Export prices sink 6.2% as oil plunges 18.2% in January

Despite a 17% fall in imported oil, Singapore export prices dropped 0.6% month-on-month.

The Import Price Index fell year-on-year (YoY) 3.7%, led by a 17.0% drop in oil prices in January 2026 even whilst reversing December’s 1.3% drop by rising a modest 0.3% month-on-month (MoM), according to the Singapore Department of Statistics’ (SingStat) Import and Export Price Indices report for January 2026.

The Oil index’s 17.0% dip was mainly due to lower prices of petroleum and products, while the Non-oil index increased 0.3% due to the machinery & transport equipment, miscellaneous manufactured articles, manufactured goods, and crude materials indices.

These increases were partially offset by falls in chemicals, beverages & tobacco, food, and oils.

According to the same report, the Export Price Index fell 6.2% compared to January 2025 with both oil and non-oil down at 18.2% and 3.3%, respectively. It also continued December’s 1.0% decline by falling a further 0.6%.

Export prices dropped YoY 6.2%, with oil down 18.2% and non-oil down 3.3%, partially offset by rises in miscellaneous manufactured articles and crude materials.

On a monthly basis, 2.1%, whilst non-oil prices decreased 0.3%, driven by lower machinery, chemicals, food, beverages, and oils.

Follow the link for more news on

Department of Statistics

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia