The robust Singapore economy and growth depends heavily on global trade. As a country with no natural resources and comparatively small domestic market, Singapore must be open to external markets in order for the economy to thrive; as two-thirds of Singapore’s Gross Domestic Profit (GDP) is generated by external demand. PM Lee mentioned during the recent National Day Rally 2018 about how there might be potential trade impacts and challenges for Singapore; the international system is at a turning point due to the mounting trade tensions between the world’s economic giants. Thus, we aim to provide a visualization tool to allow the ease of monitoring, identifying trade patterns and impacts with reference to the total trade figures, commodities type, services and the trade relationships between countries over the years. The visualization will be able to assist government bodies like Ministry of Trade and Industry (MTI), Innovation and Enterprise (IE) Singapore and Straits Times for their analysis and reporting, in turn allowing the public to have a better understanding.
Breakdown of
Merchandise / Service
Distribution of Trade in Singapore by Top K commodities
Trade trend between countries
Trade Volume between Singapore and Other Country
The Analyst