Singapore and China have a robust and growing trade relationship. Since 2013, China has been Singapore's largest trading partner. In 2023, bilateral trade volume increased by 4.4% year-on-year, reaching US$71.9 billion. This strong economic cooperation is further enhanced by the China-Singapore Free Trade Agreement (CSFTA) and the Regional Comprehensive Economic Partnership (RCEP) agreement.
Singapore and China have a robust and growing trade relationship. Since 2013, China has been Singapore's largest trading partner. In 2023, bilateral trade volume increased by 4.4% year-on-year, reaching US$71.9 billion. This strong economic cooperation is further enhanced by the China-Singapore Free Trade Agreement (CSFTA) and the Regional Comprehensive Economic Partnership (RCEP) agreement.
The trade relationship between the two countries is characterized by significant flows of goods in sectors such as electronics, petrochemicals, and machinery. Singapore serves as a critical supply chain hub in Southeast Asia, facilitating seamless trade flows between China and other regional markets[^70^].
Singapore has a highly open trade policy, with nearly 99% of goods imported into the country being duty-free[^69^]. However, certain specific items are subject to import duties, including:
Product Category | Typical Import Tax Rate |
---|---|
Liquor | Ad valorem rates based on assessed value |
Motor Vehicles | Ad valorem rates based on assessed value |
Petroleum Products | Specific rates based on weight or quantity |
Tobacco | Specific rates based on weight or quantity |
For goods imported from China, the Goods and Services Tax (GST) is 9% for shipments valued above SGD400[^64^]. Goods valued under SGD400 are exempt from GST[^69^].
Our Singapore Air Freight DDP service offers fast and reliable delivery to major cities in Singapore, including Singapore City. With our efficient logistics network, we can deliver your goods from take-off to your doorstep in approximately 8 days[^64^].
This service includes:
Service Aspect | Standard Air Freight | Our DDP Air Freight |
---|---|---|
Delivery Time | 1-5 days (airport to airport) | 8 days (door to door) |
Dispatch Fees | Additional cost | Included |
Door-to-Door Delivery | Not included | Included |
Customs Clearance | Buyer's responsibility | Handled by us |
By choosing our Singapore Air Freight DDP service, you can focus on your core business activities while we handle the logistics complexities, ensuring your goods are delivered on time and without any hidden costs.
Our company has extensive experience in international logistics and a proven track record of delivering high-quality services. We understand the challenges faced by businesses in the current trade climate and are committed to providing reliable, efficient, and cost-effective solutions to help you navigate these challenges successfully.
Contact us today to learn more about our Singapore Air Freight DDP service and how we can support your business in the Singaporean market.
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