Insights for Singapore

MoM insights: In April 2026, Singapore's trade values showed significant month-on-month changes. For imports, the top three categories were Petroleum & Products & Related Materials with a trade value of 11.89B SGD, increasing by 1.94B SGD (19.48% increase), followed by Electrical Machinery Apparatus & Appliances Nes & Electrical Parts Thereof at 21.85B SGD, which rose by 1.4B SGD (6.87% increase). Office Machines & Automatic Data-Processing Machines saw an increase of 647.46M SGD (7.42%) to reach 9.37B SGD. Conversely, the lowest performing imports included Non-Ferrous Metals at 780.64M SGD, decreasing by 237.22M SGD (-23.31%), Animal Or Vegetable Fats & Oils with a drop of 106.11M SGD (-53.24%) to 93.2M SGD, and Essential Oils & Resinoids with a decline of 43.15M SGD (-6.96%) to 576.53M SGD. For exports, the top three categories were Petroleum & Products & Related Materials at 10.47B SGD, which increased by 3.43B SGD (48.64%), followed by Office Machines & Automatic Data-Processing Machines at 15.23B SGD, rising by 2.41B SGD (18.77%). Telecommunications & Sound-Recording & Reproducing Apparatus & Equipment increased by 1.13B SGD (27.72%) to reach 5.21B SGD. The lowest performing exports included Electrical Machinery Apparatus & Appliances Nes & Electrical Parts Thereof at 25.07B SGD, which decreased by 695.9M SGD (-2.70%), Medicinal & Pharmaceutical Products with a drop of 339.51M SGD (-28.97%) to 832.42M SGD, and Photographic Apparatus Equipment & Supplies with a decline of 26.92M SGD (-5.51%) to 461.93M SGD.

YoY insights: Year-on-year analysis for April 2026 revealed substantial growth in trade values. For imports, the top three categories were Electrical Machinery Apparatus & Appliances Nes & Electrical Parts Thereof at 21.85B SGD, increasing by 6.19B SGD (39.53%), followed by Office Machines & Automatic Data-Processing Machines at 9.37B SGD, which rose by 3.56B SGD (61.28%). Petroleum & Products & Related Materials saw an increase of 3.39B SGD (39.80%) to reach 11.89B SGD. The lowest performing imports included Animal Or Vegetable Fats & Oils at 93.2M SGD, decreasing by 84.15M SGD (-47.45%), Coffee, Tea, Cocoa, Spices & Manufactures with a drop of 22.82M SGD (-11.43%) to 176.81M SGD, and Fixed Vegetable Fats & Oils with a decline of 15M SGD (-23.09%) to 49.96M SGD. For exports, the top three categories were Electrical Machinery Apparatus & Appliances Nes & Electrical Parts Thereof at 25.07B SGD, increasing by 6.4B SGD (34.27%), followed by Petroleum & Products & Related Materials at 10.47B SGD, which rose by 4.42B SGD (73.06%). Office Machines & Automatic Data-Processing Machines increased by 4.08B SGD (36.65%) to reach 15.23B SGD. The lowest performing exports included Medicinal & Pharmaceutical Products at 832.42M SGD, decreasing by 196.8M SGD (-19.12%), Plastics In Primary Forms with a drop of 161.74M SGD (-14.42%) to 959.61M SGD, and Gas at 4.42M SGD, which saw a significant decline of 82.87M SGD (-94.93%).