18 May 2026, 04:31  Singapore: NODX Rises the Most Since 2012.

Singapore’s non-oil domestic exports (NODX) jumped 24.5% yoy in April 2026, accelerating sharply from a 15.3% rise in March. This marked the eighth consecutive month of expansion and the fastest growth since February 2012, with electronics continuing to grow strongly (66.7% vs 73.9% in March), supported by robust AI-related demand. Electronic exports were driven mainly by disk media products (148.9%), ICs (82.7%), and PCs (35.7%). Meanwhile, non-electronics grew 10.9%, rebounding sharply from a 0.6% fall in March, due to higher shipments of pharmaceuticals (97.1%), measuring instruments (60.5%), and specialised machinery (23.6%). By destination, shipments increased to South Korea (71.2%), Hong Kong (63.2%), the US (59.6%), China (37.8%), Taiwan (33.5%), Malaysia (19.7%), India (13.0%), Thailand (11.2%), and the EU (33.4%). However, exports to Indonesia plunged by 60.8%. Monthly, NODX climbed 11.0%, after a 3% rise in March, marking the fastest increase since last September.

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