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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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
Singapore NODX Grows the Least in 6 Months
Singapore’s non-oil domestic exports (NODX) rose 4.0% yoy in February 2026, easing from a marginally revised 9.2% gain in the prior month and falling short of market expectations of 4.9%. This marked the sixth straight month of expansion, but the slowest in the streak, partly reflecting distortions from the Lunar New Year period. Electronics exports remained a key driver, though growth moderated to 43.2% (vs 56.1%), supported by ICs (51.2%), disk media products (96.3%), and PCs (22.9%). In contrast, non-electronic NODX contracted more sharply at -6.9% (vs 3.1%), weighed down by declines in non-monetary gold (-27.4%), food preparations (-51.2%), and petrochemicals (-28.5%). By destination, shipments increased to South Korea (50.5%), Taiwan (31.1%), Hong Kong (21.7%), the EU (7.7%), and Malaysia (5.5%). However, exports fell to China (-1.5%), the U.S. (-44.8%), India (-15.1%), and Indonesia (-24.7%). Monthly, NODX grew 3.9%, accelerating from a marginally revised 0.6% rise in January.
2026-03-17
Singapore NODX Rises Less than Expected
Singapore’s non-oil domestic exports (NODX) rose 9.3% yoy in January 2026, accelerating from 6.1% in the prior month but missing market forecasts of 13.5%. The latest figure marked the fifth straight month of expansion in NODX, with exports of electronics quickening sharply (56.1% vs 24.9% in December) amid a low base a year ago and strong AI-related demand such as ICs (80.5%), disk media products (70.2%), and PCs (24.0%). In contrast, non-electronic NODX declined (- 3.0% vs 0.8%), dragged by specialised machinery (-15.6%), food preparations (-49.2%), and petrochemicals (-24.5%). NODX sales grew to China (37.1%), Hong Kong (34.0%), the EU (43.7%), Taiwan (34.2%), South Korea (31.6%), Malaysia (23.2%), and India (26.4%).In contrast, sales fell to the U.S. (-45.3%) and Indonesia (-16.9%). Monthly, NODX grew 0.7%, reversing a downwardly revised 8.8% rise in December.
2026-02-16