Singapore’s non-oil domestic exports (NODX) grew 20.7% year-on-year in June 2026, moderating from a marginally revised 38.4% jump in May and falling short of forecasts of 30.2%. It was the ninth straight month of expansion, though the slowest growth since March, with electronics continuing to grow strongly (105.1% vs 94.8% in May), supported by robust AI-related demand. Electronic exports were driven mainly by disk media products (170.9%), ICs (115.4%), and PCs (95.8%).