Non-oil domestic exports rose by 9.3% while total merchandise trade grew 23.8% year-on-year, according to Enterprise Singapore.
Singapore’s external trade recorded strong growth in January 2026, based on data released by Enterprise Singapore on Monday, 16 February 2026 .
Non-oil domestic exports (NODX) rose by 9.3% in January 2026, extending the 6.1% increase in December 2025 . The growth was mainly driven by electronics, which expanded by 56.1% year-on-year due to strong demand for integrated circuits (ICs) and disk media products. However, non-electronic exports declined by 3.0% during the same period .
Among Singapore’s key markets, exports to China, Hong Kong and the European Union increased in January 2026. In contrast, exports to the United States and Indonesia declined .
Non-oil re-exports (NORX) surged by 51.4% in January 2026, extending the 15.0% growth recorded in December 2025 . The increase was largely driven by electronic re-exports, which grew by 69.4%. Non-electronic re-exports also rose by 24.2% .
Overall, total merchandise trade expanded by 23.8% in January 2026, building on a 12.3% increase in December 2025 . Total exports grew by 30.4%, while total imports increased by 16.6% year-on-year .
Enterprise Singapore stated that the data is provided on an “as is” basis and may be updated or revised to align with international reporting standards.
Source: Enterprise Singapore
