Singapore’s key exports soar beyond expectations in September on AI and non-electronics boom

Non-oil domestic exports expanded 68.4% from a year ago, from August’s rise of 46.1%, driven by non-electronics.

ST PHOTO: KUA CHEE SIONG

Published Oct 16, 2026, 09:09 AM

Updated Oct 16, 2026, 09:34 AM

SINGAPORE – Singapore’s non-oil domestic exports (NODX) rose in September, extending from August’s expansion, led by non-electronics shipments, while electronics continued to rise amid strong AI-driven demand.

This marked the seventh consecutive month of double-digit expansion for the country’s NODX and far exceeded economists’ forecast of 32.2% in a Bloomberg poll.

Non-oil domestic exports (NODX) expanded 68.4% from a year ago, from August’s rise of 46.1%, driven by non-electronics, data from Enterprise Singapore on Oct 16 showed.

Non-electronics shipments expanded 54.2% year on year in September, following the previous month’s 11.9% increase.

The growth was led by a 124.3% jump in non-monetary gold exports and a 50.4% rise for specialised machinery. The year-on-year growth for structures of ships and boats was not cited, as the exceptionally high percentage growth reflects a low base effect in the same period in 2025.

Surging 107.6% in September following a 131.6% rise the previous month, electronic product shipments continued to climb on the back of robust AI demand.

Growth was driven by a 149.5% jump in personal computer exports. Shipments grew 312.4% for disk media products and 74.7% for integrated circuits (ICs), or chips.

NODX to the US, Taiwan and Hong Kong expanded in September, while NODX to India declined.

NODX to Taiwan expanded 96.9%, extending August’s 58.5% rise, driven by an 85.2% jump in non-electronic NODX.

NODX to Hong Kong surged 112.1% in September, following a 62.6% increase in August, propelled by a 183.4% jump in non-electronic shipments.

Key exports to the US, Singapore’s single-largest export market, expanded 73.2%, while those to India dipped 5.6%.

Non-oil domestic exports

Singapore economic data

非石油国内出口同比增长 68.4%，高于 8 月份的 46.1%，主要受非电子产品出口增长的推动。

《海峡时报》摄影：郭志雄

发布于 2026 年 10 月 16 日上午 9:09

更新于2026年10月16日上午9:34

新加坡——新加坡9月份非石油国内出口（NODX）延续了8月份的增长势头，主要得益于非电子产品出货量的增长；同时，在人工智能驱动的强劲需求下，电子产品出口继续增长。

这标志着该国非石油出口指数连续第七个月实现两位数增长，远远超过了彭博社调查中经济学家预测的 32.2%。

新加坡企业发展局10月16日公布的数据显示，受非电子产品出口的推动，非石油国内出口（NODX）同比增长68.4%，高于8月份的46.1%。

9 月份非电子产品出货量同比增长 54.2%，此前一个月增长了 11.9%。

此次增长主要得益于非货币黄金出口124.3%的激增和专用机械50.4%的增长。船舶结构件的同比增长未予公布，因为其异常高的百分比增长反映了2025年同期较低的基数效应。

继上月增长 131.6% 之后，9 月份电子产品出货量再次飙升 107.6%，这主要得益于强劲的人工智能需求。

个人电脑出口增长149.5%，带动了经济增长。磁盘介质产品的出货量增长了312.4%，集成电路（IC，即芯片）的出货量增长了74.7%。

9月份，对美国、台湾和香港的NODX出口有所增长，而对印度的NODX出口则有所下降。

NODX对台出口增长96.9%，延续了8月份58.5%的涨幅，主要得益于非电子NODX增长85.2%。

9 月份，香港的非电子产品出口额 (NODX) 增长了 112.1%，继 8 月份增长 62.6% 之后，这主要得益于非电子产品出货量增长了 183.4%。

新加坡对美国（新加坡最大的单一出口市场）的主要出口增长了 73.2%，而对印度的出口则下降了 5.6%。

非石油国内出口

新加坡经济数据