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Singapore Non-Oil Exports Surge 24.5% in April Driven by AI Chip Demand

GateNews

2026-05-18 07:41:35

According to Enterprise Singapore data released on May 18, Singapore’s non-oil domestic exports rose 24.5% year-over-year in April, led by electronics and pharmaceuticals. Electronics exports jumped 66.7%, driven by stronger shipments of chips, disk media products, and personal computers, while non-electronics exports increased 10.9% on demand for pharmaceuticals, specialised machinery, and measuring instruments.

Exports to the US surged 59.6%, while shipments to China and South Korea climbed 37.8% and 71.2% respectively. Total exports increased 31.8% as oil exports rose 55.2%.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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