Singapore’s trade performance in the second quarter of 2025 showed robust growth, with non-oil domestic exports (NODX) and non-oil re-exports (NORX) leading the charge. According to Enterprise Singapore, NODX increased by 7.1% year-on-year, building on a 3.3% rise in the first quarter. This growth was driven by both electronic and non-electronic products, with electronics marking a fifth consecutive quarter of expansion.
The electronics sector saw a 10.5% increase in domestic exports, with significant contributions from personal computers, integrated circuits, and disk media products. Non-electronic exports also rose by 6.0%, bolstered by non-monetary gold and specialised machinery.
NORX experienced an even more substantial rise, expanding by 24.9% in Q2 2025. This was attributed to higher shipments of both electronic and non-electronic goods, with electronic re-exports growing by 38.8%. Key markets such as Taiwan, the US, and Malaysia contributed significantly to this growth.
Total merchandise trade in Singapore rose by 7.1%, with exports up by 11.7% despite a decline in oil exports. The forecast for NODX in 2025 remains at a growth range of 1.0% to 3.0%, although economic uncertainties and evolving tariff situations could impact demand.
In the services sector, trade grew by 1.7% in Q2 2025, with exports and imports increasing by 2.7% and 0.6%, respectively. The rise in services exports was mainly due to higher receipts from business, financial, and travel services.
Enterprise Singapore’s data highlights the resilience of Singapore’s trade sector amidst global economic challenges, with continued growth expected across key trading partners.
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