Singapore Non-oil Domestic Exports (NODX) YoY

Singapore’s non-oil domestic exports (NODX) fell 4.6% year-on-year in July 2025, reversing a downwardly revised 12.9% surge in June. This marked the third decline so far this year and the steepest contraction since October 2024, due to a fall in non-electronic exports (-6.6% vs 14.4% in June), weighed by strong declines in pharmaceuticals (-18.9%), petrochemicals (-23.4%), and food preparations (-26.3%). Additionally, alectronic exports grew 2.8%, easing sharply from an 8.0% gain in June, supported by robust shipments of PCs (80.4%), ICs (25.8%), and PCBs (8.0%). Shipment plunged to the US (-42.7%), dampened by newly imposed American tariffs. Exports also fell to Indonesia (-32.2%), Thailand (-21.8%), China (-12.2%), Malaysia (-9.8%0, and Japan (-3.3%). By contrast, exports grew to Taiwan (62.9%), South Korea (34.5%), and Hong Kong (20.8%). On a monthly basis, NODX shrank 6.0%, reversing a downwardly revised 14.2% growth in June, which was the fastest pace of growth in seven months. source: Statistics Singapore