Singapore’s trade balance recorded a steep decline in February 2026, with the surplus narrowing to 4.548 billion SGD, down from 12.516 billion SGD in January 2026. The latest figures, updated on 17 March 2026, highlight a significant month-on-month weakening in the city-state’s external trade position.
The marked drop in the surplus suggests that export growth may have slowed or that imports have risen more quickly than exports compared to the previous month. While Singapore typically runs a healthy trade surplus as a major global trading hub, the February data point to a softer trade environment at the start of 2026, which investors and policymakers will be watching closely in the coming months.
