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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Balance of Trade climbed to 13.82B in June 2026
FMPMonthlyReleased July 2026
Singapore Balance of Trade climbed to 13.82B in June 2026, released July 2026, up 8.26B from May's 5.56B reading. The print exceeded the 6B consensus by 7.82B. The print is running well above the 12-month average of 7.89B. Over the past 3 months, Balance of Trade averaged 9.32B, vs 9.88B in the prior 3-month window. Balance of Trade is now the highest in 13 months.
Latest Release
13.817
Actual
6
Consensus
5.556
Previous
Median Absolute Error
±4.27 billion
across last 12 releases
Last Call
Jul 2026
Predicted: 6.69
Actual: 13.82
Error: -7.13
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 | −0.68 | INDEX | Moves against | → View |
| BTC/USD | ▲ Direct | +0.44 | CRYPTO | Moves with | → View |
| Hang Seng | ▲ Direct | +0.42 | 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 13.82 billion in July 2026. This beat the market consensus of 6.00 billion by 7.82 billion. The reading rose from the previous value of 5.56 billion. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 7.63 billion, ranging from 2.21 billion to 13.82 billion across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 10.82 billion, up from the prior three at 6.43 billion. Volatility over the past year (σ 3.83 billion) is higher than the prior year (σ 2.86 billion). In July readings over the past 3 years, Balance of Trade has averaged 8.87 billion.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with Nikkei 225 (Bearish Nikkei 225). A secondary relationship exists with BTC/USD, positively correlated (Bullish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 4.27 billion.
WHAT TO WATCH NEXT
The next release is scheduled for August 18, 2026.
Auto-generated from current model state · Refreshes on each release · Last update July 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 (Jun 2026): actual 13.82 M, consensus 6 M. Prior reading (May 2026): 5.573 M. Before that (Apr 2026): 13.07 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with Nikkei 225 (Bearish Nikkei 225, r=-0.68) — a useful reference for index-focused traders.
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Economic Calendar - SG Events
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 02:00 | SG | Bank Lending | 931.4 | 917.7 | 884.1 | 907.75 | Low |
| 02:30 | SG | Unemployment Rate | 2 | 2 | 2.1 | 2.05 | Low |
| 05:00 | SG | Business Confidence | 12 | 17 | 5 | 8.50 | Low |
| Monday, August 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 13:00 | SG | SIPMM Manufacturing PMI | 51.3 | 51.5 | 51.50 | Low | |