Singapore’s non-oil domestic exports (NODX) experienced a sharp decline of 11.3% in August 2025 compared to the same month last year, according to the latest data released by the Department of Statistics Singapore. This follows a 4.7% decrease in July, indicating a continuing downward trend in the country’s export performance.
The contraction in NODX is a critical indicator of Singapore’s trade health, as it reflects the demand for locally produced goods in international markets. The decline could be attributed to various global economic factors, including fluctuating demand and potential disruptions in supply chains.
The August figures underscore the challenges faced by Singapore’s export sector amidst a volatile global trade environment. The decline in exports may impact the country’s economic growth, as trade is a significant component of Singapore’s economy. Analysts will be closely monitoring these trends to assess their implications for future economic performance.
