NODX up 4% in February amidst mixed market trends

Electronic NODX continued to drive growth.

Singapore’s non-oil domestic exports (NODX) rose 4% in February 2026, slowing from the 9.2% growth recorded in January, according to the latest data from Enterprise Singapore.

Electronic NODX continued to drive growth, increasing 43.2% in February, although down from January’s 56.1% surge.

Meanwhole, non-electronic products fell 6.9%, following a 3.1% decline the previous month.

Overall, NODX expanded 6.7% over the first two months of 2026, smoothing out the effects of shifting Lunar New Year holidays.

Exports to South Korea, Taiwan, and Hong Kong increased, but shipments to the US, Indonesia, India, and China declined.

Non-oil re-exports (NORX) rose 21.9% in February, moderating from January’s 51.3% growth.

The increase was largely led by electronic NORX, which grew 40.9%, whilst non-electronic NORX saw marginal growth of 0.5%.

Total merchandise trade also increased 13.6% in February 2026, down from a 23.8% expansion in January.

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