Singapore's key exports fall 11.3% in August, sharpest dip since March 2024
Analysts said US tariffs are likely to slow Singapore's export momentum in the second half 2025. This, as the country's key exports fell for the second straight month in August. Non-oil domestic exports dropped by 11.3% on-year — the sharpest fall since March 2024 when it contracted by nearly 21%. Electronic shipments for August decreased by 6.5%, while non-electronic products contracted by 13%. Analysts expect the NODX growth forecast for this year to remain at 1% to 3%. Alexandra Anand reports.
Analysts said US tariffs are likely to slow Singapore's export momentum in the second half 2025. This, as the country's key exports fell for the second straight month in August. Non-oil domestic exports dropped by 11.3% on-year — the sharpest fall since March 2024 when it contracted by nearly 21%. Electronic shipments for August decreased by 6.5%, while non-electronic products contracted by 13%. Analysts expect the NODX growth forecast for this year to remain at 1% to 3%. Alexandra Anand reports.
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