The history of the development of Singaporean logistics Current status General background of the country

At a Glance

1st

in Asia since 2007, according to the World Bank’s Logistics Performance Index.

 

1st

in efficiency of customs clearance, out of 160 countries¹. Singapore Customs processes 90% of electronics permit applications within 10 minutes and clears 90% of physical cargo within 8 minutes.

 

600

ports in 123 countries are connected to Singapore by 200 shipping lines. One-seventh of the world's container transhipment throughput is handled by Singapore – the most for any hub on the planet.

 

Singapore is a major logistics hub ranked first in the world for logistics competence and timeliness of services, and second in Asia on the World Bank's Logistics Performance Index¹. An important pillar of the Singapore economy, the logistics sector contributed a value-add of S$6.8 billion² in 2018 and generated more than 86,300 jobs³. It connects key supply chain nodes to facilitate efficient trade flow domestically and internationally.

Our homegrown logistics companies have built up specialised capabilities to support key industries such as food, healthcare and pharmaceutical, oil & gas, infrastructure and construction, retail, electronics and high tech. They have also adopted robust technological solutions for lean and efficient logistics operations.

Global developments, including China's Belt And Road Initiative (BRI) and the relocation of manufacturing bases within Southeast Asia, have driven more Singapore firms to expand operations regionally and beyond, to capture new trade flows. Countries that our companies have ventured to include Malaysia, Indonesia, Thailand, Vietnam, China, Australia, and New Zealand.

Where is Singapore located?