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Update on Value-Added from Singapore's Exports
16 November 2012
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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.
The views expressed in this paper are solely those of the authors and do not necessarily reflect those of the Ministry of Trade and Industry, International Enterprise Singapore, or the Government of Singapore.
