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Singapore

EDC Position-open all programs

EDC's Position

  • Key EDC Market
  • Actively pursuing business
  • Open under all programs, subject to regular approval criteria
 

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Country At A Glance

Flag of Singapore
Map of Singapore

Country Facts

Nominal GDP292.73 Billion USD
Population5.54 Million
Total Trade/GDP326.12%
CurrencySingapore Dollar (SGD)
Merchandise Imports from Canada1 506.84 Million CAD
Canadian direct investment3,692 Million CAD
Main importsMachinery & Equipment, Manufactured Goods

EDC in Singapore

Canadian companies assisted233
International buyers insured292
Business volume619.48 Million CAD

Business Environment

Singapore is a leading financial hub, a regional trading centre and one of the world’s busiest ports.  As the second largest FDI destination for Canadian companies in Southeast Asia, Singapore continues to be a crucial trade and investment partner for Canada in the Asia-Pacific region by offering increasing potential for diverse trade and investment opportunities in all sectors. This is attributable to a highly transparent and efficient legal and institutional framework which offers ample protection for foreign investments. Singapore's business friendly environment is also sustained by a well-organized civil service and pro-business government policies. Canadian companies contemplating setting up offices in this market must  exercise caution, as the costs of operation in Singapore are relatively high and labor supply is tight.

Key Industries

  • Advanced Security
  • Aerospace
  • Environmental Infrastructure & Waste Water
  • Telecom

How we can support your business

Through our representations in Singapore, we provide on-the-ground support to Canadian companies planning on or currently doing business in Singapore and South East Asia. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.

  • We are well positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.

Consult our interactive Country Risk Quarterly report.

 

EDC Representatives

Related Information

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