DBS economists Taimur Baig and Radhika Rao anticipate Singapore’s April 2026 non-oil home exports to rise 11.5% year-on-year, marking an eighth consecutive month of growth after 15.3% in March. The efficiency is anticipated to be pushed by robust electronics benefiting from world synthetic intelligence demand, whereas non-electronics lag and petrochemicals face draw back dangers from Center East-related feedstock disruptions.
Electronics power offsets petrochemical dangers
“Singapore’s items export efficiency possible remained sturdy in April 2026, consistent with regional developments.”
“We count on non-oil home exports (NODX) to develop by 11.5% yoy in April, extending the growth for the eighth consecutive month, in contrast with 15.3% yoy in March.”
“The rise in NODX was possible supported by the prevailing pattern of superior momentum in electronics relative to weaker non-electronics shipments, as electronics continued to learn from world synthetic intelligence-related tailwinds.”
“We proceed to watch the impression of the Center East battle, with petrochemical shipments prone to be negatively affected by curtailed feedstock provide.”
(This text was created with the assistance of an Synthetic Intelligence instrument and reviewed by an editor.)
