Singapore in world's top 20 for trade growth potential: StanChart study

Its ranking in the index largely due to its economic dynamism, amid increasing levels of inward FDI

Fiona Lam

Published Mon, Sep 23, 2019 · 09:50 PM

Singapore

SINGAPORE continues to show substantial potential for trade growth, according to new research from Standard Chartered Bank (StanChart).

The city state came in at 16th place on the bank's list of the top 20 global markets that are most rapidly improving their individual potential for trade to grow.

StanChart's new Trade20 Index examined 12 metrics in 66 economies, across three equally weighted pillars of economic dynamism, trade readiness and export diversity.

The economic dynamism pillar was measured by inward foreign direct investments (FDI), export volume growth and gross domestic product (GDP) growth. Trade readiness refers to the market's foundations to support future trade growth, measured by infrastructure, e-commerce and the ease of doing business; while export diversity was mea…