Singapore Trade Trends March 2026

According to data published by Singapore’s Department of Statistics, exports rose by 41.2 per cent and imports increased by 35.5 per cent on a yearly basis during March 2026. The total merchandise trade grew by 38.5 per cent during the same period.

Electronics domestic exports rose by 74 per cent in March 2026, a significant increase from the 43.1 per cent performance achieved in February fuelled by a strong demand for the AI sector and a low reference base a year ago. As the main contributors to this increase, chips exports extended by 113.8 per cent, PCs by 57.3 per cent and Disk Media Products by 78.3 per cent.

Non-Electronics domestic exports declined by 0.6 per cent in March 2026, followed by 42 per cent decline in Food Preparations and 18.4 per cent drop in Pharmaceuticals exports.

Non-Oil Domestic Exports to China increased in March 2026, and declined for Indonesia, the EU, the US 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.