FX.co ★ Singapore’s Non-Oil Exports Accelerate in July, Extending Year-on-Year Growth Momentum

Singapore’s non-oil domestic exports (NODX) strengthened in July 2026, with year-on-year growth rising to 24.20%, up from 20.80% in June 2026, according to data updated on 17 August 2026. The figures reflect an acceleration in export performance compared with the same period a year earlier.

On a year-over-year basis, June’s 20.80% increase had already signaled robust external demand, but July’s 24.20% gain suggests further momentum in Singapore’s non-oil export sector. The comparison is made between each month’s performance and the corresponding month a year earlier, highlighting sustained improvement rather than short-term volatility.

The back-to-back double-digit expansion in June and July underscores Singapore’s continued strength in non-oil trade, a key pillar of the city-state’s export-driven economy. Investors and policymakers will be watching upcoming releases to assess whether this accelerating growth trend can be maintained in the second half of 2026.