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Singapore's non-oil exports rose 9.3% in Jan 2026, led by AI-driven electronics growth, with revised 2026 forecasts at 2%-4%.
Singapore's non-oil domestic exports rose 9.3% year-on-year in January 2026, below the 12.1% forecast, driven by a 56.1% surge in electronics exports fueled by AI-related demand for integrated circuits, disk media, and personal computers.
Non-electronics exports declined 3%, weighed down by falls in machinery, food, and petrochemicals.
Exports to China, Hong Kong, and the EU grew significantly, while shipments to the U.S. and Indonesia dropped.
The government raised its 2026 NODX and GDP growth forecasts to 2%-4%, citing strong 2025 performance and ongoing trade momentum despite uneven sectoral results and external risks.
Las exportaciones no petroleras de Singapur aumentaron un 9,3% en enero de 2026, lideradas por el crecimiento de la electrónica impulsada por la IA, con pronósticos revisados para 2026 en un 2%-4%.