Singapore’s non-oil domestic exports (NODX) surged 46.2% year-on-year in August 2026, accelerating sharply from a downwardly revised 24.1% rise in July and far above forecasts of 35%. It was the twelfth straight month of expansion and the strongest growth since October 1988, driven by electronics exports (131.8% vs 112% in July), supported by robust AI-related demand. Electronic exports were boosted by disk media products (290.2%), PCs (237.9%), and ICs (90.9%). Meanwhile, non-electronic exports rebounded, surging 12.0% after a 2.4% fall in July, due to higher shipments of non-monetary gold (67.0%), specialised machinery (57.7%), and medical apparatus (22.1%). Among trading partners, shipments increased to the US (91.0%), South Korea (87.1%), China (70.3%), Hong Kong (62.9%), Taiwan (58.5%), Malaysia (39.3%), and Indonesia (24.5%), while falling to the EU (-1.7%). Monthly, NODX jumped 10.9%, rebounding sharply from a 0.3% fall in July and marking the fastest increase in four months.