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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Balance of Trade fell to 10.72B in July 2026
FMPMonthlyReleased August 2026
Singapore Balance of Trade fell to 10.72B in July 2026, released August 2026, down 3.15B from June's 13.87B reading. The reading missed the 12B consensus by 1.28B. The print is running well above the 12-month average of 8.23B. Over the past 3 months, Balance of Trade averaged 9.7B, vs 10.01B in the prior 3-month window. The reading is in the 76th percentile of the trailing 24-month range.
Latest Release
10.724
Actual
12
Consensus
13.87
Previous
Median Absolute Error
±3.68 billion
across last 12 releases
Last Call
Aug 2026
Predicted: 13.6
Actual: 10.72
Error: +2.87
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| Nikkei 225 | ▼ Inverse | −0.69 | INDEX | Moves against | → View |
| USD/SGD | ▲ Direct | +0.31 | FOREX | Moves with | → View |
| Hang Seng | ▲ Direct | +0.28 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Balance of Trade (Singapore) was reported at 10.72 billion in August 2026. This missed the market consensus of 12.00 billion by 1.28 billion. The reading fell from the previous value of 13.87 billion. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 8.07 billion, ranging from 2.21 billion to 13.82 billion across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 10.04 billion, down from the prior three at 10.05 billion. Volatility over the past year (σ 3.90 billion) is higher than the prior year (σ 2.86 billion). In August readings over the past 3 years, Balance of Trade has averaged 7.84 billion.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with Nikkei 225 (Bearish Nikkei 225). A secondary relationship exists with USD/SGD, positively correlated (Bullish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 3.68 billion.
WHAT TO WATCH NEXT
The next release is scheduled for September 17, 2026.
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Balance of Trade - SG
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About Balance of Trade — Singapore
DEFINITION
The Balance of Trade is a financial indicator that measures the difference between a country's exports and imports of goods and services. It is an important measure of a country's economic health and can indicate whether a country is running a trade surplus or deficit. A positive balance of trade indicates that a country is exporting more than it is importing, while a negative balance of trade suggests the opposite. This indicator is closely monitored by economists and policymakers as it can impact a country's currency value, inflation, and overall economic growth.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 10.72 M, consensus 12 M. Prior reading (Jun 2026): 13.82 M. Before that (May 2026): 5.573 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with Nikkei 225 (Bearish Nikkei 225, r=-0.69) — a useful reference for index-focused traders.
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Economic Calendar - SG Events
| Thursday, September 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 00:30 | SG | Balance of Trade | 10.724 | 11 | 10.29 | Low | |
| 00:30 | SG | Non-Oil Exports YoY | 24.2 | 35 | 39.20 | Low | |
| 02:30 | SG | Unemployment Rate | 2 | 2 | 2.00 | Low | |