Singapore’s non-oil domestic exports rose nearly 70% in September
Enterprise Singapore's figures released on 16 October show a sharp rise in September non-oil domestic exports. A large increase in structures of ships and boats drove the non-electronics result, while disk media, integrated circuits and PCs lifted electronics exports.
Enterprise Singapore reported that Singapore's non-oil domestic exports, or NODX, rose 68.4% from a year earlier in September 2026, after a 46.1% increase in August. The official September trade release was issued on Friday, 16 October.
Non-electronic NODX increased 54.2% from a year earlier, compared with 11.9% in August. EnterpriseSG identified structures of ships and boats as the main driver, with their year-on-year export value up S$3.7 billion. Non-monetary gold and specialised machinery contributed increases of S$1.1 billion and S$1.0 billion respectively. The agency described the ship-structure movement as lumpy. It omitted a percentage growth rate for that category because the comparable period a year earlier was unusually low.
Electronic NODX rose 107.6% year on year, following a 131.6% increase in August. EnterpriseSG linked the continued surge to AI-related demand. Within electronics, the year-on-year value increases were S$1.7 billion for disk media products, S$1.5 billion for integrated circuits and S$0.9 billion for PCs. The same categories rose 312.4%, 74.7% and 149.5% respectively from a year earlier, according to the release.
NODX to Malaysia rose 39.6% from a year earlier in September, while exports to Thailand rose 31.4% and Indonesia 23.2%. Electronics led the increase in each of those three markets: electronic NODX rose 54.1% to Malaysia, 55.8% to Thailand and 154.7% to Indonesia. Non-electronic NODX rose 25.1%, 19.0% and 2.2% to the same markets respectively. EnterpriseSG also reported NODX growth of 73.2% to the United States, 96.9% to Taiwan and 112.1% to Hong Kong, while exports to India declined.
Non-oil re-exports expanded 47.8% year on year, easing from 53.2% in August. Within re-exports, electronics rose 64.2% and non-electronics 22.1% from a year earlier. Total merchandise trade grew 50.8%, with total exports up 51.5% and imports up 49.9%. Over the first nine months of 2026, NODX grew 27.6% from the same period a year earlier, EnterpriseSG said.
