Bound rate, simple mean, primary products in Singapore
Singapore: Bound rate, simple mean, primary products was 9.4% in 2022. ◆ Volatile
Bound rate, simple mean, primary products in Singapore, 1995–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
Singapore recorded 9.4% for bound rate, simple mean, primary products in 2022. That is the lowest value across all 28 years on record.
Compared with earlier readings it is down 61.7% over ten years.
Over the whole period, bound rate, simple mean, primary products in Singapore peaked at 27.0% in 2011 and was at its lowest, 9.4%, in 2015.
Singapore ranks 112th of 157 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.5% | 9.5% | 9.5% | 5 |
| 2000s | 14.5% | 9.5% | 26.4% | 10 |
| 2010s | 17.4% | 9.4% | 27.0% | 10 |
| 2020s | 9.4% | 9.4% | 9.4% | 3 |
Countries ranked near Singapore
- 109 Saudi Arabia 11.8% compare
- 110 China 11.4% compare
- 111 Kyrgyzstan 10.0% compare
- 113 Georgia 8.8% compare
- 114 Tajikistan 8.5% compare
- 115 Russia 8.3% compare
More private sector data for Singapore
- Merchandise exports 566.87 billion current US$ (2025)
- Manufactures exports 74.5% (2024)
- Food exports 2.8% (2024)
- Merchandise imports 505.84 billion current US$ (2025)
- Manufactures imports 70.9% (2024)
- Food imports 3.7% (2024)
- Merchandise trade 177.6% (2025)
- Commercial service exports 421.98 billion current US$ (2025)
- Transport services 31.3% (2025)
- Computer, communications and other services 53.4% (2025)
Frequently asked questions
- What is bound rate, simple mean, primary products in Singapore?
- Bound rate, simple mean, primary products in Singapore was 9.4% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, primary products recorded in Singapore?
- The highest recorded value was 27.0% in 2011.
- What is the lowest bound rate, simple mean, primary products recorded in Singapore?
- The lowest recorded value was 9.4% in 2015.
- How does Singapore rank for bound rate, simple mean, primary products?
- Singapore ranks 112th out of 157 countries with data for 2022.
- Is bound rate, simple mean, primary products rising or falling in Singapore?
- Over the last ten years it is down 61.7%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Bound rate, simple mean, primary products (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Simple mean bound rate is the unweighted average of all the lines in the tariff schedule in which bound rates have been set. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).