An Overview of Singapore
- Singapore has a population of 5.89 million.
- Capital: Singapore City
- Official Language: English, Malay, Mandarin, Tamil
- Total Area: 728 km²
- Currency: Singaporean Dollar
Economic Statistics of Singapore
- Singapore has reached a GDP of 1.28 trillion USD. Its largest industries are
- Biomedical Sciences
- Transport Engineering
- The breakdown of Singapore’ GDP Composition includes
- Services (73.7%)
- Industry (25.6%)
- Agriculture (0.7%)
- The main importers of Singapore’s goods are
- Hong Kong (13.8%)
- European Union (9.78%)
- Malaysia (9.29%)
- United States (8.6%)
- While the main exporters to Singapore are
- European Union (16.8%)
- Malaysia (11.04%)
- United States (10.17%)
- Japan (7.25%)
The Printing Industry in Singapore
- As the economy in Singapore has grown, there is an increased need to buy printers, consumables such as inks and makeups and cleaning solutions.
- The printing and publishing industry in Singapore is one of the outstanding industries in the manufacturing sector in terms of growth and performance. The industry has been progressing since the seventies and it has graduated from its supporting role to the role of key growth sector.
- rade missions and exhibitions have become popular among printers. Such events should be encouraged as they keep printers aware of the current market demands which would be a great help in their expansion plans. As the printing industry is now going for more outward looking strategies.
- As of now, most printing companies in Singapore will have printers that can be fed instructions via a touch panel instead of clumsy buttons.
- As a result, more people in Singapore are looking for printers for sale whether from domestic sources or via imports.
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The Packaging Industry in Singapore
- The Packaging Industry in Singapore came down in 2014 and 1st quarter of 2015 but will continues to maintain its momentum, driven by economic and social developments and population growth.
- Metal beverage cans continues to rise in off-trade alcoholic drinks in 2019, though glass bottles remains dominant.
- Sales have surged through e-commerce channels due to consumers remaining at home. One result has been that food, beverages and home care have a significant rise in sales in multipacks and large pack sizes.
- This boosting economy in Singapore will continue to drive demand for industrial inkjet printer, printing equipment, printing parts, printing consumables such as inks, make ups and cleaning solutions.
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The Manufacturing Industry in Singapore
- Currently, manufacturing accounts for about 21 per cent, or around S$106 billion, of Singapore’s total gross domestic product (GDP).
- The sector hires about 450,000 workers, or around 12 per cent of the workforce, with median wages of around S$4,700. This is 10 per cent higher than the economy-wide median, said the minister.
- Singapore wants to grow its manufacturing sector by 50 per cent over the next 10 years as it works to ensure that the sector continues to contribute to about a fifth of economic output over the medium term.
- Hence, Singapore’s expanding manufacturing sector has increased demand for printing and industrial ink such as Videojet ink, Inkjet refills, and Hitachi parts.
Sea Ports and Trading Hubs of Singapore
- PSA Corporation Limited
Camainks uses the Port of Jurong when exporting printing products to Singapore
For importing Inkjet printers, Citronix printers, Videojet inks, and other spare parts, Camainks uses the largest port of Jurong when exporting to our clients in Singapore. We have exported items such as inkjet printers, CIJ printers, laser printers, and specialized brands of printer consumables including:
- Videojet inks
- Domino inks
- Citronix CIJ inks
- and other printer spare parts
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What Printers and Ink Do Singapore Import?
Although Singapore does have some manufacturers for printers and ink like Risograph ink and Domino Inkjet printer, Singapore still needs to import from countries such as China, EU, Malaysia, US, and Japan. This demand for importing printers and ink in Singapore is due to its fast-growing economy. Some printers, ink, and related consumables that Singapore imports from these countries include,
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What Regulations Are There on Importing Printers and Ink to Singapore?
- Singapore is generally a free port and an open economy. More than 99% of all imports into Singapore enter the country duty-free. For social and/or environmental reasons, Singapore levies high excise taxes on distilled spirits and wine, tobacco products, motor vehicles and petroleum products.
- Companies must make an inward declaration for all goods imported into Singapore. All imports require an import permit although this is largely a statistical requirement for most goods.
- The import of trade samples that is below US$300 is not subject to payment of duty and/or GST. In addition, no permit is required for their import.
- Bona fide trade samples (excluding liquors and tobacco) may be imported for the following purposes: solely for soliciting orders for goods to be supplied from abroad; for demonstration in Singapore to enable manufacturers in Singapore to produce such articles to fulfill orders from abroad or by a manufacturer for copying; and for testing or experimenting before producing such articles in Singapore.
- Special import licenses are required for certain goods, including strategic items, hazardous chemicals, radioactive materials, films and videos, video games, arms and ammunition, agricultural biotechnology products, food derived from agricultural biotechnology products, medical devices, prescription drugs, over-the-counter drugs, vitamins with very high dosages of certain nutrients, and cosmetics and skin care products. The import of items such as lighters in the shape of pistols or revolvers, firecrackers, handcuffs, shell casings, and silencers is prohibited.
- Because inks contain hazardous chemicals, it is important to follow Singapore’s import regulations.
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Why Should Singapore Import Printers and Ink?
Availability - The local industry has limited capacity and some clients in Singapore require printers and ink promptly.
High Product Cost - Given the domestic competition in Singapore, printers and the continuous ink supply are more expensive to buy domestically than on the world market.
Product Quality - While most international suppliers have a good brand reputation and quality, some smaller domestic manufacturers in Singapore can have variant product quality.
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Where Can I Buy Printers and Ink for Singapore?
If you are looking for individual use printers and inks, there are many domestic manufacturers and distributors available in Singapore. However, if you looking for large quantities of inks, make ups and cleaning solutions, Camainks has been exporting print products such as Videojet ink, Linx printing technologies, and Markem Imaje 2200 to clients in Singapore. Feel free to contact us at [email protected] or WhatsApp us at +86-131-2037-9271 for a FREE quotation. We also ship worldwide; for other countries, check out our experience here.