Singapore’s non-oil domestic exports recorded a strong rebound in September, rising 6.9% from the same period a year earlier, according to official government data released on Friday. The growth was primarily driven by higher shipments of electronic products.
The latest figures outperformed market expectations, which had predicted a 2.1% decline, and followed a revised 11.5% decrease in August.
Enterprise Singapore reported that export growth was supported by stronger demand from key markets such as Hong Kong, Taiwan, and China. Meanwhile, shipments to the European Union, the United States, and Indonesia showed declines.
Despite recent trade challenges, Singapore’s overall export performance in the first half of the year remained resilient, supported by early production and shipment adjustments. Authorities, however, have noted that growth could moderate in the coming months due to evolving trade policies.
Enterprise Singapore has forecast non-oil export growth of 1% to 3% for the entire year, anticipating some softness in the latter half of 2025.
Minister of State for Trade Gan Siow Huang recently stated that discussions are ongoing to support exporters and help them adjust to new trade measures, ensuring that businesses remain competitive in the global market.
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