Insights for Singapore

MoM insights: In April 2026, Singapore's imports from Malaysia saw a significant increase of 1.65B SGD, representing a 25.4% rise compared to the previous month. Thailand also experienced a notable growth of 769.4M SGD, with a 35.1% increase. South Korea's imports rose by 657.5M SGD, marking a 15.3% increase. On the lower end, imports from Switzerland decreased by 691M SGD, a drop of 36.3%. The Philippines and Japan also saw declines of 392.5M SGD and 369.8M SGD, respectively, with percentage changes of -39.1% and -10.1%. For exports, the United States led with an increase of 1.83B SGD (30.6%), followed by Indonesia with 1.46B SGD (42.6%). Mexico's exports rose by 1.34B SGD, a 60.7% increase. Conversely, Hong Kong's exports fell by 1.31B SGD (-13.5%), Cambodia by 1B SGD (-43.5%), and China by 187.2M SGD (-2.2%).

YoY insights: Year on year, imports from Chinese Taipei surged by 7.14B SGD, a remarkable 76.3% increase. Malaysia's imports also rose by 2.02B SGD (33.0%), while Vietnam saw a significant increase of 1.58B SGD (143.0%). On the downside, imports from Qatar dropped by 390.6M SGD (-89.9%), Kuwait by 330.8M SGD (-93.7%), and Mexico by 310.8M SGD (-36.5%). In terms of exports, Chinese Taipei's exports increased by 4.27B SGD (47.7%), Thailand by 2.96B SGD (94.9%), and Mexico by 2.14B SGD (151.0%). However, exports to Indonesia fell by 624.6M SGD (-11.3%), Puerto Rico by 218.6M SGD (-78.8%), and the United Arab Emirates by 178.4M SGD (-26.2%).