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
Add BT as a preferred source
[SINGAPORE] The Republic has narrowed its 2025 full-year growth forecast for non-oil domestic exports (NODX) to “around 2.5 per cent” – from 1 to 3 per cent – in line with a projected moderation in the second half of 2025.
In its quarterly review of trade performance on Friday (Nov 21), EnterpriseSG said that it expects robust artificial intelligence (AI)-related demand and high gold prices to provide “some support” to NODX in the fourth quarter, though performance may be weighed down by the high base in November and December last year.
For 2026, EnterpriseSG forecasts a “moderated growth” of 0 to 2 per cent, which “primarily reflects the materialisation of tariff-related impact and the easing of front-loading effects”.
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
As luxury retail goes big, can Singapore’s Orchard Road keep up?
Singapore releases Economic Strategy Review Final Report, with more detailed proposals
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
