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.
- 重要性
- Low
- 发布时间
- Monthly
- 下次发布
- 货币
- SGD · Singapore dollar
- 中央银行
- The Monetary Authority of Singapore
最新数据
最新一期（SEP）于 2026-10-16 公布，数值为 25.5%。 高于上次的 10.8%（已修正）。
最近 12 次公布中介于 -9.4% 至 25.5%，平均 5.0%。 已连续三次公布上升。
| 发布时间 | 期限 | 实际值 | 预期值 | 前值 |
|---|---|---|---|---|
| 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% ® |
为何重要
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.
计算方法
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 − imports变化意味着什么
- 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).
高于预期：A larger surplus (or smaller deficit) than expected tends to support the Singapore dollar.
低于预期：A smaller surplus (or larger deficit) than expected tends to weigh on the Singapore dollar.
简史
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.
问题
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.
仅供学习参考，不构成投资建议。数据为我们日历记录的已发布结果；所述市场反应为典型情况，并无保证。