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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Trade (% of GDP) fell to 322.37 Percent in December 2024
World BankYearlyReleased December 2024
Singapore Trade (% of GDP) fell to 322.37 Percent in December 2024, down 3.32 Percent from November's 325.69 Percent reading.
Latest Release
322.371428
Actual
—
Consensus
325.693224
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/SGD | ▼ Inverse | −0.50 | FOREX | Bullish SGD | → View |
| AUD/USD | ▲ Direct | +0.35 | FOREX | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Trade (% of GDP) (Singapore) was reported at 322.37 Percent in December 2024. The reading fell from the previous value of 325.69 Percent. This is classified as a medium-impact indicator released on a yearly basis.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 326.80 Percent, down from the prior three at 328.53 Percent.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/SGD (Bullish SGD). A secondary relationship exists with AUD/USD, positively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CPI YoY (May 25).
Auto-generated from current model state · Refreshes on each release · Last update December 2024.
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Trade (% of GDP) - SG
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About Trade (% of GDP) — Singapore
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released annually.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/SGD (Bullish SGD, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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