Summary: Singapore’s non-oil domestic exports (NODX) surged 13.3% year-over-year in June, driven by frontloading ahead of the US tariff deadline. Economists have mixed forecasts for the second half of 2025, with some expecting a slowdown due to potential tariff impacts, while others anticipate resilience from AI-linked electronics demand and regional diversification. Despite the positive June numbers, economists caution against a structural re-rating of Singapore’s external sector, emphasizing the delicate balance between cyclical recovery and looming protectionist headwinds.

Link: https://www.theedgesingapore.com/news/singapore-economy/singapore-nodx-surges-13-y-o-y-june-economists-mixed-forecasts