FITA helps you find
service providers for:


flag Singapore Singapore: Selling and Buying

In this page: Market Access Procedures | Reaching the Consumers | Distributing a Product | Organizing Goods Transport | Identifying a Supplier

 

Market Access Procedures

International Conventions
Member of World Trade Organisation
Party to the Kyoto Protocol
Party to the Washington Convention on International Trade in Endangered Species of Wild Fauna and Flora
Party to the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and Their Disposal
Party to the Montreal Protocol on Substances That Deplete the Ozone Layer
Main International Economic Cooperation
Singapore does not belong to any Customs Union. It is a member of the Asia -Pacific Economic Cooperation (APEC).

It is a member of the ASEAN (Association of South-East Asian Nations), AFTA and the ASEAN - China Free Trade Area.

It is a member of the ASEM (reunión Asia-Europe) (inglés).

It is a member of the SEAT (Six East Asian Traders)

Singapore is a signatory to multilateral and bilateral agreements with many countries. Visit: IESinggapore.

Non Tariff Barriers
Import procedures in Singapore are very liberal. Most goods can enter the Singaporean territory without any restriction. Only a few products, such as chewing gum and weapons are banned. There is a license system required for about 6% of the total amount of imports and concerns fresh fruits and vegetables, plants, meat, animals, medicines, broadcasting products (automatic licenses) and also some sensitive products likely to represent a risk for health or the State (non automatic licenses). These licenses are generally issued by the International Enterprise Singapore. Some other institutions may be involved such as the Ministry of Health.
Customs Duties and Taxes on Imports
Singapore is duty free except for products like automobiles, gasoline, tobacco, and alcohol. For more details, visit: Tariff Schedule


Customs Classification
Singapore applies the Harmonized Customs System.
Import Procedures
Firms importing goods into Singapore require making an inward declaration, in addition to having an import permit.

For details, visit: Import Procedure

Importing Samples
Goods entering the country temporarily for repair, stage performance etc. can do so without payment of duty or GST. Using an ATA carnet, foreign companies/exhibitors can import products into the country. For details, visit: Customs Singapore
 
 
For Further Information
Singapore Customs
Singapore Trade Portal
Asia Trade Hub
Ministry of Trade and Industry

Learn more about Traders, Agents in Singapore on Globaltrade.net, the Directory for International Trade Service Providers.

Return to top

Reaching the Consumers

Marketing Opportunities

Consumer Behavior
Consumers keep in mind factors such as price, quality and service when making a purchasing decision.

After sales service is very important for the consumer in Singapore.

Singaporeans like new products, but they stay loyal to the brand names that they know.

Pricing has to be very competitive as bargaining is an acceptable shopping trait.

Consumer Profile and Purchasing Power
The consumer in Singapore has high standard of living and is a keen buyer of foreign products. Singaporeans are not only brand conscious but are very loyal and cautious too. They like to experiment with new products after getting assured about its quality and customer care service. The purchasing power is at par with most of the European countries.
Consumers Associations
CASE , Consumer Association of Singapore
Main Advertising Agencies
Association of Accredited Advertising Agencies (4As)

Return to top

Distributing a Product

Evolution of the Sector
With the improved economy of Singapore and a high average standard of living, increasingly affluent consumers are more willing to spend. In addition, various new shopping malls such as VivoCity, Central and Ang Mo Kio Hub all stimulated the retail scene. Existing shopping malls such as Centrepoint, Tampines Mall and White Sands were also revamped, with new extensions built to accommodate more retailers in order to remain competitive. The influx of retailers to these new selling spaces further attracted consumers who increasingly visited them at weekends.
Market Shares
The distribution sector in Singapore is similar to the western countries, with a domination of the large-scale distribution network which carries out the majority of retail sales. The high standard of living of the Singaporean and their taste for Western products attract a lot of foreign groups to this 640 km² territory.
Organizations in the Retail Sector
Singapore Retailers Association
Singapore Shopping Centres Association

Return to top

Organizing Goods Transport

Main Useful Means of Transport
Singapore has a well-developed and advanced transportation infrastructure.

The Port of Singapore , with 6 free-trade zones, is ranked second in the world in terms of container traffic. It is operated by Maritime and Port Authority of Singapore. It is also the world's busiest hub for transshipment traffic.

The airport of Singapore (international Changi airport) is considered as one of the best in the world. It is composed of two air terminals connected by monorail.

The road network consists of 8 highways. The objective of the Land Transport Authority (LTA), (under the Ministry of Communication and Information technology), is to promote ground transport for a better use of the city by developing public transport. The construction of 9 expressways and two highways (partially subterranean) of a total length of 155 km is in progress in the Eastern part of the island.

Ports
Port of Singapore
Airports
Changi Airport
Sea Transport Organizations
Maritime and Port Authority of Singapore
Port of Singapore Authority
Air Transport Organizations
Civil Aviation Authority of Singapore
Road Transport Organizations
Land Transport Authority (LTA)
Public Transport Council (PTC)
Rail Transport Organizations
Land Transport Authority (LTA)

Return to top

Identifying a Supplier

Type of Production
Manufacturing and services are the twin engines of the Singapore economy and account for 25% and 70% respectively of country's GDP. The electronics and the chemical sectors are the two leading sectors of the manufacturing industry, each contributing nearly 30% to the GDP.

To maintain its competitive position despite rising wages, the government seeks to promote higher value-added activities in the manufacturing and services sectors. It also has opened the financial services, telecommunications, and power generation and retailing sectors to foreign service providers and greater competition.

Business Directories

Multi-sector Directories
Directory of Certified Companies in Singapore - Directory provided by Marshall Cavendish Business Information.
Directory of Singapore Process & Chemicals Industries - Directory provided by Marshall Cavendish Business Information.
Let's Play Sports Guide - Directory provided by Marshall Cavendish Business Information.
Print Singapore - Directory of companies in Singapore specialized in the printing industry.
SGMarineIndustries.com - Business directory of the marine industry in Singapore.
Singapore Agri-Food Business Directory - Directory provided by Marshall Cavendish Business Information.
Singapore Airfreight - Directory of airfreight companies in Singapore.
Singapore AirFreight Directory - Directory provided by Marshall Cavendish Business Information.
Singapore Banking And Financial Services Directory - Directory provided by Marshall Cavendish Business Information.
Singapore Biotech Guide - Directory provided by Marshall Cavendish Business Information.
Singapore Builders Directory - Directory provided by Marshall Cavendish Business Information.
Singapore Convention & Exhibition Directory - Directory provided by Marshall Cavendish Business Information.
Singapore Electronics Industry Directory - Directory provided by Marshall Cavendish Business Information.
Singapore Environmental Industry Directory - Directory provided by Marshall Cavendish Business Information.
Singapore Maritime Directory - Directory provided by Marshall Cavendish Business Information.
Singapore Printing Directory - Directory provided by Marshall Cavendish Business Information.
Singapore Shiprepairing, Shipbuilding & Offshore Industries Directory - Directory provided by Marshall Cavendish Business Information.
Singapore Specialty Chemicals Guide - Directory provided by Marshall Cavendish Business Information.
Asia Yellow Web - Singapore's business directory.
Directory of Certified Companies in Singapore - Directory of certified companies in Singapore.
eGuide SG - Singapore's business directory.
Exporters.com.sg - Business directory by product.
Singapore Medical Technology - Directory of medical technology organisations, manufacturing, engineering and components suppliers in Singapore.
The Green Book - Find your suppliers.
Times Business Directory of Singapore (Buku Merah) - Directory provided by Marshall Cavendish Business Information.
Yellow pages Singapore - Find a business in Singapore.
Zipleaf - Business directory for several countries in the world.
 
 
Manufacturers Associations of the Main Industries
39 professional associations listed for Singapore.
 
Trade Agencies and Their Representations Abroad
Singapore International Chamber of Commerce
Association of Small and Medium Enterprises
Enterprises Federation
Singapore Business Federation
 
 

Learn more about Service Providers in Singapore on Globaltrade.net, the Directory for International Trade Service Providers.

Return to top

Any Comments About This Content? Report It to Us.

 

Learn more about Sales in Singapore on Globaltrade.net, the Directory for International Trade Service Providers.

© Export Entreprises SA, All Rights Reserved.
Last Updates: November 2014