Singapore Trade Trends April 2026

Based on figures released by Singapore’s Department of Statistics, year-on-year exports rose by 31.8 percent while imports expanded by 34.7 percent throughout April 2026. Overall merchandise trade recorded a 33.1 percent growth during this timeframe, coming after a 38.3 percent rise observed in March 2026.

Electronics domestic exports rose by 66.7 per cent in April 2026, fuelled by a strong demand for AI. As the main contributors to this increase, Disk Media Products extended by 148.9 per cent, chips exports by 82.7 per cent and PCs by 35.7 per cent.

Non-electronics domestic exports grew by 10.9 per cent in April 2026, supported by a 97.1 per cent growth in pharmaceuticals exports and a 60.5 per cent increase in measuring instruments products.

Non-oil domestic exports to China and South Korea increased in April 2026, and declined for the US, Indonesia, the European Union and Thailand.

In its latest outlook, the International Monetary Fund estimated Singapore GDP growth rate to be 1.8 per cent in 2026.

The Association of Southeast Asian Nations (ASEAN) is a political and economic union of ten members, has 667 million people and a territory of 4.5 million Km2; is currently the third largest economy in Asia-Pacific and the fifth largest in the World. The ASEAN Economic Community (AEC) has a combined GDP of USD 4.2 trillion, according to estimates for 2025.