Summary: Singapore’s non-oil domestic exports (NODX) surged 22.2% year-on-year in October, surpassing economists’ forecasts. This growth was driven by robust demand for AI-related electronics and a rebound in non-electronics exports, particularly in gold, machinery, and pharmaceuticals. While economists remain cautiously optimistic about the near-term outlook, concerns persist about the potential impact of US tariffs on semiconductors and pharmaceuticals in 2026.

Link: https://www.businesstimes.com.sg/singapore/economy-policy/singapores-key-exports-surprise-again-22-2-surge-october-beating-forecasts