Balance of trade · Singapore
Singapore Non-Oil Exports MoM
The Singapore Non-Oil Exports MoM shows the difference between the value of goods (and sometimes services) that Singapore sells abroad and what it buys from abroad, or the growth of exports and imports.
- Importancia
- Low
- Publicado
- Monthly
- Próxima publicación
- Divisa
- SGD · Singapore dollar
- Banco central
- The Monetary Authority of Singapore
Últimas cifras
El último dato, de SEP, se publicó el 2026-10-16 y fue 25.5%. Es más que 10.8% la vez anterior (revisado).
En las últimas 12 publicaciones osciló entre -9.4% y 25.5%, con una media de 5.0%. Ha subido tres publicaciones seguidas.
| Publicado | Para | Real | Consenso | Anterior |
|---|---|---|---|---|
| 16 Oct 2026 | SEP | 25.5% | – | 10.8% ® |
| 17 Sep 2026 | AUG | 10.9% | – | -0.3% |
| 17 Aug 2026 | JUL | -0.3% | – | -8.8% ® |
| 17 Jul 2026 | JUN | -8.9% | – | 7.7% |
| 17 Jun 2026 | MAY | 7.7% | – | 11% |
| 18 May 2026 | APR | 11% | – | 3% |
| 17 Apr 2026 | MAR | 3% | – | 3.9% |
| 17 Mar 2026 | FEB | 3.9% | – | 0.6% ® |
| 16 Feb 2026 | JAN | 0.7% | – | -8.8% ® |
| 16 Jan 2026 | DEC | -9.4% | -4.5% | 6.6% ® |
| 17 Dec 2025 | NOV | 6.8% | – | 8.8% ® |
| 17 Nov 2025 | OCT | 9.3% | – | 13.1% ® |
Por qué importa
Exports are a big part of demand for open economies (Germany, China, Japan, Korea, the Netherlands). A larger surplus means more foreign demand for the Singapore dollar; strong imports signal domestic demand. China's figures are read as a gauge of world demand.
Cómo se calcula
Customs records the value of goods crossing the border; services come from surveys. The balance is exports minus imports, usually seasonally adjusted.
Trade balance = exports − importsQué significan los cambios
- Look at exports and imports separately: a wider surplus from collapsing imports is a sign of weak domestic demand, not strength.
- Exchange-rate moves take months to affect trade volumes (the J-curve).
Mayor de lo esperado: A larger surplus (or smaller deficit) than expected tends to support the Singapore dollar.
Menor de lo esperado: A smaller surplus (or larger deficit) than expected tends to weigh on the Singapore dollar.
Una breve historia
Trade balances were the obsession of mercantilism in the 16th–18th centuries; David Hume's price-specie flow mechanism (1752) explained why surpluses tend to correct themselves.
MAS steers the Singapore dollar's exchange rate rather than an interest rate.
Preguntas
What is the Singapore Non-Oil Exports MoM?
The Singapore Non-Oil Exports MoM shows the difference between the value of goods (and sometimes services) that Singapore sells abroad and what it buys from abroad, or the growth of exports and imports.
What was the latest Singapore Non-Oil Exports MoM?
25.5% for SEP, published on 16 October 2026.
When is the next Singapore Non-Oil Exports MoM?
On Tuesday 17 November 2026 at 00:30 UTC.
Solo contenido educativo, no asesoramiento de inversión. Las cifras son los resultados publicados según los registra nuestro calendario; las reacciones del mercado descritas son típicas, no garantizadas.