Singapore's Q1 non-oil domestic exports rise 9.6 pct year-on-year on AI demand-Xinhua

Singapore's Q1 non-oil domestic exports rise 9.6 pct year-on-year on AI demand

Source: Xinhua

Editor: huaxia

2026-05-25 10:42:30

SINGAPORE, May 25 (Xinhua) -- Singapore's non-oil domestic exports (NODX) rose 9.6 percent year-on-year in the first quarter, marking a stronger-than-expected performance after a 12.7 percent increase in the previous quarter, according to data released Monday by Enterprise Singapore.

Electronic exports surged 57.8 percent from a year earlier, while non-electronic exports fell 3.5 percent.

"For 2026, NODX growth is expected to be supported by electronics amid strong AI-related demand, notwithstanding uncertainties from the Middle East conflict and potential re-escalation of trade tensions," Enterprise Singapore said in a report.

Non-oil re-exports climbed 45.4 percent year-on-year in the first quarter, driven mainly by electronics shipments.

Singapore's total merchandise trade expanded 25.6 percent year-on-year during the quarter, with both exports and imports posting growth, while total services trade increased 4.4 percent.