Singapore NODX Rises the Most in 5 Months

2026-04-17 00:37 By Chusnul Chotimah 1 min. read

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.



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