Singapore’s non‑oil domestic exports up 9.6pc in 1Q on AI‑related demand

SINGAPORE, May 25 — Singapore’s non-oil domestic exports (NODX) grew by 9.6 per cent during the first quarter of 2026 (1Q 2026), supported by resilient artificial intelligence (AI)-related demand, according to Enterprise Singapore (EnterpriseSG).

In a statement, it said the growth was driven by electronics export expansion, primarily supported by integrated circuits (ICs) and disk media products, while exports of non-electronics declined.

EnterpriseSG said the 2026 NODX is expected to grow by 3.0-5.0 per cent, underpinned by the better-than-expected NODX performance to-date, as well as continued resilience in AI-related demand.

“The updated forecast remains consistent with the International Monetary Fund and World Trade Organisation’s projection of softer growth in global trade volumes in 2026, while also factoring in high base effects in the latter half of the year.

“Downside risks include a prolonged conflict in West Asia and a potential re-escalation of trade tensions,” it said on Monday.

Meanwhile, EnterpriseSG said the republic’s non-oil re-export expanded by 45.4 per cent in 1Q 2026,  extending the 19.7 per cent increase in the previous quarter

Total merchandise trade rose by 25.6 per cent during the quarter, while total services trade grew by 4.4 per cent. — Bernama

المصدر: Malay Mail