Singapore’s non-oil exports rose 46.2% in August — Channel NewsAsia
In Singapore, domestic exports excluding oil rose by 46.2% year-on-year in August 2026. According to Channel NewsAsia, citing Enterprise Singapore, the growth was supported by strong demand related to artificial intelligence.
Surge in electronics exports
In July, the indicator increased by 24.1%. Enterprise Singapore noted that August’s performance was partly explained by a low comparison base: a year earlier, monthly domestic non-oil exports amounted to S$13.3 billion, the lowest level in 2025.
Exports of electronic products jumped by 131.8% in August after rising by 112% in July. The main drivers were shipments of integrated circuits, data storage media and personal computers. Exports of data storage media rose by 290.2% year-on-year, PCs by 237.9%, and integrated circuits by 90.9%.
More current news is available on the UA.News Telegram channel Telegram.
Trade and key markets
During the first eight months of 2026, Singapore’s domestic non-oil exports increased by 22.4%. Shipments of non-electronic goods rose by 12% in August, while they declined by 2.4% in July.
Shipments in this category to the United States, China and South Korea rose in August, while exports to the 27 European Union countries declined. Non-oil re-exports gained 53.3% after increasing by 51.3% in July; re-exports of electronics rose by 68%, while non-electronic goods increased by 32.9%.
Singapore’s total merchandise trade increased by 44.5% in August, continuing July’s 38.3% growth. Its value amounted to S$156.9 billion: exports totaled S$84.7 billion and imports S$72.2 billion.
