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Singapore’s April key exports surge 12.4% on front-loaded shipments amid Trump tariff truce

But this boost may not last, with the future of trade relationships up in the air

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Elysia Tan

Elysia Tan

Published Fri, May 16, 2025 · 08:30 AM — Updated Fri, May 16, 2025 · 08:30 PM
    • Electronics exports extended their growth in April, with PCs, integrated circuits and disk media products driving the increase.
    • Electronics exports extended their growth in April, with PCs, integrated circuits and disk media products driving the increase. PHOTO: BT FILE

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    [SINGAPORE] The Republic’s key exports jumped 12.4 per cent on the year in April, which economists attributed to front-loading, as exporters take advantage of the pause on reciprocal tariffs and the reprieve ahead of threatened further duties.

    Both electronics and non-electronics non-oil domestic exports (NODX) grew last month, data from Enterprise Singapore (EnterpriseSG) showed on Friday (May 16).

    But most economists kept their full-year 2025 NODX forecasts unchanged, save for UOB, which raised it to the range of 2 to 4 per cent. This incorporates the latest developments, with less certainty given the fluid situation, said associate economist Jester Koh.

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