The Viet Nam Trade Office in Singapore, citing statistics from Enterprise Singapore (EnterpriseSG), reported that Singapore's total merchandise trade with the world reached nearly SGD 178.8 billion in September 2026, up 50.8% year-on-year. Exports amounted to SGD 94.4 billion, an increase of 51.5%, while imports reached SGD 84.3 billion, up 49.9%.

Of Singapore's total merchandise exports, domestic exports reached SGD 34.3 billion, an increase of 46.7% year-on-year, while re-exports amounted to SGD 60.1 billion, up 54.4%.

Statistics from Enterprise Singapore also showed that Singapore's total merchandise trade with the world reached nearly SGD 1.39 trillion in the first nine months of 2026, representing a 36.9% increase compared with the same period in 2025. Exports totaled SGD 743.4 billion, up 38%, while imports stood at SGD 646.5 billion, an increase of 35.7%.

Of the total export value, domestic exports reached SGD 251 billion, up 19.8% year-on-year, while re-exports amounted to SGD 492.3 billion, representing an increase of 49.5%.

During the first nine months of 2026, Singapore's trade with most of its 15 major trading partners maintained positive growth.

In terms of trade value, Taiwan provisionally retained its position as Singapore's largest trading partner, with bilateral trade reaching SGD 219.2 billion, up 83.2% compared with the same period in 2025. The other four trading partners among Singapore's top five were China, with bilateral trade of SGD 144.3 billion, up 21%; Malaysia, with SGD 140.1 billion, up 30.2%; the US, with SGD 129 billion, up 27.1%; and Hong Kong (China), with SGD 90.6 billion, an increase of 44.9%.

In the first nine months of 2026, Viet Nam maintained its position as Singapore's 10th-largest trading partner, with bilateral trade totaling SGD 42.8 billion, an increase of 46.8% year-on-year. Singapore's exports to Viet Nam reached SGD 23.4 billion, up 14.3%, while its imports from Viet Nam amounted to SGD 19.4 billion, surging 123.2%.

Regarding bilateral trade during the nine-month period, Singapore recorded a trade surplus of SGD 4 billion with Viet Nam when re-exports were included, according to Singapore's statistics. However, when only domestic exports were taken into account, Singapore recorded a trade deficit of SGD 12.9 billion with Viet Nam.

In September 2026 alone, Singapore's total merchandise trade with Viet Nam reached nearly SGD 5.2 billion, representing a year-on-year increase of 61.6%. Singapore's exports to Viet Nam amounted to nearly SGD 3 billion, up 35.6%, while imports from Viet Nam exceeded SGD 2.2 billion, surging 115.9%.

Of Singapore's exports to Viet Nam, domestic exports reached SGD 657.4 million, an increase of 27.5% year-on-year, while re-exports amounted to nearly SGD 2.3 billion, up 38%.

Overall, bilateral trade between Singapore and Viet Nam reached nearly SGD 42.8 billion in the first nine months of 2026, an increase of 46.8% compared with the same period in 2025. This marked a new record for bilateral trade, with the nine-month total already surpassing the value recorded for the whole of 2025.