Key Highlights

• Combined, the top five exports from India to Singapore amounted to $12.74 billion from 2024 to 2025.

• Mineral products classified under HS code 2710 lead the list of top five exports to Singapore from India.

• Reliance Industries Limited ranks first in the India-Singapore trade exporters list with a share of 24.34% of total India exports to Singapore.

• Vitol Asia Pte Ltd, the Singapore-based energy and commodities company, has become a major importer of Indian goods.

• There has been a YOY growth of 9.4% in exports from India to Singapore during 2023-2025.
  
  

India–Singapore Trade Landscape

India's exports to Singapore date back centuries. The geographical proximity has been a driver of ancient cultural and trade relations connected with ancient maritime routes across the Bay of Bengal. Spices, textiles, and precious stones were once the major products. Exchange of energy and mineral products now dominates the trade. The bilateral partnership has evolved with dynamic and trade-friendly policies built on trust, shared values, and economic growth and development.

The India-Singapore trade is a dynamic Asian relationship. It has been economically rewarding to both nations. It strengthens strategic and commercial ties between both nations, and exports from India to Singapore have been witnessing a substantial rise. Digital innovation, sustainable manufacturing, and expanding service sectors fuel the rising trade. Petroleum products, gems and jewelry, pharmaceuticals, and engineering goods fuel the bilateral trade between both the nations. India’s increasing exports to Singapore are adding to the growth of India’s export market and supplementing Singapore’s trade hub process.

Top 5 Products India Exports To Singapore

 

1. Mineral Products

India has built a strong infrastructure for petroleum products, while Singapore is a regional export hub. Mineral product exports from India to Singapore rank first with a worth of $10.66 billion. Reliance Industries Limited, with a subsidiary in Singapore, is the major importer and exporter of mineral products across both nations.

2. Machinery & Mechanical Appliances

Singapore is a known global hub for manufacturing electrical and machinery appliances. India leverages this business by supplementing the requirement for machinery, components, and parts for the manufacturing process. InterGlobe Aviation Ltd ranks first in the machinery & mechanical appliances exports from Singapore to India list. It shares a substantial contribution of 88.62% of overall machinery exports.

3. Telephone Sets & Wireless Devices

Singapore leverages India’s competitive product pricing and growing manufacturing capacity of telephone sets and wireless devices. It imports from India to supplement the domestic production gap, build a diverse network, and avoid single-source dependency. Singapore's imports of telephone sets and wireless devices amounted to $112.79 million.

4. Gems & Jewelry

India’s gems and jewelry industry is well known globally for unique designs and fine quality. India exports gems and jewelry to Singapore to meet the consumers' diverse demands and monetize the strong India-Singapore trade relationships. India exported gems and jewelry worth $109.90 million during 2024-2025. 

5. Data Processing Machines, Readers & Equipment

India is a growing hub for data processing machines, readers, and equipment with large-scale production and low-cost production. Singapore is a global hub for re-exports. India leverages Singapore’s trade relations and exports data processing machines, readers, and equipment to meet the local demand and supplement the trade process. Hewlett Packard Enterprise, the US-owned tech company, is the major importer and exporter of this machinery and processing equipment across both India and Singapore. It contributes 27.99% and 39.81% to the India-Singapore trade, respectively.

Top 5 Indian Exporters To Singapore

 

The top giants of India Singapore trade specializes across different sectors. The Mumbai-based Reliance Industries Limited leads the India exports to Singapore with a substantial contribution of 24.34%. It's a conglomerate with diversified segments, while petroleum is their major product. Reliance Industries Limited, headquartered in Mumbai, leads the list with 24.34% of exports—a diversified conglomerate with a dominant presence in petrochemicals, refining, and energy. Mangalore Refinery and Petrochemicals Limited contributes 22.29%. It is a Karnataka-based petrochemical firm. Nayara Energy Limited is located in Gujarat. It is followed by 14.01% of India's exports to Singapore. InterGlobe Aviation Limited, the owner of IndiGo Airlines, shares 12.71% of India's exports to Singapore. Indian Oil Corporation Limited, the government organization, is based in New Delhi. It contributes 11.90% to overall exports. 

Top Buyers: Companies Importing From India To Singapore

 

Singapore's trade hub is the major driver of the demand for Indian goods. driven majorly by its reexport process. The demand strengthens the bilateral trade relations. Vitol Asia Pte Ltd leads the imports from India to Singapore. It is headquartered in Singapore. It leads with 18.72% of total imports. Reliance Global Energy Services Singapore Pte Ltd follows with a contribution of 10.37%. It is a subsidiary of Reliance Industries Limited operating in the global trade of refined products. Reliance Industries Limited follows with 9.42%. It trades in petroleum products, chemicals, and textile exports. Nayara Energy Singapore Pte Ltd and Trafigura Pte Ltd are both based in Singapore. They contribute 9.28% and 6.42% to the Singapore imports from India, respectively.

India–Singapore Trade Agreements

The India Singapore trade is backed by multiple trade-friendly policies and initiatives taken by the governments of both nations. These policies discuss varied trade aspects and drive growth, accessibility, and investment opportunity for both nations.
One such important trade agreement is CECA (Comprehensive Economic Cooperation Agreement). Signed in 2005, it aims at reducing tariffs and streamlining customs procedures. It will create new opportunities and platforms for professionals and business owners. It promotes ease of trade and motivates collaboration across segments, including finance, education, and technology.

The second important policy is the ASEAN–India Free Trade Agreement (AIFTA). It diversifies the trade opportunities by going deeper into Southeast Asia’s regional growth and development. It pushes competitive pricing, diversified products, and ease of access to the Singapore and neighboring ASEAN markets.
As per the recent policy update, trade negotiations continue supporting the ease of India-Singapore trade through improved customs cooperation and regulatory alignment. These lists of agreements are dynamic in nature. They strengthen the trade trusts, reduce barriers, and create a seamless ecosystem for sustained growth in India-Singapore trade.

How Can Small Exporters Start Trading With Singapore?

Step 1: Get Your IEC and Compliance Ready
Start by ensuring that your Import Export Code (IEC) is active and compliant with the export norms for international trade, especially Singapore.

Step 2: Research the Singapore Market
Track market trends for Singapore trade. Monitor high-demand products and potential buyers and track their purchase trends, quantity, and timelines.

Step 3: Connect with Verified Buyers
Shortlist potential buyers in Singapore. Leverage a paid trade date platform like Ex-Im to track and reach out to verified buyers.

Step 4: Partner for Logistics
Learn the Singaporean Incoterms. Partner with experienced freight forwarders. Obtain cargo insurance and ensure all the shipments meet the Singapore customs compliance.

Step 5: Build and Manage Buyers
Build trust by sharing samples and ensure quality and packaging compliance. Deliver as per the promised quality and timeline. Use a letter of credit or wired payment options. Grow with regular follow-up and transparent communication.

In A Nutshell

As per the India exports to Singapore data, the India Singapore trade has been growing at a steady pace with a YOY growth of 9.4% between 2023 and 2025. Domestic demand and the re-export process fuel the demand for exports. Friendly policies under AECA and AIFTA boost the trade. India’s strong infrastructure and growing manufacturing ecosystem drive the increasing exports from India to Singapore.

Singapore imports goods across gems, machinery, electronics, minerals, pharmaceuticals, etc. There is a wide range of exports for Indian exporters to cater to. Businesses aiming to access the Singapore market should track the real-time market trends. Monitor buyer import preferences and reach out to verified trusted buyers across Singapore through the Ex-Im application. Quality products, competitive pricing, and data-driven strategies maximize profitability and long-term trade success.

Frequently Asked Questions (FAQs)

1. Which Indian sectors benefit most from Singapore imports?
Mineral products, machinery and mechanical appliances, telephone sets and wireless devices, gems and jewelry, data processing machines, readers, equipment, renewable energy components, and integrated circuit manufacturing are among the products that benefit the most from India's exports to Singapore. The combined top five exports from India to Singapore amounted to $12.74 billion. 

2. What documents are needed for exports from India to Singapore?
The mandatory documents for Indian companies to export from India to Singapore include the IEC certificate, commercial invoice, packing list, bill of lading or airway bill, certificate of origin, export declaration, and respective product compliance certificates. 

3. What makes Singapore an attractive trade destination for Indian exporters?
Singapore’s geographical proximity, strong logistic infrastructure, trade-friendly agreements, and transparent regulatory systems fuel the imports and make Singapore an attractive trade destination for Indian exporters.

4. What is the trade agreement between Singapore and India?
There are multiple trade agreements signed to support the India Singapore trade. The main agreements covering most of the trade terms include the Comprehensive Economic Cooperation Agreement (CECA), signed in 2005. It promotes tariff reduction, investment flow, and smoother trade in goods and services.

5. What is Singapore's biggest industry?
Singapore deals in goods across varied segments. Its largest industries include electronics, financial services, chemicals, and biotechnology.

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