Singapore's non-oil domestic exports grew by +38.4% year-on-year, the fastest growth rate since 2003. Singapore's exports in May increased by +38.4% year-on-year, marking the fastest growth in over 20 years. Among them, electronics exports surged by a staggering +94.8% due to AI demand from hyperscalers like Microsoft, Meta, and Amazon (these companies' combined capital expenditure in 2026 will exceed S$897 billion). Non-oil domestic exports to the US alone grew by 80.9%.

There will also be a significant turnaround in oil-related exports next.

Recently, the three major bank stocks have performed exceptionally well 👍👍