Key exports rise 38.4% in May on AI-led electronics demand

Re-exports to Taiwan, Thailand, and Hong Kong increased.

Singapore’s non-oil domestic exports (NODX) rose 38.4% year-on-year in May, extending the 24.4% increase recorded in April, according to Enterprise Singapore.

Electronics surged almost 95%, faster than the 66.7% growth in the last month, on the back of artificial intelligence (AI) related demand.

The increase was attributed to integrated circuits (+80.9%), disk media products (+227.8%), and PCs (+140.9%).

Non-electronic NODX also grew 17.7% in May, following a 10.9% increase in April.

The main contributors were pharmaceuticals (+102.6%), specialised machinery (+66.9%), and non-monetary gold (+83.2%).

Exports grew 18.1% for the first five months of the year.

Meanwhile, non-oil re-exports (NORX) rose 33.6% in May.

Electronic NORX grew 47.5%, led by integrated circuits, other computer peripherals, and parts of PCs.

Non-electronic re-exports increased 14.4%, with growth led by non-monetary gold, specialised machinery, and measuring instruments.

By market, NORX to Taiwan, Thailand, and Hong Kong rose 77.1%, 134.0%, and 26.4%, respectively.

Follow the link for more news on

Enterprise Singapore

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