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22 May 2025
Singapore expects key exports to come in at lower end of 1% to 3% growth forecast for 2025
Summary: Singapore expects key exports to grow at the lower end of its 1% to 3% forecast for 2025 due to trade and tariff uncertainties. Non-oil domestic exports grew 3.3% in Q1 2025, driven by increases in non-electronics and electronics exports. Despite the growth, downside risks remain due to potential weaker demand and moderation in key products.