Singapore Nodx
Singapore’s key exports growth eases to 6.1% in December as pharma drags
UOB raises its 2026 NODX expansion projection to 3%, from 1.2% previously; OCBC forecasts a moderation of around 1 to 3%
Singapore’s key exports up 11.6% in November; economists say delayed impact of US tariffs could weigh on 2026 outlook
November’s jump was led by shipments of pharmaceuticals and supported by electronics
Economists raise Singapore’s 2026 growth forecast to 2.3%, upgrade 2025 forecast: MAS survey
Full-year growth for 2025 is now expected at 4.1%, with a boost from manufacturing
Singapore narrows 2025 NODX forecast to ‘around 2.5%’, expects ‘moderated growth’ in 2026
EnterpriseSG projects an expansion of 0% to 2% for next year, in line with global trade outlook
Singapore’s key exports surprise again with 22.2% surge in October, beating forecasts
Sales to most markets grow, fuelled by both electronics and non-electronics; but those to US contract 12.5%, leading falls
Economists warn of continued uncertainty in export outlook after surprise 6.9% rise in September
The increase is led by a surge in electronics shipments
Singapore braces for export slowdown as front-loading ‘payback effects’ bite
NODX contracts a surprising 11.3% in August, prompting one bank to slash its full-year forecast to -1 to 1%
Singapore key exports shrink an unexpected 11.3% in August; US and Indonesian markets lead slide
Economists previously forecast an 0.8% expansion; only three out of Singapore’s top 10 markets post increase in exports
Economists raise Singapore’s 2025 growth outlook to 2.4% on stronger manufacturing, exports
Their forecasts for inflation and unemployment remain largely unchanged
Singapore exports tipped for slower growth after worse-than-expected contraction in July
But some economists believe the relatively lower US tariff rate that the Republic faces, along with growing electronic demand, could mitigate any slowdown
