Singapore’s non-oil domestic exports (NODX) experienced a remarkable 46.2% increase in August 2026 compared to the same month last year, according to data released by Enterprise Singapore. This growth extends the 24.1% rise observed in July, driven primarily by a surge in electronics exports, which saw a 131.8% increase due to robust demand for artificial intelligence (AI)-related products.
The expansion in NODX was supported by significant growth in electronic components such as integrated circuits (ICs), disk media products, and personal computers (PCs). Disk media products alone saw a staggering 290.2% increase, whilst PCs grew by 237.9%. Non-electronic exports also contributed to the growth, with specialised machinery and non-monetary gold leading the charge.
Non-oil re-exports (NORX) also saw a substantial rise, expanding by 53.3% in August, following a 51.3% increase in July. This was largely driven by electronics, which grew by 68%, and non-electronics, which increased by 32.9%.
The total merchandise trade for Singapore expanded by 44.5% in August, with both exports and imports contributing to this growth. The rise in exports was driven by both non-oil and oil exports, which increased by 51.3% and 36.8%, respectively.
Key markets such as the US, China, and South Korea showed significant growth in NODX, with the US seeing a 91% increase, driven by disk media products and specialised machinery. Looking ahead, the continued demand for AI-related electronics is expected to sustain this upward trend in Singapore’s trade performance.
