April 2026 non-oil domestic exports forecast to rise 11.5% year-on-year, extending an eight-month expansion streak.
Singapore’s non-oil domestic exports (NODX) are projected to grow 11.5% year-on-year in April 2026, marking the eighth consecutive month of expansion. The increase follows a 15.3% rise in March and is driven by robust electronics demand tied to global artificial intelligence trends.
Electronics shipments continue to outperform, offsetting weaker non-electronics and petrochemicals, which face risks from Middle East feedstock disruptions. Regional export trends align with Singapore’s performance, though downside pressures persist in non-tech sectors.
The outlook remains tied to AI-driven demand, while geopolitical tensions in the Middle East could weigh on petrochemical exports.