Singapore’s key exports surprise again with 22.2% surge in October, beating forecasts

[SINGAPORE] Robust artificial intelligence (AI)-related demand underpinned the Republic’s strong export showing in October, said economists, though they remained cautious over the outlook for 2026.

Non-oil domestic exports (NODX) surged 22.2 per cent year on year last month, extending the 7 per cent expansion clocked in September, data from Enterprise Singapore (EnterpriseSG) showed on Monday (Nov 17).

The performance surprised private-sector economists, who had anticipated a 7.5 per cent growth on a yearly basis in a Bloomberg poll. Several were prompted to upgrade their full-year NODX forecasts.