Singapore Exports Rose in 2025

By Amanda Lee

SINGAPORE--Singapore's non-oil domestic exports rose in 2025, suggesting its resilience despite global trade uncertainties.

The Southeast Asian trading hub's non-oil domestic exports grew 6.1% from a year earlier last month, Enterprise Singapore said Friday. That compared with the median estimate for a 8.0% increase projected by five economists polled by The Wall Street Journal, and November's revised 11.5% growth.

This brought NODX growth by 4.8% for the full year, compared to 2024's 0.2% expansion.

Shipments of electronics--a key driver of the city-state's growth--climbed 24.9% from a year ago in December, after the revised 12.9% growth in November. Non-electronics exports rose 0.8% compared with a year earlier, down from a 11.1% increase in the previous month.

NODX to China, Taiwan and Malaysia rose in December 2025, while NODX to the U.S., Japan, Hong Kong, Indonesia, Thailand and the EU 27 declined.

The latest trade data comes just weeks after Singapore's economy posted stronger-than-expected growth in 2025. However, Singapore's open economy faces a 10% tariff on its exports to the U.S., adding challenges to an uncertain trade outlook.

 
Singapore's Non-Oil Domestic Exports to Top Markets (% Y/Y) 
 
          December       November 
China        +17.9           +4.6 
Taiwan       +24.3          +15.1 
Malaysia     +13.3           +6.5 
South Korea  +12.9          +12.6 
EU 27         -5.4          +66.3 
Thailand     -17.9          -15.6 
Indonesia    -27.9          -34.0 
Hong Kong    -17.7          -20.4 
Japan        -26.4          -27.6 
U.S.         -36.3         +106.0 
 

Write to Amanda Lee at amanda.lee@wsj.com

(END) Dow Jones Newswires

January 15, 2026 19:45 ET (00:45 GMT)