Singapore’s external trade experienced a robust increase in April 2026, with total merchandise trade rising by 33.1% year-on-year, according to Enterprise Singapore. This growth follows a 38.3% expansion in March, highlighting the continued strength of the country’s trade sector.
Non-oil domestic exports (NODX) expanded by 24.5% in April, building on a 15.3% increase in March. The surge was largely driven by electronics, which saw a 66.7% rise due to strong demand for AI-related products such as integrated circuits (ICs), disk media products, and personal computers (PCs). Non-electronic NODX also grew by 10.9%, with pharmaceuticals, specialised machinery, and measuring instruments contributing significantly.
Non-oil re-exports (NORX) rose by 29.6% in April, although this was a slowdown from the 60.8% growth seen in March. Electronics were again a major factor, with a 41.6% increase, supported by non-electronics which grew by 9.1%.
The top markets for NODX included the US, China, and South Korea, all of which saw substantial growth. NODX to the US increased by 59.6%, driven by pharmaceuticals and disk media products. China and South Korea also recorded significant expansions of 37.8% and 71.2%, respectively.
Overall, both exports and imports contributed to the rise in total merchandise trade. The data underscores Singapore’s position as a key player in global trade, with electronics and pharmaceuticals leading the charge. As the country continues to adapt to international demand, these sectors are expected to remain pivotal in driving future trade growth.
