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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Non-Oil Exports YoY fell to 20.7% in June 2026
FMPMonthlyReleased July 2026
Singapore Non-Oil Exports YoY fell to 20.7% in June 2026, released July 2026, down 17.7% from May's 38.4% reading. The reading missed the 30.2% consensus by 9.5%.
Latest Release
20.700000
Actual
30.200000
Consensus
38.400000
Previous
Median Absolute Error
±8.59 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 34.4
Actual: 20.7
Error: +13.7
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 |
|---|---|---|---|---|---|
| Hang Seng | ▼ Inverse | −0.85 | INDEX | Moves against | → View |
| Nikkei 225 | ▲ Direct | +0.47 | INDEX | Moves with | → View |
| BTC/USD | ▼ Inverse | −0.45 | CRYPTO | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.43 | INDEX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.43 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Non-Oil Exports YoY (Singapore) was reported at 20.7% in July 2026. This missed the market consensus of 30.2% by 9.5%. The reading fell from the previous value of 38.4%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 11.62%, ranging from -11.3% to 38.4% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 27.87%, up from the prior three at 6.47%. Volatility over the past year (σ 13.42%) is higher than the prior year (σ 6.48%). In July readings over the past 3 years, Non-Oil Exports YoY has averaged 8.33%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with Hang Seng (Bearish Hang Seng). A secondary relationship exists with Nikkei 225, positively correlated (Bullish Nikkei 225). Over the last 12 releases, the Sigmacast model's median absolute error is 8.59%.
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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Non-Oil Exports YoY - SG
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About Non-Oil Exports YoY — Singapore
DEFINITION
Non-Oil Exports YoY is a financial indicator that measures the year-over-year change in the value of a country's exports, excluding any revenue generated from the sale of oil or petroleum products. This indicator provides valuable insights into a country's economic performance and its ability to diversify its export base. It is often used by investors and analysts to assess the overall health and competitiveness of a country's economy. A positive Non-Oil Exports YoY indicates growth in non-oil exports, while a negative reading may suggest a decline in export activity.
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 20.7 %, consensus 30.2 %. Prior reading (May 2026): 38.4 %. Before that (Apr 2026): 24.5 %.
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 bearish 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 Hang Seng (Bearish Hang Seng, r=-0.85) — 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 |