SINGAPORE - The Chinese mainland and the Hong Kong Special Administrative Region were Singapore's third- and fourth-largest partners for services imports in 2024, respectively, the Singapore Department of Statistics said on Thursday.

Singapore's payments for services imports from the mainland totaled S$38 billion ($30 billion) in 2024, up 8.2 percent from 2023. The main categories were business management, telecommunications, computer and information, and transport services.

Payments for services imports from the HKSAR rose 17.5 percent year-on-year to S$23.5 billion. Key segments included business management, financial, and transport services.

The United States and the European Union ranked as Singapore's top two services import partners in 2024.

On the export side, Singapore's leading services markets were the European Union, the United States, Japan, Australia and ASEAN.

Singapore's overall services trade, defined as the sum of exports and imports, reached S$1,021.4 billion in 2024, an increase of 13 percent from the previous year.