Singapore raised its 2026 forecast for non-oil domestic exports (NODX) growth to 3.0%–5.0%, up from the previously estimated 2.0%–4.0%, supported by a better-than-expected first-quarter performance, particularly in electronics (+57.8%) amid strong AI-related demand. However, the outlook remains clouded by uncertainties from the Middle East conflict and potential re-escalation of trade tensions, Enterprise Singapore said on Monday. Meanwhile, NODX grew 9.6% in the first quarter of 2026, following a 12.7% expansion in the fourth quarter of 2025 and coming in stronger than expected, with electronics surging 57.8%, well above 23.4% growth in the fourth quarter of 2025. By contrast, non-electronic exports fell 3.5%, reversing a 9.4% rise in the fourth quarter. The updated forecast remains consistent with the IMF and WTO’s projection of softer growth in global trade volumes in 2026, while also factoring in high base effects in the latter half of the year, Enterprise Singapore added. source: Statistics Singapore

Domestic Exports of Non Oil (nodx) (%yoy) in Singapore increased to 24.50 percent in April from 15.30 percent in March of 2026. Domestic Exports of Non Oil (nodx) (%yoy) in Singapore averaged 8.95 percent from 1977 until 2026, reaching an all time high of 70.00 percent in February of 1980 and a record low of -34.90 percent in January of 2009. This page includes a chart with historical data for Singapore Domestic Exports of Non Oil (nodx) (%yoy). Singapore Non-oil Domestic Exports (NODX) YoY - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.

Domestic Exports of Non Oil (nodx) (%yoy) in Singapore increased to 24.50 percent in April from 15.30 percent in March of 2026. Domestic Exports of Non Oil (nodx) (%yoy) in Singapore is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Non-oil Domestic Exports (NODX) YoY is projected to trend around 2.50 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-17 12:30 AM
Non-Oil Exports YoY
Mar 15.3% 4%
2026-05-18 12:30 AM
Non-Oil Exports YoY
Apr 24.5% 15.3%
2026-06-17 12:30 AM
Non-Oil Exports YoY
May 24.5%


Related Last Previous Unit Reference
Balance of Trade 13068.67 11120.54 SGD Million Apr 2026
Capital Flows 16906.20 42057.80 SGD Million Dec 2025
Current Account 41094.10 40236.00 SGD Million Mar 2026
Current Account to GDP 16.70 17.20 percent of GDP Dec 2025
Non-Oil Exports YoY 24.50 15.30 percent Apr 2026
Exports 86702.40 81684.72 SGD Million Apr 2026
External Debt 3007246.30 2962770.40 SGD Million Sep 2025
Foreign Direct Investment 58551.60 42184.70 SGD Million Dec 2025
Imports 73633.73 70617.01 SGD Million Apr 2026
Terms of Trade 98.10 97.64 points Mar 2026


Singapore Non-oil Domestic Exports (NODX) YoY
In Singapore, Non-oil Domestic Exports (NODX) can be divided in Electronic Products, such as ICs, Disk Media Products, PCs, Parts of PCs, and Diodes & Transistors; and Non-Electronic Products, particularly chemicals, such as petrochemicals and pharmaceuticals.
Actual Previous Highest Lowest Dates Unit Frequency
24.50 15.30 70.00 -34.90 1977 - 2026 percent Monthly
Not Seasonally Adjusted

News Stream
Singapore Raises 2026 Export Growth Forecast to 3%–5%
Singapore raised its 2026 forecast for non-oil domestic exports (NODX) growth to 3.0%–5.0%, up from the previously estimated 2.0%–4.0%, supported by a better-than-expected first-quarter performance, particularly in electronics (+57.8%) amid strong AI-related demand. However, the outlook remains clouded by uncertainties from the Middle East conflict and potential re-escalation of trade tensions, Enterprise Singapore said on Monday. Meanwhile, NODX grew 9.6% in the first quarter of 2026, following a 12.7% expansion in the fourth quarter of 2025 and coming in stronger than expected, with electronics surging 57.8%, well above 23.4% growth in the fourth quarter of 2025. By contrast, non-electronic exports fell 3.5%, reversing a 9.4% rise in the fourth quarter. The updated forecast remains consistent with the IMF and WTO’s projection of softer growth in global trade volumes in 2026, while also factoring in high base effects in the latter half of the year, Enterprise Singapore added.
2026-05-25
Singapore NODX Rises the Most Since 2012
Singapore’s non-oil domestic exports (NODX) jumped 24.5% yoy in April 2026, accelerating sharply from a 15.3% rise in March. This marked the eighth consecutive month of expansion and the fastest growth since February 2012, with electronics continuing to grow strongly (66.7% vs 73.9% in March), supported by robust AI-related demand. Electronic exports were driven mainly by disk media products (148.9%), ICs (82.7%), and PCs (35.7%). Meanwhile, non-electronics grew 10.9%, rebounding sharply from a 0.6% fall in March, due to higher shipments of pharmaceuticals (97.1%), measuring instruments (60.5%), and specialised machinery (23.6%). By destination, shipments increased to South Korea (71.2%), Hong Kong (63.2%), the US (59.6%), China (37.8%), Taiwan (33.5%), Malaysia (19.7%), India (13.0%), Thailand (11.2%), and the EU (33.4%). However, exports to Indonesia plunged by 60.8%. Monthly, NODX climbed 11.0%, after a 3% rise in March, marking the fastest increase since last September.
2026-05-18
Singapore NODX Rises the Most in 5 Months
Singapore’s non-oil domestic exports (NODX) surged 15.3% yoy in March 2026, accelerating sharply from a 4.0% rise in February. This marked the seventh consecutive month of expansion and the fastest growth since October last year, with electronics continuing to grow strongly (74.0% vs. 43.1% in February), supported by robust AI-related demand and a low base a year ago. Electronic exports were boosted mainly by ICs (113.8%), disk media products (78.3%), and PCs (57.3%). Meanwhile, non-electronics declined 0.6%, following a 6.9% fall in February, weighed down by declines in ship and boat structures (-99.8%), food preparations (-42.0%), and pharmaceuticals (-18.4%). By destination, shipments grew to Hong Kong (99.4%), Taiwan (63.1%), South Korea (44.1%), India (27.2%), Malaysia (20.6%), and China (20.3%). However, exports fell to Indonesia (-56.8%), the US (-2.7%), Thailand (-1.0%), and the EU (-11.9%). For Q1, NODX grew 9.6%. Monthly, NODX rose 3.0%, slowing from 3.9% growth in February.
2026-04-17