Insights for Singapore

MoM insights: In May 2026, Singapore's imports totaled 75.06B SGD, reflecting a slight decrease of 845.4M SGD, which corresponds to a -1.11% change from the previous month. The top three countries contributing to this decline were Japan (2.58B SGD, -702.6M SGD, -21.42%), Russia (383M SGD, -673M SGD, -63.73%), and South Korea (4.32B SGD, -632.6M SGD, -12.83%). Conversely, the highest increases in imports were from Chinese Taipei (19.6B SGD, +3.11B SGD, +18.82%), Brazil (1.3B SGD, +314.3M SGD, +31.73%), and Egypt (292.6M SGD, +254.9M SGD, +676.13%). Exports for the same month were valued at 79.22B SGD, showing a significant drop of 10.52B SGD, or -11.72%. The largest decreases were seen in Chinese Taipei (9.2B SGD, -4.02B SGD, -30.44%), Thailand (4.48B SGD, -1.59B SGD, -26.23%), and Mexico (2.92B SGD, -637.6M SGD, -17.94%). On the other hand, the top increases in exports came from Australia (2.76B SGD, +415.4M SGD, +17.71%), Belgium (830.2M SGD, +325.1M SGD, +64.36%), and Reunion (154.8M SGD, +107M SGD, +238.49%).

YoY insights: Year on year, imports in May 2026 reached 75.06B SGD, marking an increase of 22.8B SGD, which is a 43.62% rise compared to the same month last year. The most significant growth in imports was from Chinese Taipei (19.6B SGD, +13.04B SGD, +198.46%), Malaysia (7.64B SGD, +2.11B SGD, +38.13%), and Vietnam (2.48B SGD, +1.61B SGD, +184.71%). The lowest growth was observed from the United States (6.04B SGD, -682.8M SGD, -10.16%), Qatar (8.9M SGD, -648.9M SGD, -98.65%), and Australia (532.9M SGD, -581.3M SGD, -52.17%). Exports totaled 79.22B SGD, with a year-on-year increase of 21.03B SGD, or 36.14%. The highest increases in exports were from Chinese Taipei (9.2B SGD, +4.38B SGD, +90.78%), Thailand (4.48B SGD, +2.35B SGD, +107.76%), and Malaysia (7.94B SGD, +2.31B SGD, +40.93%). The lowest growth was seen in Indonesia (4.31B SGD, -370M SGD, -7.90%), Vietnam (2.03B SGD, -271.4M SGD, -11.84%), and Puerto Rico (58.2M SGD, -157M SGD, -72.95%).