On January 16, economists from Maybank indicated in a report that Singapore is expected to witness robust export growth during the first half of the year. This projection is mainly due to the stellar performance of exports of artificial intelligence-powered electronic products, as well as a partial shift in U.S. import demand away from countries subject to high tariffs. With Micron Technology launching production of its cutting-edge HBM chips and United Microelectronics Corporation ramping up operations at its Singapore factory, exports of electronic products are anticipated to receive an additional boost. Nevertheless, pharmaceutical exports could act as a drag on Singapore's non-oil export growth, owing to a decline in advance shipping activities. The bank predicts that Singapore's export growth will fall within the range of 3% to 4% in 2026, which is a decrease from the 4.8% growth projected for 2025.