NODX climbs 24.5% in April on electronics demand

US, China, and South Korea shipments increased as total trade growth accelerated.

Singapore’s non-oil domestic exports (NODX) rose 24.5% year on year (YoY) in April, building on the 15.3% growth recorded in March, according to data from Enterprise Singapore.

This also outpaced the 12.4% growth recorded in April 2025, when electronics and non-electronics exports also expanded. Total trade grew 14.7% YoY during that period as exports and imports increased, according to Enterprise Singapore.

Exports in April 2025 rose 22.1%, driven by a 31.1% increase in non-oil exports, partially offset by a 16.4% decline in oil exports. Total imports grew 7.0%.

Electronic NODX grew 66.7% in April, supported by demand for artificial intelligence-related products. Integrated circuits (ICs), disk media products, and personal computers were the main contributors to the increase.

Non-electronic NODX rose 10.9%, reversing the 0.6% decline in March with growth led by pharmaceuticals, specialised machinery, and measuring instruments.

For the first four months of 2026, NODX increased 13.5%, the report noted.

Amongst Singapore’s top export markets, shipments to the US, China, and South Korea expanded in April, whilst exports to Indonesia declined.

Exports to the US rose 59.6%, driven by pharmaceuticals, disk media products, and measuring instruments whilst shipments to China increased 37.8% on higher exports of specialised machinery, non-monetary gold and ICs.

Exports to South Korea climbed 71.2%, supported by ICs, specialised machinery, and PCs, the report noted.

Non-oil re-exports (NORX) rose 29.6% in April, easing from the 60.8% growth recorded in March.

Electronic NORX increased 41.6%, whilst non-electronic NORX rose 9.1%. The increase was driven by ICs, PCs, telecommunications equipment, non-monetary gold, specialised machinery, and measuring instruments.

Singapore’s total merchandise trade grew 33.1% YoY in April, following a 38.3% increase in March.

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