Back 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.

Link: https://www.straitstimes.com/business/economy/singapore-expects-key-exports-to-come-in-at-lower-end-of-1-3-in-growth-forecast-for-2025