Global business hub
Singapore is Asia’s leading chemicals hub, with strong trade linkages to key markets in the region and beyond. The energy and chemicals sector contributes 23 per cent of the nation’s total manufacturing output, with the oilfield equipment and services segment accounting for about seven per cent, positioning the country as a vital node in the global supply chain.
With over S$50 billion invested by global chemical giants such as Shell, ExxonMobil, and BASF, Singapore has established itself as a hub for activities across the oil and gas value chain, supporting regional headquarters, trading, engineering, and supply-chain operations. The oilfield equipment and services segment alone generates over S$5.13 billion in output, underscoring its role within the broader ecosystem, while continued investments are strengthening Singapore’s energy infrastructure, including LNG import capabilities.
