Insights for Singapore

MoM insights: In May 2026, Singapore's imports saw a total trade value of 59.91B SGD, reflecting a slight decrease of 74.36M SGD, which corresponds to a -0.0012% change. The top three products with the highest month-on-month increases in imports were Office Machines & Automatic Data-Processing Machines (1.45B SGD, 15.47%), Miscellaneous Manufactured Articles Nes (197.04M SGD, 8.62%), and Manufactures Of Metals Nes (97.02M SGD, 13.5%). Conversely, the three products with the largest decreases were Petroleum & Products & Related Materials (-1.24B SGD, -10.43%), Telecommunications & Sound-Recording & Reproducing Apparatus & Equipment (-280.19M SGD, -6.66%), and Non-Ferrous Metals (-211.89M SGD, -27.1%). For exports, the total trade value was 64B SGD, with a significant drop of 9.79B SGD, equating to a -13.27% change. The top three exports with the highest month-on-month increases were Electrical Machinery Apparatus & Appliances Nes & Electrical Parts Thereof (870.9M SGD, 3.48%), Miscellaneous Manufactured Articles Nes (254.67M SGD, 7.24%), and Medicinal & Pharmaceutical Products (171.67M SGD, 20.67%). The largest decreases were seen in Office Machines & Automatic Data-Processing Machines (-7.23B SGD, -47.5%), Telecommunications & Sound-Recording & Reproducing Apparatus & Equipment (-1.52B SGD, -29.1%), and Petroleum & Products & Related Materials (-1.38B SGD, -13.16%).

YoY insights: Year on year, Singapore's imports totaled 59.91B SGD, showing a substantial increase of 20.69B SGD, which is a 52.77% rise. The top three products with the highest year-on-year increases in imports were Electrical Machinery Apparatus & Appliances Nes & Electrical Parts Thereof (7.29B SGD, 50.05%), Office Machines & Automatic Data-Processing Machines (7.2B SGD, 199.22%), and Petroleum & Products & Related Materials (2.53B SGD, 31.11%). The three products with the largest decreases were Coffee, Tea, Cocoa, Spices & Manufactures (-79.61M SGD, -33.09%), Footwear (-17.05M SGD, -16.46%), and Beverages (-16.6M SGD, -4.82%). For exports, the total trade value was 64B SGD, with an increase of 17.75B SGD, representing a 38.38% rise. The top three exports with the highest year-on-year increases were Electrical Machinery Apparatus & Appliances Nes & Electrical Parts Thereof (8.24B SGD, 46.53%), Petroleum & Products & Related Materials (3.36B SGD, 58.56%), and Office Machines & Automatic Data-Processing Machines (2.13B SGD, 36.43%). The largest decreases were in Medicinal & Pharmaceutical Products (-186.61M SGD, -15.67%), Non-Ferrous Metals (-108.47M SGD, -23.88%), and Plastics In Primary Forms (-93.28M SGD, -9.37%).