Singapore (VNA) – Singapore's key export value grew faster than expected in 2025, despite a slowdown in export growth in the final month of the year, according to figures released by Enterprise Singapore on January 16.
Non-oil domestic exports (NODX) expanded by 4.8% in 2025, exceeding the official forecast of around 2.5%. In November 2025, Enterprise Singapore projected that growth in key exports would fall to between 0% and 2% in 2026 due to the impact of tariffs.
Key export value increased by 6.1% in December 2025, lower than the 10.1% rise forecast by analysts in a Bloomberg poll. The figure also declined from the 11.5% growth recorded in November and the 21.1% surge in October.
Exports of electronic equipment in December rose by 24.9% year on year, following a 12.9% increase in November. Exports of integrated circuits climbed by 32.1%, disc media products by 53.5%, and telecommunications equipment by 81.4%. These segments contributed most to the growth of electronic equipment exports.
Exports of non-electronic equipment inched up 0.8% in December, following an 11.1% expansion in the previous month. The growth was led by non-monetary gold, which surged by 73.3%, specialised machinery, up 5.4%, and mechanical handling equipment, which rose sharply by 415.8%.
In terms of destinations, exports to mainland China, Taiwan and Malaysia increased in December, while those to the US, Japan, China's Hong Kong Special Administrative Region, Indonesia, Thailand and Europe declined./.
