Singapore's non-oil domestic exports (NODX) rose 20.7% year-on-year in June 2026, easing from May's 38.4% growth, government data showed [1, 2, 3]. Electronics exports more than doubled with a 105.1% jump in June, following a 94.8% surge in May, led by integrated circuits, disk media products, and PCs [1, 2, 3, 4, 5]. Integrated circuit exports climbed 115.4%, disk media products surged 170.9%, and PC exports rose 95.8% compared to June 2025 [1, 2, 3, 4, 5].
Non-electronic exports declined 2.9% in June, reversing a 17.7% gain in May. This drop reflected weaker shipments of non-monetary gold, petrochemicals, and food preparations [1, 2, 3, 4, 5]. Meanwhile, non-oil re-exports grew 60.3% in June, extending May's 33.5% increase, driven mainly by electronics products [1, 2, 3, 5].
Total merchandise trade grew 49.3% year-on-year in June, with total exports up 48.9% and imports rising 49.8%. The total trade value reached S$158.1 billion (US$122.5 billion) [1, 3, 5].
NODX expanded across all of Singapore's top 10 export markets in June, led by Taiwan, the United States, and South Korea [1, 2, 6, 3]. Reports vary on exact export growth figures to these countries. One source noted electronics exports to Taiwan surged 278.2% and those to the US rose 228.9%, while others cited more moderate increases around 123-135% for Taiwan and 62.9-67% for South Korea [1, 2, 6, 3, 4, 5].
OCBC Group Research chief economist Selena Ling said, "The resilient June NODX was single-handedly powered by electronics exports due to the AI boom." She added that June's exports rose across all top markets, with Taiwan expanding at a triple-digit pace for the second consecutive month. Ling also noted OCBC revised upward its full-year 2026 NODX growth forecast to 6% given the strong first half showing [3].
Preliminary data released earlier showed Singapore's economy grew 5.7% year-on-year in the second quarter of 2026, underscoring a robust trade and economic environment [6].
