Import & Export Price Indices (2023=100), Jul 2026

Key Highlights

Import Price Index

The Import Price Index (IPI) rose 0.8% month-on-month in Jul 2026, following declines of 2.2% and 3.3% in May 2026 and Jun 2026 respectively. The Oil index increased 1.6%, after declining for three consecutive months. The Non-oil index rose 0.5%, mainly due to higher prices of electrical machinery apparatus such as electronic integrated circuits.

On a year-on-year basis, the IPI rose 13.5% in Jul 2026, extending the increases seen in recent months. The Oil index continued to rise, increasing 45.5%. The Non-oil index rose 4.8%, extending its upward trend, mainly due to higher prices of engines & motors, electrical machinery apparatus such as electronic integrated circuits, and jewellery.

Export Price Index

The Export Price Index (EPI) was unchanged month-on-month in Jul 2026, following a 1.8% decline in Jun 2026. The Oil index increased 0.7%, after declining in the previous two months. The Non-oil index edged down 0.2%, following the increases in recent months, mainly due to lower prices of plastics.

On a year-on-year basis, the EPI rose 13.1% in Jul 2026, extending the increases seen in recent months. The Oil index continued to rise, increasing 39.3%. The Non-oil index rose 7.3%, extending its upward trend, mainly due to higher prices of electrical machinery apparatus such as electronic integrated circuits.

The month-on-month and year-on-year increases in the IPI and EPI Oil indices were mainly due to higher prices of petroleum and petroleum products, against the backdrop of the Middle East conflict.

About this Publication

The Import Price Index (IPI) is used primarily as an indicator to track the price trends of imported goods into Singapore. Prices of imports, valued at CIF terms (cost, insurance and freight) are obtained monthly from major importers. The weighting pattern of the index is derived from import statistics for 2023.

The Export Price Index (EPI) measures changes in the price of all exports of merchandise from Singapore, including re-exports. In general, prices are obtained from major exporters of the selected commodities. Prices used in the index computation, are the prices of goods that physically leave Singapore’s main ports of export; also termed as Free on Board (FOB) prices. The weights of the index are derived from the distribution of export by commodity in 2023.

The 2023-based series is compiled using the Laspeyres formula where the price and weight reference periods are aligned to the year 2023.

Links to Resources

Full Report [PDF, 2.4 MB] 

Excel File [XLS, 68.5 KB]