NODX surges 27.4% in Q2 as electronics exports hit record growth

Non-oil re-exports rose 40.1% in Q2.

Singapore’s non-oil domestic exports (NODX) grew 27.4% in Q2, accelerating from the 9.6% growth recorded in the first quarter, according to a review by Enterprise Singapore.

Electronics NODX surged 88.1% in Q2, faster than the 57.8% growth in Q1. The record surge was attributed to ICs and disk media products.

Non-electronics grew by 8% in Q2, reversing the 3.5% contraction in Q1, primarily due to specialised machinery and pharmaceuticals.

NODX to the top 10 markets grew as a whole in Q2, driven by Taiwan (+90.4%), the US (+58.9%), and South Korea (+67.1%), Enterprise Singapore data showed.

For 2026, NODX is forecasted to grow between 14% to 16% led by an electronics’ surge. However, growth is expected to slow in H2 compared to the highs of H1.

Non-oil re-exports (NORX) rose 40.1% in Q2, extending the 45.4% expansion in Q1, primarily driven by a 55.5% growth in electronics.

Total merchandise trade expanded by 40.2% in Q2 2026 following a 25.5% growth in Q1.

Total service trade jumped 9.9% in Q2, faster than the 5.3% rise in Q1.