Singapore Nodx
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
Singapore exports swing to 4.6% contraction in July, worse than what market was bracing for
This takes year-to-date NODX growth to 3.6%, above the official full-year forecast range
Singapore’s key exports up 7.1% in Q2; full-year forecast unchanged
The front-loading trades made ahead of Trump’s tariffs are expected to taper off in coming months, says EnterpriseSG
Singapore June export data shows easing in front-loading, payback likely in H2, say economists
Non-oil re-exports cooled visibly in June, while non-monetary gold was a key driver in NODX expansion
