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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Non-Oil Exports YoY climbed to 24.5% in April 2026
FMPMonthlyReleased May 2026
Singapore Non-Oil Exports YoY climbed to 24.5% in April 2026, released May 2026, up 9.2% from March's 15.3% reading.
Latest Release
24.500000
Actual
—
Consensus
15.300000
Previous
Median Absolute Error
±8.13 percentage points
across last 12 releases
Last Call
Mar 2026
Predicted: 1.88
Actual: 4
Error: -2.12
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| Hang Seng | ▼ Inverse | −0.76 | INDEX | Bearish Hang Seng | → View |
| S&P 500 | ▼ Inverse | −0.57 | INDEX | Bearish S&P 500 | → View |
| XAU/USD | ▲ Direct | +0.37 | COMMODITIES | Bullish XAU | → View |
| Nikkei 225 | ▼ Inverse | −0.27 | INDEX | Bearish Nikkei 225 | → 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 38.40 in June 2026. This beat the market consensus of 30.00 by 8.40. The reading rose from the previous value of 24.40. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 7.11%, ranging from -11.3% to 24.5% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 12.6%, down from the prior three at 13.3%. Volatility over the past year (σ 10.4%) is higher than the prior year (σ 6.97%). In May readings over the past 3 years, Non-Oil Exports YoY has averaged 9.2%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with Hang Seng (Bearish Hang Seng). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 8.13%.
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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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 (May 2026): actual 38.4 %, consensus 30 %. Prior reading (Apr 2026): 24.5 %. Before that (Mar 2026): 15.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially 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 Hang Seng (Bearish Hang Seng, r=-0.76) — a useful reference for index-focused traders.