Electronics surge drives 9.3% jump in January exports

Growth was supported by a strong demand for AI-related products.

Singapore’s non-oil domestic exports (NODX) rose 9.3% year-on-year (YoY) in January, up from a 6.1% increase in December 2025.

The growth was driven by electronics, which grew 56.1% in the same month, according to an Enterprise Singapore report.

The sector’s expansion was supported by strong demand for artificial intelligence-related products and a low base a year earlier, when electronic NODX stood at $3.1b during the Lunar New Year period, below the 2025 monthly average of $3.7b.

Within electronics, integrated circuits surged by $1.3 billion, whilst disk media products increased by $300m

In contrast, non-electronic NODX declined by 3% YoY in January, reversing a 0.8% expansion in December.

The fall was attributed to specialised machinery, food preparations and petrochemicals, which declined by $400m, $400m, and $300m respectively.

The decrease was partly offset by a $300m increase in non-monetary gold, supported by higher gold prices and demand for safe-haven assets amid economic uncertainty.

Meanwhile, non-oil re-exports (NORX) increased by 51.4% in January, following a 15% growth in the previous month.

Electronic NORX expanded by 69.4%, whilst non-electronic NORX rose 24.2% after a 4.5% contraction in December.

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