Recent Trends in Singapore’s Water Transport and Air Transport Segments

Singapore is one of the world’s biggest maritime hubs and Southeast Asia’s largest air cargo hub. The water transport and air transport segments within Singapore’s transportation & storage sector therefore play important roles in facilitating global trade and maintaining Singapore’s connectivity. This article examines recent trends in the performance of the water transport and air transport segments in Singapore, as well as their near-term outlook.

The water transport segment is the largest segment in Singapore’s transportation & storage sector

The water transport segment accounts for the bulk of the nominal value-added (VA) of Singapore’s transportation & storage sector. The segment includes shipping lines and Singapore’s port operators. Meanwhile, the air transport segment accounts for close to 10 per cent of the nominal VA of the sector. The segment includes Singapore based airlines that provide air passenger and air freight services, as well as firms that support the operations of airlines at the airport.

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