Singapore’s key exports soar beyond expectations in September on AI and non-electronics boom
This marks the seventh consecutive month of double-digit expansion.
Singapore's non-oil domestic exports (NODX) experienced a remarkable surge in September, surpassing analysts' expectations and expanding by an impressive 68.4% year-on-year. This growth was primarily fueled by the booming non-electronics sector, which witnessed a substantial 54.2% increase in shipments compared to the previous month.
The surge in non-electronics exports was driven by a staggering 124.3% jump in non-monetary gold exports and a 50.4% rise in specialized machinery. Additionally, structures of ships and boats also saw remarkable growth, although the percentage increase was attributed to a low base effect in the same period in 2025.
Meanwhile, the electronics sector continued to expand, with shipments increasing by 107.6% in September, following a 131.6% growth in the prior month. This growth was primarily driven by a 149.5% jump in personal computer exports, along with substantial increases in disk media products (312.4%) and integrated circuits (74.7%).
Singapore's exports to various key markets also saw significant growth. Exports to the US expanded by 73.2%, while shipments to Taiwan surged by 96.9%, driven by an 85.2% increase in non-electronic exports. Hong Kong also experienced a robust 112.1% rise in September, propelled by a 183.4% jump in non-electronic shipments. In contrast, exports to India declined by 5.6%.
Written by urgent.news from Straits Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
