate in Singapore, many as Asia Pacific headquarters
- Excellent infrastructure, including an airport and seaport that are among the best in the world
- Extensive road network and subway system,
- State-of-the-art telecommunications facilities
- Reliable public utilities
Singapore represents opportunities for NC firms:
- From 2004 through 2008, NC exports to Singapore have increased by 52%
- NC exports to Singapore through the first quarter of 2009 are up from 2008
- NC companies export more to Singapore than India, Russia, Spain and Indonesia
- Singapore is an excellent market for a wide variety of U.S. products and services
- Singapore is a good first stop for any exporter to Asia
- The 11th largest export market and the 15th largest US trading partner in 2007
Leading Sectors for US Exporters:
Healthcare & Biomedical
Information Technologies
Telecommunications Sector: Telecommunications
Power Generation
Aircraft And Parts
Oil & Gas
Laboratory & Scientific Instruments
Pollution Control Equipment
Medical Devices
Education / Training Services
Franchising
Singapore Country Commercial Guide