Singapore’s Non-Oil Exports Surge 46.2% in August on Strong AI Demand

Singapore’s non-oil domestic exports surged 46.2 per cent year-on-year in August, accelerating sharply from the 24.1 per cent growth recorded in July as strong demand for artificial intelligence-related products continued to drive the country’s electronics trade.

The latest increase was the strongest recorded in the available data and marked another month of rapid export growth for Singapore. Enterprise Singapore said the performance was supported by robust demand for electronic products linked to the global AI build-out.

Electronic non-oil domestic exports jumped 131.8 per cent in August, compared with 112 per cent growth in July. Disk media products were among the biggest contributors, with exports rising 290.2 per cent, while personal computer exports increased 237.9 per cent.

Integrated circuit exports also rose strongly, increasing 90.9 per cent from a year earlier. The figures highlight the continued importance of AI-related demand to Singapore’s electronics manufacturing and export performance.

Non-electronic exports also contributed to the overall increase. They grew 12 per cent in August after declining 2.4 per cent in July, supported by higher exports of non-monetary gold and specialised machinery.

Singapore’s exports to several major markets also increased during the month. Non-oil domestic exports to the United States, China and South Korea recorded strong growth, while exports to the 27 European Union countries declined.

For the first eight months of 2026, Singapore’s non-oil domestic exports were up 22.4 per cent from the same period a year earlier.

Non-oil re-exports also continued to expand, rising 53.3 per cent in August after increasing 51.3 per cent in July. Electronic re-exports grew 68 per cent, while non-electronic re-exports also recorded growth.

Overall merchandise trade rose 44.5 per cent in August, accelerating from the 38.3 per cent increase in July. Total trade reached S$156.9 billion, comprising S$84.7 billion in exports and S$72.2 billion in imports.

The strong performance underscores the continuing impact of global AI investment on Singapore’s trade sector, particularly through demand for semiconductors, data-storage products and computers.