Enterprise Singapore reports strong growth in exports and trade, driven by electronics and global demand.

Enterprise Singapore (EnterpriseSG) reported strong growth in Singapore’s external trade for March 2026, reflecting a positive outlook for the country’s economy. The data was released on 17 April 2026 in Singapore.

Non-oil domestic exports (NODX) rose by 15.3% in March 2026, following a 4.0% increase in February. The growth was mainly driven by the electronics sector, which expanded significantly due to strong global demand linked to artificial intelligence technologies. Key contributors included integrated circuits (ICs), personal computers, and disk media products.

Although non-electronic exports saw a slight decline of 0.6%, overall export performance remained strong. Over the first three months of 2026, NODX recorded a healthy growth of 9.6%, showing steady progress in Singapore’s trade sector.

Non-oil re-exports (NORX) also showed impressive performance, increasing by 61.4% in March 2026. This followed a 21.9% rise in February. Growth was led by electronics, especially ICs and other computer-related products, alongside gains in non-electronic items such as non-monetary gold and specialised machinery.

Singapore’s top markets, including Hong Kong, Taiwan, and China, recorded strong growth in exports. Increased demand for electronics and machinery supported this positive trend, highlighting Singapore’s strong position in global trade.

Overall, total merchandise trade grew by 38.5% in March 2026, building on the 13.6% increase in the previous month. Both exports and imports expanded, with total exports rising by 41.2% and imports by 35.5%.

EnterpriseSG noted that the strong performance reflects continued global demand, especially in technology sectors, and Singapore’s ability to adapt and remain competitive in international markets.

The agency added that the data may be updated over time to align with international standards, but current figures show encouraging growth and resilience in Singapore’s trade sector.

Source: Enterprise SG