Singapore’s non-oil domestic exports (NODX) surged 38.4% yoy in May 2026, accelerating sharply from a marginally revised 24.4% jump in April and exceeding forecasts of 30.0%. It was the ninth straight month of expansion and the fastest growth since December 2003, with electronics continuing to grow strongly (94.8% vs 66.7% in April), supported by robust AI-related demand. Electronic exports were driven mainly by disk media products (227.8%), PCs (140.9%), and ICs (80.9%). Non-electronics rose 17.7%, after a 10.9% gain in April, due to higher shipments of pharmaceuticals (102.6%), non-monetary gold (83.2%), and specialised machinery (66.9%). By destination, shipments soared to Taiwan (135.2%), the US (80.9%), South Korea (67.2%), Thailand (43.4%), China (31.0%), and the EU (41.4%). However, exports to Indonesia slumped by 26.9%. Monthly, NODX advanced 7.7%. Last month, the country raised its 2026 forecast for NODX growth to 3.0%–5.0%, up from the previously estimated 2.0%–4.0%. source: Statistics Singapore

Domestic Exports of Non Oil (nodx) (%yoy) in Singapore increased to 38.40 percent in May from 24.50 percent in April of 2026. Domestic Exports of Non Oil (nodx) (%yoy) in Singapore averaged 9.00 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 July of 2026.

Domestic Exports of Non Oil (nodx) (%yoy) in Singapore increased to 38.40 percent in May from 24.50 percent in April of 2026. Domestic Exports of Non Oil (nodx) (%yoy) in Singapore is expected to be 41.90 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 5.00 percent in 2027 and 2.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
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 38.4% 24.4% 30.0%
2026-07-17 12:30 AM
Non-Oil Exports YoY
Jun 38.4% 30.2%


Related Last Previous Unit Reference
Balance of Trade 5573.52 13068.67 SGD Million May 2026
Capital Flows 26006.70 16906.20 SGD Million Mar 2026
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 38.40 24.40 percent May 2026
Exports 83242.69 86702.40 SGD Million May 2026
External Debt 3175341.00 3093588.80 SGD Million Dec 2025
Foreign Direct Investment 55720.80 58551.60 SGD Million Mar 2026
Imports 77669.17 73566.47 SGD Million May 2026
Terms of Trade 96.73 95.88 points May 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
38.40 24.40 70.00 -34.90 1977 - 2026 percent Monthly
Not Seasonally Adjusted

News Stream
Singapore NODX Growth Highest Since 2003
Singapore’s non-oil domestic exports (NODX) surged 38.4% yoy in May 2026, accelerating sharply from a marginally revised 24.4% jump in April and exceeding forecasts of 30.0%. It was the ninth straight month of expansion and the fastest growth since December 2003, with electronics continuing to grow strongly (94.8% vs 66.7% in April), supported by robust AI-related demand. Electronic exports were driven mainly by disk media products (227.8%), PCs (140.9%), and ICs (80.9%). Non-electronics rose 17.7%, after a 10.9% gain in April, due to higher shipments of pharmaceuticals (102.6%), non-monetary gold (83.2%), and specialised machinery (66.9%). By destination, shipments soared to Taiwan (135.2%), the US (80.9%), South Korea (67.2%), Thailand (43.4%), China (31.0%), and the EU (41.4%). However, exports to Indonesia slumped by 26.9%. Monthly, NODX advanced 7.7%. Last month, the country raised its 2026 forecast for NODX growth to 3.0%–5.0%, up from the previously estimated 2.0%–4.0%.
2026-06-17
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