To shed global trade perspective on recent company performance, the overall value of Singapore’s exported goods increased by 0.5% from US$409.8 billion in 2014 to $411.7 billion during 2018. Year over year, Singaporean exports appreciated by 10.3% from 2017 to 2018.
In the analysis below, we compare 10 of Singapore’s major exports-related companies based on asset values, sales and profitability as of December 2018. Also specified is the number of employees for each business.
Singapore’s Top 10 Major Export Companies
- Assets
- Sales
- Profit
- Employees
Assets
Below are Singapore’s biggest exports-related companies organized by asset value. Shown within parentheses is the primary industry in which each company operates. Also shown is the change in asset value as of December 2018 compared to 2017.
- DBS Group (investment holding firm): US$404.1 billion, up 21.2% from 2017
- Oversea-Chinese Banking (regional bank): $351.2 billion, up 5.5%
- United Overseas Bank (regional bank): $277.9 billion, up 5.3%
- Wilmar International (food processing): $40.9 billion, up 10.5%
- SingTel (telecommunications services): $36.6 billion, up 10.8%
- Keppel Corp (industrial conglomerate): $21.1 billion, up 4.1%
- Singapore Airlines (airliner): $20.1 billion, up 18%
- Olam International (food processing): $16.7 billion, up 2.8%
- Flex (electronics): $13.7 billion, up 7%
- China Aviation Oil (trading company): $2 billion, up 49.3%
All 10 of these large Singaporean businesses grew their asset values from 2017 to December 2018. The strongest year-over-year improvements belong to trading specialist China Aviation Oil (up 49.3%) and investment firm DBS Group (up 21.2%).
The mildest increase was 2.8% for food processor Olam International.
Sales
Profit
Employees
Note: Some of the above company offerings may include products other than the principal category shown within parenthesis under the Assets tab.
For example, China Aviation Oil (Singapore) operates an investment holding firm that trades aviation oil and petroleum products. The company also supplies fuel to key international airports in China, and also sells gas, fuel oil and petrochemicals.
See also Singapore’s Top 10 Exports, Singapore’s Top Trading Partners and Singapore’s Top 10 Imports
Research Sources:
Forbes Global 2000 individual company profiles, Example of top Singapore company compiled for this study: Wilmar International. Accessed on October 16, 2019
Forbes Global 2000 rankings for Singapore, The World’s Biggest Public Companies. Accessed on October 16, 2019
International Trade Centre, Trade Map. Accessed on October 16, 2019
Wikipedia, Category: Companies of Singapore. Accessed on October 16, 2019
Wikipedia, List of companies of Singapore. Accessed on October 16, 2019