Singapore’s external trade continued to grow in February 2026, though at a slower pace, driven mainly by electronics exports.
Singapore’s external trade recorded continued growth in February 2026, according to data released by Enterprise Singapore on 17 March 2026 in Singapore.
Non-oil domestic exports (NODX) increased by 4.0% in February, following a stronger 9.2% growth in January. The rise was mainly supported by electronics exports such as integrated circuits and disk media products. However, non-electronic exports declined, with drops seen in items like non-monetary gold, food preparations, and petrochemicals.
Non-oil re-exports (NORX) grew by 21.9% during the same period, although this was slower than January’s 51.3% increase. Growth in NORX was driven largely by electronics, including personal computers and telecommunications equipment, while non-electronic exports saw only slight gains.
Overall, total merchandise trade rose by 13.6% in February 2026, easing from the 23.8% growth recorded in January. Both exports and imports contributed to the increase, with exports growing by 11.0% and imports rising by 16.6%.
Key export markets showed mixed performance. Exports to South Korea, Taiwan, and Hong Kong increased, while shipments to the United States, China, Indonesia, and India declined.
The report highlights that while Singapore’s trade sector remains resilient, growth has moderated compared to the previous month, reflecting changing global demand conditions.
Source: Enterprise Singapore
