Singapore Balance Of Trade
Singapore · Monthly series · EC-SG-BOT
Latest, July 2026
11.41B SGD
+14.6% from June 2026
Forecast
Forecast for July 2027: 5.73B SGD, with an 80% interval of 1.58B SGD to 12.28B SGD.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| August 2026 | 8.31B SGD | 2.56B SGD | 15.72B SGD |
| September 2026 | 7.50B SGD | 4.48B SGD | 11.76B SGD |
| October 2026 | 7.02B SGD | 3.34B SGD | 12.44B SGD |
| November 2026 | 6.63B SGD | 3.33B SGD | 11.76B SGD |
| December 2026 | 6.28B SGD | 3.52B SGD | 10.65B SGD |
| January 2027 | 6.32B SGD | -444.40M SGD | 16.93B SGD |
| February 2027 | 6.23B SGD | -1.63B SGD | 18.27B SGD |
| March 2027 | 6.21B SGD | 2.48B SGD | 12.01B SGD |
| April 2027 | 6.07B SGD | 1.46B SGD | 13.38B SGD |
| May 2027 | 5.90B SGD | 2.94B SGD | 10.52B SGD |
| June 2027 | 5.76B SGD | 2.41B SGD | 10.87B SGD |
| July 2027 | 5.73B SGD | 1.58B SGD | 12.28B SGD |
AI confidence
Needs refreshThe data refresh is due. Confidence will be reassessed against the refreshed history.
Model: State-space model, 167M (foundation model)
- Accuracy vs naive
- n/aNot evaluated
- Direction
- n/aNot evaluated
- Turning points
- n/aNot evaluated
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Model comparison
Previous comparisonThe stored comparison uses earlier data or a previous model roster. An eligible nightly batch can compare both candidates, subject to call budgets and retry limits.
Models tested
State-space model, 167M scored lowest on the 6 older tests (0.97) and was chosen. The 6 recent tests played no part in the choice and give its grade (0.90). The search for a model that beats the naive forecast on both sets of tests goes on. Scores are MASE: a model's errors divided by the naive forecast's, so 1 is a tie.
4 model classes completed the tests: Foundation model, Statistical, Machine learning, Neural network. Previous model roster.
| Model | Class and compute | Older tests | Recent tests | Role |
|---|---|---|---|---|
| State-space model, 167M (foundation model) | Foundation model · CPU | 0.97 | 0.90 | Serving |
| Naive forecast (last value held) | Benchmark · CPU | 1.00 | 1.00 | Benchmark |
| Agentic Investor TSFM (foundation model) | Foundation model · CPU | 1.02 | 0.92 | Tested |
| Exponential smoothing (statistical) | Statistical · CPU | 1.02 | 0.90 | Tested |
| Gradient-boosted trees (machine learning) | Machine learning · CPU | 1.06 | 0.94 | Tested |
| Hierarchical neural network (neural network) | Neural network · CPU | 1.58 | 1.12 | Tested |
Reading
That is the highest of the 120 readings since August 2016.
Recent history (24 observations)
| Period | Value |
|---|---|
| July 2026 | 11.41B SGD |
| June 2026 | 9.96B SGD |
| May 2026 | 3.27B SGD |
| April 2026 | 4.53B SGD |
| March 2026 | 7.83B SGD |
| February 2026 | 11.17B SGD |
| January 2026 | 11.06B SGD |
| December 2025 | 1.87B SGD |
| November 2025 | 6.16B SGD |
| October 2025 | 4.86B SGD |
| September 2025 | 3.80B SGD |
| August 2025 | 5.48B SGD |
| July 2025 | 6.71B SGD |
| June 2025 | 4.55B SGD |
| May 2025 | 8.94B SGD |
| April 2025 | 8.73B SGD |
| March 2025 | 3.46B SGD |
| February 2025 | 5.35B SGD |
| January 2025 | 3.42B SGD |
| December 2024 | 2.97B SGD |
| November 2024 | 4.91B SGD |
| October 2024 | 3.71B SGD |
| September 2024 | 3.96B SGD |
| August 2024 | 4.39B SGD |
Source
Data: public market data feeds.
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Also stored for Singapore
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- Singapore CO2 Emissions
- Singapore CPI Housing Utilities
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