Update on Value-Added from Singapore's Exports
This paper provides an update of the Value-Added (VA) from Singapore’s merchandise and services exports to key markets, derived using the latest 2007 Input-Output tables.
Several key improvements to earlier works on this topic have been made. In particular, we have made an attempt at estimating the VA from Singapore’s re-exports (RX), disaggregated by destination.
In 2010, the VA from Singapore’s exports accounted for about two-thirds of GDP, of which a third was contributed by services exports. Our results also suggest that Singapore’s trade ties with the North-East Asia region have become more important.
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