September key exports jump 68.4% on ship shipments and AI demand

Non-electronics NODX grew 54.2% from 11.9% in August.

Non-oil domestic exports (NODX) jumped 68.4% year-on-year in September, extending August's 46.1% growth, according to Enterprise Singapore.

The expansion was driven by non-electronics, alongside continued demand for artificial intelligence (AI)-related electronics.

Non-electronics NODX expanded 54.2%, up from 11.9% in the previous month, led by structures of ships and boats, which contributed $3.7b to the increase.

Non-monetary gold and specialised machinery also contributed $1.1b and $1.0b, respectively.

Meanwhile, electronics exports rose 107.6%, moderating from 131.6% in August.

Growth was supported by disk media products (+312.4%), integrated circuits (+74.7%), and personal computers (+149.5%), contributing $1.7b, $1.5b, and $0.9b, respectively.

By market, exports to Hong Kong surged 112.1%, followed by Taiwan (+96.9%) and South Korea (+96.0%).

Exports to the US grew 73.2%, easing from 90.9%. However, shipments to India declined 5.6%, reversing the previous month's 23.6% growth.

NODX expanded 27.6% in the first nine months.

Separately, non-oil re-exports grew 47.8% in September, moderating from 53.2% in the previous month. Electronic re-exports climbed 64.2%, whilst non-electronic re-exports rose 22.1%.

Total merchandise trade expanded 50.8%, extending the 44.4% increase in August, as total exports and imports rose 51.5% and 49.9%, respectively.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia