Driven by continued demand related to AI, Singapore has revised its export growth forecast for 2026.

Singapore has raised its growth forecast for non-oil domestic exports in 2026, citing sustained demand related to artificial intelligence. The Singapore Economic Development Board stated on Tuesday that due to stronger-than-expected performance driven by a surge in demand for electronic products in the first half of the year, non-oil domestic exports for the city-state are expected to grow by 14.0% to 16.0% this year. This is a significant increase from the previous forecast range of 3.0% to 5.0%. The Singapore Economic Development Board expects exports to continue being supported by AI-related demand. The agency mentioned that the positive outlook provided by major electronic companies and the strengthening prices of key electronic products should also boost these exports. However, the Singapore Economic Development Board noted that a high base effect may suppress export growth in the second half of this year. The agency also highlighted risks to its outlook, such as the protracted conflict in the Middle East and higher tariffs imposed by the United States.