Insights for Singapore

MoM insights: In the month-on-month analysis, imports saw a significant increase, with the total trade value rising to 47.11B SGD, reflecting a 5.58B SGD increase (13.43%). The top three products contributing to this growth were Office Machines & Automatic Data-Processing Machines (6.32B SGD, +2.88B SGD, +83.92%), Electrical Machinery Apparatus & Appliances (18.15B SGD, +1.16B SGD, +6.82%), and Miscellaneous Manufactured Articles (2.42B SGD, +735.67M SGD, +43.76%). Conversely, the bottom three products were Medicinal & Pharmaceutical Products (545.48M SGD, -152.49M SGD, -21.85%), Photographic Apparatus Equipment (485.31M SGD, -42.88M SGD, -8.06%), and Professional Scientific Instruments (1.55B SGD, -27.92M SGD, -1.76%). Exports experienced a modest increase, totaling 52.02B SGD, with a slight rise of 332.46M SGD (0.64%). The leading products were Office Machines & Automatic Data-Processing Machines (7.05B SGD, +967.76M SGD, +15.99%), Petroleum & Products (5.84B SGD, +870.01M SGD, +17.51%), and Telecommunications Equipment (4.09B SGD, +726.69M SGD, +21.58%). The bottom performers included Organic Chemicals (734.64M SGD, -3.29B SGD, -81.74%), Oil Bunkers (2.76B SGD, -123.6M SGD, -4.29%), and Non-Metallic Mineral Manufactures (174.01M SGD, -24.82M SGD, -12.48%).

YoY insights: In the year-on-year analysis, imports totaled 47.11B SGD, reflecting a 3.43B SGD increase (7.86%). The top three products were Office Machines & Automatic Data-Processing Machines (6.32B SGD, +2.61B SGD, +70.18%), Electrical Machinery Apparatus & Appliances (18.15B SGD, +1.22B SGD, +7.19%), and Miscellaneous Manufactured Articles (2.42B SGD, +743.27M SGD, +44.41%). The bottom three were Petroleum & Products (6.8B SGD, -2.37B SGD, -25.87%), Medicinal & Pharmaceutical Products (545.48M SGD, -336.02M SGD, -38.12%), and Gas (514.24M SGD, -173.62M SGD, -25.29%). Exports reached 52.02B SGD, with a notable increase of 6.52B SGD (14.35%). The leading products were Office Machines & Automatic Data-Processing Machines (7.05B SGD, +3.71B SGD, +111.10%), Telecommunications Equipment (4.09B SGD, +1.91B SGD, +87.03%), and Miscellaneous Manufactured Articles (2.6B SGD, +828.54M SGD, +46.76%). The bottom performers included Organic Chemicals (734.64M SGD, -401.25M SGD, -35.32%), Plastics In Primary Forms (972.05M SGD, -211.78M SGD, -17.89%), and Oil Bunkers (2.76B SGD, -167.48M SGD, -5.73%).