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Story summary
- Singapore's non-oil domestic exports (Nodx) dropped 11.3% in August 2025, following a 4.7% decline in July, due to US tariffs affecting electronic and non-electronic products.
- Electronics shipments fell 6.5%, ending a 10-month growth streak, with notable declines in disk media products and integrated circuits.
- Non-electronics Nodx contracted by 13%, the steepest decline since March 2024.
- Exports to the US and China decreased by 28.8% and 21.5%, respectively.
- Singapore's GDP growth forecast for 2025 was upgraded to 2.9%.
