DBS Group Analysis expects Singapore’s non-oil home exports to rise for a seventh consecutive month in March 2026, accelerating to 10.3% year-on-year from 4.0% in February. Electronics exports are seen outperforming on world AI demand, whereas non-electronics might rebound as Lunar New 12 months base results fade, although petrochemicals probably face strain from a Center East-related naphtha provide crunch.
NODX development led by electronics
“We anticipate Singapore’s non-oil home exports (NODX) to maintain development for a seventh consecutive month in March 2026, increasing by a sooner tempo of 10.3% yoy, in contrast with 4.0% yoy in February.”
“The efficiency was probably supported by superior development of electronics home exports relative to weaker non-electronics shipments, as electronics continued to be bolstered by world AI tailwinds.”
“Whereas non-electronics home exports might have rebounded as opposed base results from the earlier month’s Lunar New 12 months pale, segments corresponding to petrochemicals have been probably underneath strain as a result of a naphtha feedstock provide crunch stemming from the Center East battle.”
(This text was created with the assistance of an Synthetic Intelligence device and reviewed by an editor.)
