Singapore Non‑Oil Exports Surge 38.4% YoY

Singapore Non‑Oil Export Growth in May 2026

Singapore’s non‑oil domestic exports rose 38.4% in May 2026 compared with May 2025, according to government data released on 17 June 2026. The increase exceeded the consensus forecast of 30.0% and represents the largest year‑on‑year rise in export readings over the past twenty years.

The surge was driven by strong demand for artificial‑intelligence‑related products, notably integrated circuits, disk‑media products and personal computers, as reported by Enterprise Singapore. Exports to the United States, Taiwan and China all posted substantial gains, while shipments to Indonesia fell relative to the previous year.

Electronics exports to the United States jumped 303% on an annual basis, and shipments to Taiwan increased 218.6% year‑on‑year. The data underscore the impact of AI‑driven demand on Singapore’s export profile.