Sign in Subscribe
Exports

Singapore's Non-Oil Domestic Exports See Significant Growth in 2Q 2025

Strategic Insights

— 1 min read

Singapore's non-oil domestic exports (NODX) grew by 7.1 per cent in the second quarter of 2025, extending the 3.3 per cent growth seen in the previous quarter. This surge in exports was driven by electronics shipments, which expanded by 10.5 per cent, with key contributions from personal computers, integrated circuits, and disk media products. Non-electronics exports also rose for the second consecutive quarter, increasing by 6.0 per cent. Enterprise Singapore maintained its 2025 NODX forecast at a range of one to three per cent, citing the impact of reciprocal tariffs and economic uncertainty.

Key Takeaways:

  • Singapore's NODX grew by 7.1 per cent in 2Q 2025, outpacing the 3.3 per cent growth in the previous quarter.
  • Electronics exports expanded by 10.5 per cent in 2Q 2025, driven by shipments of personal computers, integrated circuits, and disk media products.
  • Non-electronics exports rose by 6.0 per cent in 2Q 2025, largely due to non-monetary gold, specialized machinery, and structures of ships and boats.
  • Enterprise Singapore maintained its 2025 NODX forecast at a range of one to three per cent, citing the impact of reciprocal tariffs and economic uncertainty.
  • Sector-specific tariff risks remain, and continued economic uncertainty could dampen demand from key trading partners.
  • Total merchandise trade rose by 7.1 per cent in 2Q 2025, driven by non-oil exports.
  • Singapore's total services trade grew by 1.7 per cent in 2Q 2025 y-o-y, with exports and imports rising by 2.7 per cent and 0.6 per cent, respectively.

Statistics:

  • Singapore's NODX growth rate: 7.1 per cent in 2Q 2025 (y-o-y).
  • Electronics exports growth rate: 10.5 per cent in 2Q 2025.
  • Non-electronics exports growth rate: 6.0 per cent in 2Q 2025.
  • Total merchandise trade growth rate: 7.1 per cent in 2Q 2025.
  • Total exports growth rate (non-oil): 11.7 per cent in 2Q 2025 (y-o-y).
  • Total imports growth rate: 2.2 per cent in 2Q 2025.
  • Total services trade growth rate: 1.7 per cent in 2Q 2025 (y-o-y).
  • Services exports growth rate: 2.7 per cent in 2Q 2025.
  • Services imports growth rate: 0.6 per cent in 2Q 2025.

Sources:

  • Enterprise Singapore (EnterpriseSG)
  • Review of 2Q 2025 Trade Performance data

Read more