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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Balance of Trade fell to 5.57B in May 2026
FMPMonthlyReleased June 2026
Singapore Balance of Trade fell to 5.57B in May 2026, released June 2026, down 7.56B from April's 13.13B reading. The reading missed the 7B consensus by 1.43B. The print is running well below the 12-month average of 8.23B. Over the past 3 months, Balance of Trade averaged 11.83B, vs 6.43B in the prior 3-month window. The reading is in the 35th percentile of the trailing 24-month range.
Latest Release
5.573
Actual
7
Consensus
13.132
Previous
Median Absolute Error
±3.55 billion
across last 12 releases
Last Call
May 2026
Predicted: 6.42
Actual: 13.07
Error: -6.64
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Balance of Trade (Singapore) was reported at 5.57 billion in June 2026. This missed the market consensus of 7.00 billion by 1.43 billion. The reading fell from the previous value of 13.13 billion. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 7.39 billion, ranging from 2.21 billion to 13.07 billion across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 10.05 billion, up from the prior three at 5.13 billion. Volatility over the past year (σ 3.28 billion) is higher than the prior year (σ 2.82 billion). In May readings over the past 3 years, Balance of Trade has averaged 10.60 billion.
THE MODEL'S TAKE
Over the last 12 releases, the Sigmacast model's median absolute error is 3.55 billion.
WHAT TO WATCH NEXT
The next release is scheduled for July 17, 2026. Same-country events in the next 14 days include CPI YoY (Jun 23).
Auto-generated from current model state · Refreshes on each release · Last update May 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 (May 2026): actual 5.573 M, consensus 7 M. Prior reading (Apr 2026): 13.07 M. Before that (Mar 2026): 11.22 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially 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.