July key exports rise 24.2% on AI-driven electronics demand

Electronics NODX jumped 112% from 105.1% in June.

Singapore’s non-oil domestic exports (NODX) rose 24.2% in July, extending the 20.8% increase in June, as electronics continued to benefit from artificial intelligence (AI)-related demand.

Electronics NODX jumped 112% from 105.1% in June, driven primarily by disk media products, integrated circuits (ICs), and personal computers (PCs), according to Enterprise Singapore (EnterpriseSG).

Exports of disk media products surged 339.1%, whilst PCs grew 120.8%. ICs increased 84.5%.

Overall NODX climbed 19.4% in the first seven months of 2026.

Exports to the US rose 62.8% in July, driven by disk media products, PCs, and telecommunications equipment.

Shipments to China also grew 37.6%, supported by specialised machinery, non-monetary gold and ICs, whilst NODX to Taiwan increased 32.4%. Exports to Hong Kong rose 36.4%, whilst those to South Korea advanced 53.3%.

In contrast, NODX to the European Union fell 35.5%.

Meanwhile, non-electronic exports slipped 2.3%, following a 2.8% decrease in the past month.

EnterpriseSG said the contraction was led by pharmaceuticals, which dropped 56.7% from a high base a year earlier, alongside declines in petrochemicals and food preparations.

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