Import Export Internship in Singapore

Singapore is one of the most sophisticated and advanced economies of the world, and it’s certainly at the forefront when it comes to domestic and international trading activities.

 

Here are some interesting facts about the import and export industry in Singapore

  • In 2014, Singapore’s total trading transactions amounted to S$982 billion. While the imports amounted to $464 billion, the exports amounted to $519 billion.
  • The chief export products of Singapore include food and beverages, transport equipment, petroleum products, chemicals, electronic components, telecommunication equipment, and textiles.
  • The chief import products of Singapore comprise of aircraft, chemicals, food and beverages, crude oil, petroleum products, iron and steel, motor vehicles, electronic components, etc.
  • The corruption-free bureaucracy, cutting-edge infrastructure and qualified workforce have led more than 3000 multinational corporations from USA, Japan, and Europe to invest in Singapore. The MNCs are a major contributor in the manufacturing output and direct export sales of the country.
  • The major export markets of Singapore are Malaysia, USA, China, Indonesia, and Hong Kong. The chief import sources of Singapore are Malaysia, China, USA, Japan, and South Korea.
  • Trading activities are among the foundation pillars of Singapore’s prosperous economy. Being majorly a free port, more than 99% of the imports arriving in Singapore are duty-free. Most of the imports in Singapore are actually planned to be re-exported.
  • Singapore can be deemed as a gateway into the ASEAN region. It has the world’s 2nd busiest container port, and is well-connected with more than 600 ports in over 120 countries.
  • To keep in tandem with its reputation of being business-friendly, Singapore also has clearly laid out regulations and procedures to oversee its import and export activities for ensuring efficiency and results.

 

International import export internship in Singapore is an excellent chance to learn about international trade in a country that has a special niche in the same.

 

Singapore is a powerhouse when it comes to import/export, and with an international import export internship in Singapore you can garner valuable knowledge in the area.

 

Past AIP Import Export interns have been involved and worked on the following projects:

 

  • Performing import operations and related activities, and following up with overseas clients.
  • Negotiate rates with domestic and international carriers.
  • Track and trace shipments, and providing updates to internal clients and sales.
  • Obtaining and creating quotes for shipments, and source beth methods of transportation.
  • Coordinate with agencies, such as Customs and other relevant government agencies.

 

Note that all AIP interns are given a personal supervisor who will train, monitor and guide you throughout your international internship experience.

 

Internship tasks will vary from company to company, as well as intern to intern. These are only examples of tasks that were carried out from previous interns.

 

Click here to discover more about an Import Export internship in Singapore!

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