Singapore Current Account Surplus Widens in Q2

Singapore’s current account surplus increased to SGD 37.08 billion in the second quarter of 2026, up from SGD 30.52 billion in the same period of 2025. The increase came as the goods account surplus surged to SGD 70.39 billion from SGD 60.12 billion a year earlier amid a surge in exports. Also, the services account surplus advanced to SGD 14.33 billion from SGD 12.27 billion. Additionally, the secondary income deficit narrowed to SGD 2.88 billion from SGD 4.00 billion. Meanwhile, the primary income deficit climbed to SGD 44.77 billion from SGD 37.87 billion over the same period. Last year, the country recorded a current account surplus of SGD 131.96 billion, widening slightly from SGD 131.67 billion in 2024.

Singapore’s current account surplus widened to SGD 41.09 billion in the first quarter of 2026, up from SGD 32.72 billion in the same period of 2025. It marked the largest surplus on record since the data series began in 1986, as the goods account surplus surged to SGD 58.22 billion from SGD 48.93 billion a year earlier amid a jump in exports. Meanwhile, the services account surplus narrowed to SGD 10.95 billion from SGD 11.94 billion. Additionally, the primary income deficit eased slightly to SGD 23.98 billion from SGD 24.13 billion over the same period. On the other hand, the secondary income deficit edged up to SGD 4.09 billion from SGD 4.02 billion. Last year, the country posted a current account surplus of SGD 131.96 billion, widening slightly from SGD 131.67 billion in 2024.

Singapore’s current account surplus widened to SGD 40.24 billion in the fourth quarter of 2025, up from SGD 33.95 billion in the same period of 2024. It was the largest surplus on record since the data began in 1986, as the goods account surplus increased to SGD 64.60 billion from SGD 62.09 billion a year earlier, amid a surge in exports, while the services account surplus rose to SGD 11.11 billion from SGD 10.57 billion. Additionally, the primary income deficit narrowed to SGD 32.75 billion from SGD 36.34 billion over the same period. Meanwhile, the secondary income deficit rose to SGD 2.72 billion from SGD 2.37 billion. For the full year of 2025, the country posted a current account surplus of SGD 131.96 billion, widening slightly from SGD 131.67 billion in 2024.