FX.co ★ Singapore’s Non-Oil Exports Accelerate in May, Marking Stronger Year-on-Year Rebound

Singapore’s non-oil domestic exports (NODX) recorded a sharp improvement in May 2026, with year-on-year growth rising to 38.40%, up from 24.40% in April 2026. The latest data, updated on 17 June 2026, show a continued strengthening in export momentum compared with the same period a year earlier.

The figures are calculated on a year-over-year basis, meaning the May 2026 outcome reflects the change relative to May 2025, while April’s reading compares against April 2025. The acceleration from April to May suggests that external demand for Singapore’s non-oil goods has continued to firm, reinforcing the island state’s position as a key regional trading hub.

With both April and May showing solid positive growth versus a year ago, the latest data point to a sustained recovery pattern in non-oil exports, an important barometer for Singapore’s broader trade-dependent economy.