Singapore’s external trade recorded another month of strong growth in April 2026, led by robust demand for AI-related electronics products such as integrated circuits, disk media products, and PCs.
Singapore’s Non-oil Domestic Exports (NODX) expanded by 24.5% year-on-year in April 2026, extending the 15.3% growth recorded in March, according to a media release issued by Enterprise Singapore on 18 May 2026.
Electronic exports remained the main driver of growth, rising 66.7% in April due to strong AI-related demand. Growth was led by integrated circuits (ICs), disk media products, and PCs. Non-electronic exports also increased by 10.9%, supported by pharmaceuticals, specialised machinery, and measuring instruments.
Among Singapore’s major export markets, shipments to the United States, China, and South Korea recorded strong increases. Exports to the US surged 59.6%, while exports to China and South Korea rose 37.8% and 71.2% respectively.
Singapore’s Non-oil Re-exports (NORX) also posted solid growth, increasing 29.6% in April 2026, although this was slower than the 60.8% expansion seen in March. Electronics re-exports climbed 41.6%, supported by ICs, PCs, and telecommunications equipment.
Overall merchandise trade grew by 33.1% in April 2026 after a 38.3% rise in March. Total exports increased 31.8%, while imports rose 34.7%, showing continued strength in Singapore’s trade sector.
The report noted that AI-related demand continued to support Singapore’s electronics sector, especially in semiconductor-related products. Pharmaceuticals also contributed strongly to non-electronics export growth due to a low base from the previous year.
Source: Enterprise Singapore
