Special Economic Zones in the OIC Region:
Learning from Experience
99
demonstrates, exports of chemical products has increased significantly since the establishment
of Jurong Island in the late 90s.
Figure 22 - Domestic Exports of Chemical Products in Singapore – 1997 to 2016 ($m)
Source: Singapore Statistics (2017) Domestic Exports of Major Non-Oil Products, Monthly
In terms of total output it can be seen that the chemical industry within Singapore contributed
approximately $49 billion in output to the national economy in 2016, comprising approximately
one quarter of total manufacturing output, an increase from approximately 20% in 2000. 95
In addition it can be seen that FDI within the chemical and chemical products sector accounted
for 8% of total manufacturing FDI within Singapore in 2015, and approximately 2% of national
FDI in-flows. Whilst this is a relatively modest contribution, it should be noted that the industry
only accounts for 4% of total manufacturing employment and 3% of total enterprises.96
5.3.5.1 Relationship with National Economy
To examine the effect of the Jurong SEZ on the Singapore economy a number of indicators have
been examined to illustrate the economic performance of the zone in:
 Increasing GDP performance;
95 Singapore Statistics (2016) Total Output by Industry Cluster, Annual.
96 Singapore Statistics (2016) Manufacturing Employment by Industry Cluster / Manufacturing Establishments by Industry
Cluster.
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1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016