DBS Group Analysis expects Singapore’s non-oil home exports to rise for a seventh consecutive month in March 2026, accelerating to 10.3% year-on-year from 4.0% in February. Electronics exports are seen outperforming on world AI demand, whereas non-electronics could rebound as Lunar New 12 months base results fade, although petrochemicals doubtless face strain from a Center East-related naphtha provide crunch.
NODX development led by electronics
“We anticipate Singapore’s non-oil home exports (NODX) to maintain development for a seventh consecutive month in March 2026, increasing by a quicker tempo of 10.3% yoy, in contrast with 4.0% yoy in February.”
“The efficiency was doubtless supported by superior development of electronics home exports relative to weaker non-electronics shipments, as electronics continued to be bolstered by world AI tailwinds.”
“Whereas non-electronics home exports could have rebounded as adversarial base results from the earlier month’s Lunar New 12 months pale, segments comparable to petrochemicals have been doubtless underneath strain on account of a naphtha feedstock provide crunch stemming from the Center East battle.”
(This text was created with the assistance of an Synthetic Intelligence instrument and reviewed by an editor.)
