{"id":80264,"date":"2026-05-18T08:55:05","date_gmt":"2026-05-18T01:55:05","guid":{"rendered":"https:\/\/hbbgroup.net\/singapore-nodx-gains-extend-on-ai-cycle-dbs\/"},"modified":"2026-05-18T08:55:05","modified_gmt":"2026-05-18T01:55:05","slug":"singapore-nodx-gains-extend-on-ai-cycle-dbs","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/singapore-nodx-gains-extend-on-ai-cycle-dbs\/","title":{"rendered":"Singapore: NODX gains extend on AI cycle \u2013 DBS"},"content":{"rendered":"<div id=\"post-content-section\">\n<p>DBS economists Taimur Baig and Radhika Rao anticipate Singapore\u2019s April 2026 non-oil domestic exports to rise 11.5% year-on-year, marking an eighth consecutive month of expansion after 15.3% in March. The performance is expected to be driven by strong electronics benefiting from global artificial intelligence demand, while non-electronics lag and petrochemicals face downside risks from Middle East-related feedstock disruptions.<\/p>\n<h2>Electronics strength offsets petrochemical risks<\/h2>\n<p>&#8220;Singapore\u2019s goods export performance likely remained robust in April 2026, in line with regional trends.&#8221;<\/p>\n<p>&#8220;We expect non-oil domestic exports (NODX) to grow by 11.5% yoy in April, extending the expansion for the eighth consecutive month, compared with 15.3% yoy in March.&#8221;<\/p>\n<p>&#8220;The increase in NODX was likely supported by the prevailing trend of superior momentum in electronics relative to weaker non-electronics shipments, as electronics continued to benefit from global artificial intelligence-related tailwinds.&#8221;<\/p>\n<p>&#8220;We continue to monitor the impact of the Middle East conflict, with petrochemical shipments likely to be negatively affected by curtailed feedstock supply.&#8221;<\/p>\n<p><em>(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)<\/em><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>DBS economists Taimur Baig and Radhika Rao anticipate Singapore\u2019s April 2026 non-oil domestic exports to rise 11.5% year-on-year, marking an [&hellip;]<\/p>","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-80264","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/80264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=80264"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/80264\/revisions"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=80264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=80264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=80264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}