Instruct: Given a question, retrieve passages that answer the question.
Query: Who is Singapore's largest trade partner?
Malaysia is Singapore's biggest trading partner, with bilateral trade totalling roughly 91 billion US dollars in 2012, accounting for over a fifth of total trade within ASEAN. Singapore’s trade with major trading partners such as Malaysia, China, Indonesia and South Korea increased in 2012, while trade with EU27, United States, Hong Kong and Japan decreased in 2012. Since 2009, the value of exports exceeds imports for Singapore’s trade with China. In comparison, the value of imports exceeds exports for Singapore’s trade with the US since 2006.[70][71]
'China developed a network of economic relations with both the industrial economies and those constituting the semi-periphery and periphery of the world system.' As Chinese economy growing so fast, China also have many trading partners in the world. All of them are important partners of China in trading and they all contributed to the development of Chinese economy, but the largest partners of China are always changing because of the alteration of policy or other reasons. This article will show you the largest partners of China in recent years.
As a global financial hub, Singapore provides for 25 per cent to 35 per cent of commodities trading in Asia, according to International Enterprise Singapore, a government agency. It is also Asia’s largest physical oil trading hub. Additionally, it is home to the world’s largest bunkering port and the world's two largest oil rig builders SembCorp Marine and Keppel Corporation.
The North America Free Trade Agreement (NAFTA) forms one of the four largest trade blocs in the world. Its implementation in 1994 was designed for economic homogenization with hopes of eliminating barriers of trade and foreign investment between Canada, the United States and Mexico. While Canada and the United States already conducted the largest bilateral trade relationship – and to present day still do – in the world and Canada–United States trade relations already allowed trade without national taxes and tariffs, NAFTA allowed Mexico to experience a similar duty-free trade. The free trade agreement allowed for the elimination of tariffs that had previously been in place on United States-Mexico trade. Trade volume has steadily increased annually and in 2010, surface trade between the three NAFTA nations reached an all-time historical increase of 24.3% or US$791 billion. The NAFTA trade bloc GDP (PPP) is the world's largest with US$17.617 trillion. This is in part attributed to the fact that the economy of the United States is the world's largest national economy; the country had a nominal GDP of approximately $14.7 trillion in 2010. The countries of NAFTA are also some of each other's largest trade partners. The United States is the largest trade partner of Canada and Mexico; while Canada and Mexico are each other's third largest trade partners.
In 1834, Boustead partnered with German-born merchant, Gustav Christian Schwabe in the Singapore company. Schwabe and his cousin established Sykes Schwabe & Co in Liverpool. The Liverpool partner would export products like textiles, biscuits, brandies and steel to the East, while the Singapore partner would trade with Eastern produce such as coffee and spices.
Malaysia's second largest trading partner is Singapore and Malaysia is Singapore's biggest trading partner, with bilateral trade totalling roughly $91 billion US dollars in 2012, accounting for over a fifth of total trade within ASEAN.
These figures do not include services or foreign direct investment, but only trade in goods. The fifteen largest Japanese trading partners with their total trade (sum of imports and exports) in billions of US Dollars for calendar year 2017 are as follows:
Japan is also the dominant export partner of the following:
Trade and investment is sizable between the two countries now. Singapore is Australia's fourth largest two-way trading partner, with total two-way trade valued at A$31 billion in 2008.
Australian service exports to Singapore for 2008 totalled A$3.9 billion, with service imports valued at A$4.7billion. Australian investment in Singapore is close to A$22 billion and Singapore’s investment in Australia is A$43 billion.
From China’s perspective, since 2010 ASEAN as a whole has become its fourth-largest trading partner after the European Union, Japan and the United States. Among ASEAN member countries, Indonesia was China’s fourth-largest trading partner, which, according to data as of May 2010 from the Ministry of Commerce of the People’s Republic of China, amounted to USD 12.4 billion, after Malaysia (USD 22.2 billion), Singapore (USD 17.9 billion) and Thailand (USD 15.7 billion).
India's largest trading partners in descending order of value of total trade are the United Arab Emirates, China, the United States, Saudi Arabia, Switzerland, Singapore, Germany, Hong Kong, Indonesia, Iraq and Japan.
In 1834, Boustead partnered with German-born merchant, Gustav Christian Schwabe in the Singapore company. Schwabe and his cousin established Sykes Schwabe & Co in Liverpool. The Liverpool partner would export products like textiles, biscuits, brandies and steel to the East, while the Singapore partner would trade with Eastern produce such as coffee and spices. The freedom of port made Singapore an ideal market for trading among imported manufacturers.
Historically, the issue of Canada's largest trade partners, and dependence on particular markets, has been a major political issue. At the time of Confederation in 1867, the United Kingdom was by far Canada's largest trading partner, reflecting the close historical, cultural, and institutional ties within the British Empire. Over time, more and more of Canada's trade was proportionally done with the United States. Various governments hoped to strengthen or reverse this trend, by changing tariff policy either to one of Imperial Preference with the British, Reciprocity with the National Policy of internal development. The 1891 and 1911 elections were fought partly over the issue of closer trade relationships with the British. Following the Civil War, the United States emerged as Canada's largest trading partner. By the time the United Kingdom joined the European Economic Community in 1973, the idea of the UK as an alternative to the USA as Canada's largest market was no longer viable. Canada and the United States signed the Free Trade Agreement in 1988 (which was expanded into NAFTA by the addition of Mexico in 1994). Since that time the United States has dominated Canadian trade by an overwhelming degree. After the Wars, trade with Asia began to expand, especially China. After the opening of Canada–People's Republic of China relations in 1970, trade with China has expanded rapidly.
Singapore and the DPRK have extremely good relations. Numerous Singaporean companies have opened up businesses in Pyongyang, the country's capital. Singapore is also the DPRK's 4th largest trade partner (after Russia, China, and Malaysia). DPRK citizens can visit Singapore by applying for an e-visa online. The DPRK maintains an embassy in Singapore while the latter has accredited a non-resident ambassador in Beijing to the DPRK.
Following the establishment of independence, Japan and Singapore reached an agreement for fifty million Singaporean Dollars, though Japan did not offer an official apology for war crimes committed during the occupation. However, Japan did see the potential for Singapore and became their largest trading partner, as well as their largest overseas investor.
After Goldman Sachs he joined Bank of America Singapore as a Principal in oil trading. He then joined Vitol in Singapore as a trading manager. Privately owned Vitol is the world’s largest oil trading company, shipping in excess of 200 million tons of crude oil per year. Andurand then moved to London in 2004 and was made a partner. He was rumoured to be one of the most successful traders in the company, earning him a bonus payment of $20 million at the end of one particularly successful year's trading.
New Zealand's largest source of imports is China, followed by (in order) Australia, the United States, Japan, and Singapore. The largest destinations for exports are, in order, Australia, China, the U.S., Japan, and South Korea. Trade figures for 2011 with New Zealand's biggest trade partners are as follows:
Singapore is the United Kingdom's largest trading partner in Southeast Asia, with two thirds of UK exports to this region flowing into Singapore. UK exports of goods only to Singapore in 2010 were valued at £3.29billion, a 15% increase from 2009 while imports of goods from Singapore in 2010 were valued at £3.99billion, an 18% increase from 2009. The top exports of UK goods to Singapore are power generating machinery, beverages and general industrial machinery while the top exported goods from Singapore were organic chemical, power generating machinery and office machines. As of 2009, Singapore was the UK’s 11th largest market for services exports. 
There are few import tariffs from Singapore who supports the World Trade Organization process fully. Singapore was the first ASEAN country to commence negotiations with the EU for a bilateral Free Trade Agreement (FTA).
The EU is Indonesia's 4th largest trading partner after Japan, China and Singapore, representing almost 10% of its total external trade. The EU is the second largest investor in the Indonesian economy. In the past years, approximately 1000 European companies have invested about €130 billion in the economy and directly generated employment for 1.1 million Indonesians. EU investment in Indonesia is mostly allocated to mining, infrastructure and manufacturing.
In 2009, the Singapore Trade Office in Taipei was honoured for its role in developing close economic ties between the two sides. Taiwan is Singapore’s ninth largest trading partner, with bilateral trade topping S$35 billion in 2008.
In 1834, Boustead & Co partnered with German-born merchant, Gustav Christian Schwabe in the Singapore company. Schwabe and his cousin established Sykes Schwabe & Co in Liverpool. The Liverpool partner would export products like textiles, biscuits, brandies and steel to the East, while the Singapore partner would trade with Eastern produce such as coffee and spices. The freedom of port made Singapore an ideal market for trading among imported manufacturers.
As at 2015, Singapore is Malaysia's biggest trading partner, with imports and exports totalling approximately US$28 billion. Conversely, Singapore's biggest trading partner is China, followed by Hong Kong and Malaysia respectively. Former Malaysian Prime Minister Najib Razak has suggested that both nations can promote regulations and e-commerce, and encourage electronic payments.
Singapore is China's 9th largest trading partner. While China is Singapore's 3rd largest trading partner which consisted of 10.1 percent of Singapore's total external trade from the previous year.
Singapore's total trade in 2014 amounted to S$982 billion. Despite its small size, Singapore is currently the fifteenth-largest trading partner of the United States.[69] In 2014, Singapore's imports totalled $464 billion, and exports totalled $519 billion. Malaysia was Singapore's main import source, as well as its largest export market, absorbing 18% of Singapore's exports, with the United States close behind.
Singapore is the 8th largest source of investment in India and the largest amongst ASEAN member nations. It is also India's 9th biggest trading partner as of 2005-06. Its cumulative investment in India totals US$3 billion as of 2006 and is expected to rise to $5 billion by 2010 and $10 billion by 2015. India's economic liberalisation and its "Look East" policy have led to a major expansion in bilateral trade, which grew from US$2.2 billion in 2001 to $9 billion – 10 billion in 2006 – a 400% growth in the span of five years – and to $50 billion by 2010. Singapore accounts for 38% of India's trade with ASEAN member nations and 3.4% of its total foreign trade. India's main exports to
Singapore in 2005 included petroleum, gemstones, jewellery, machinery and its imports from Singapore included electronic goods, organic chemicals and metals. More than half of Singapore's exports to India are "re-exports" – items that had been imported from India.
Overall Australia's largest trading partners are the United States, Korea, Japan, China, and the United Kingdom. Australia currently has bilateral Free Trade Agreements with New Zealand, the United States, Thailand and Singapore as of 2007. As well as this, Australia is in the process undertaking studies on Free Trade Agreements with ASEAN, China, Chile, India, Indonesia, and Malaysia.