Singapore Trade Trends Sep 2026

Based on figures released by Singapore’s Department of Statistics, year-on-year exports rose by 51.5 percent while imports expanded by 49.9 percent throughout September 2026. Overall merchandise trade recorded a 50.8 percent growth during this timeframe, coming after a 44.4 percent rise observed in August 2026.

Electronics domestic exports rose by 107.6 per cent in September 2026, fuelled by a strong demand for AI. As the main contributors to this increase, Integrated Circuits (ICs) extended by 46.9 per cent, parts of PCs by 302 per cent and Other Computer Peripherals by 378.8 per cent.

Non-electronics domestic exports grew by 54.2 per cent in September 2026, supported by a 121.1 per cent growth in specialized machinery and a 9.1 per cent increase in non-electric engines and motors.

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

In its latest outlook, the International Monetary Fund estimated Singapore GDP growth rate to be 5 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.