Key export growth eases to 20.7% in June despite electronics surge

Non-electronic NODX fell 2.9%, reversing a 17.7% expansion in May.

Singapore’s key non-oil domestic exports (NODX) rose 20.7% year-on-year (YoY) in June, easing from the 38.4% growth in May, according to Enterprise Singapore data on 17 July.

The increase was attributed to strong electronics shipments, which offset a decline in non-electronic products.

Electronic NODX surged 105.1%, accelerating from a 94.8% rise in the past month, supported by demand linked to artificial intelligence.

Non-electronic exports fell 2.9%, reversing the previous month’s 17.7% growth.

The increase in electronics exports was led by integrated circuits, which rose 115.4% and contributed $1.9b to the YoY increase.

Exports of disk media products climbed 170.9%, adding $800m, whilst personal computer shipments grew 95.8%, contributing $500m.

The drop in non-electronic exports was mainly due to non-monetary gold, which fell 49% from a high base a year earlier, reducing exports by $900m.

A 27.9% decline followed this in petrochemical exports, whilst food preparations decreased 38.6%. Specialised machinery exports, however, increased by $700m.

Key exports grew 18.6% in the first six months of 2026.

Shipments to all of Singapore’s 10 largest markets increased in June, led by Taiwan, the US, and South Korea.

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