Summary

Singapore’s non-oil domestic exports (NODX) grew 4.8% in 2025, surpassing the official forecast of 2.5%. This growth was driven by strong electronics exports, particularly in integrated circuits, disk media products, and telecommunications equipment. While economists predict a slowdown in 2026 due to factors like US tariffs and potential global demand slowdown, Singapore’s position as a transhipment hub and its role in the AI supply chain are expected to mitigate some of these effects.

https://www.straitstimes.com/business/singapore-key-exports-grow-4-8-in-2025-beating-forecast-even-as-growth-eases-in-december?ref=top-stories