The agriculture sector is almost inexistent, and the great majority of food-processing products are imported. Singapore does not hold mining natural resources. Singapore economy is diversified and relies on four major activity sectors: electronics (60% of non petroleum exports are electronic products), petrochemicals (20% of industrial production), IT and logistics. Biotechnologies et pharmaceutical industry are in a full swing. The financial and banking sector has also a global scale.
Singapore is very largely open to foreign trade and is a member of WTO, ASEAN and APEC. The island's external trade represents nearly three times its GDP. Singapore is a regional hub: 40% of exports are in fact re-exports. Singapore's main trade export partners are Malaysia, the United States and Hong Kong.
Its main import partners are Malaysia, the United-States and Japan. The main imported products are electronic equipment, machinery, hydrocarbons and chemical products.