🇸🇬 Singapore vs 🇨🇱 Chile Tariffs — Import Duty Comparison (2026)

🇸🇬

Singapore

Section 122 Rate10%

Section 301N/A

Section 232 (Metals)50%

Trade AgreementUS-Singapore FTA

Trade Volume$70B

Base Effective Rate10%

🇨🇱

Chile

Section 122 Rate10%

Section 301N/A

Section 232 (Metals)50%

Trade AgreementUS-Chile FTA

Trade Volume$30B

Base Effective Rate10%

🇸🇬 Singapore Advantages

+Higher US trade volume ($70B vs $30B)
+Unique export categories: Semiconductors, Machinery, Pharmaceuticals

🇨🇱 Chile Advantages

+Unique export categories: Copper, Lithium, Salmon

When choosing between Singapore and Chile as import sources, US businesses must weigh tariff rates, trade agreements, product availability, and supply chain logistics.

Both countries face the same base tariff rate of 10% on most goods entering the United States.

These countries have largely distinct export profiles to the United States, serving different market segments.

In terms of trade volume, Singapore accounts for approximately $70B in bilateral trade with the US, exceeding Chile's $30B.

Both countries are subject to the 10% Section 122 tariff imposed on February 24, 2026, following the Supreme Court's ruling striking down IEEPA tariffs. This rate expires approximately July 24, 2026 unless Congress extends it.

Singapore's advantages include: Higher US trade volume ($70B vs $30B); Unique export categories: Semiconductors, Machinery, Pharmaceuticals. Chile's advantages include: Unique export categories: Copper, Lithium, Salmon.

With equivalent base tariff rates, the choice between Singapore and Chile depends primarily on product-specific duties, shipping costs, lead times, and supply chain considerations rather than the base tariff rate.

Frequently Asked Questions

Which has lower tariffs — Singapore or Chile?

Both countries face the same base Section 122 tariff of 10%. The difference comes from product-specific duties, Section 301 (China only), and Section 232 (metals).

Should I switch sourcing from Singapore to Chile?

The decision depends on more than tariff rates. Consider total landed cost (shipping, insurance, customs fees), lead times, quality standards, minimum order quantities, and supply chain reliability. With equivalent base rates, focus on non-tariff factors.

Do both Singapore and Chile face the same Section 122 tariff?

Yes, both countries are subject to the 10% Section 122 tariff imposed on February 24, 2026. This flat rate replaced the variable IEEPA tariffs struck down by the Supreme Court. It expires approximately July 24, 2026.

What products overlap between Singapore and Chile exports to the US?

Both countries export various products to the US. Singapore has total bilateral trade of ~$70B while Chile has ~$30B.