The Singapore authorities have led the country to a unique position of being the largest commodity trading hub in Asia. Their efforts, taken during the last 2 decades, have realised world-class trading facilities. It has also resulted in numerous Singapore company setups by the world’s largest trading companies in Singapore.
Commodities, whether they are in the form of food, metals or energy, are an important part of everyday life. Singapore currently houses more than 400 global, regional and local commodities players across the entire value chain, trading a wide spectrum of commodities under its Global Trader Programme.
Singapore commodity trading hit a new high of $28 billion SGD in local business spending and hired more than 15,000 professionals in 2017, representing a 2.7 per cent compounded annual growth rate over the past five years.
Demand for commodity trading specialists is increasing, with employment for all commodities, securities, and financial services traders and sales agents expected to grow by ten percent between 2014 and 2024.