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

Domestic Exports of Non Oil (nodx) (%yoy) in Singapore decreased to -4.60 percent in July from 12.90 percent in June of 2025. Domestic Exports of Non Oil (nodx) (%yoy) in Singapore averaged 8.94 percent from 1977 until 2025, reaching an all time high of 70.00 percent in February of 1980 and a record low of -34.90 percent in January of 2009. This page includes a chart with historical data for Singapore Domestic Exports of Non Oil (nodx) (%yoy). Singapore Non-oil Domestic Exports (NODX) YoY - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.

Domestic Exports of Non Oil (nodx) (%yoy) in Singapore decreased to -4.60 percent in July from 12.90 percent in June of 2025. Domestic Exports of Non Oil (nodx) (%yoy) in Singapore is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Non-oil Domestic Exports (NODX) YoY is projected to trend around 3.00 percent in 2026 and 2.50 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-07-17 12:30 AM
Non-Oil Exports YoY
Jun 13% -3.9% 5% 3.2%
2025-08-18 12:30 AM
Non-Oil Exports YoY
Jul -4.6% 12.9%
2025-09-17 12:30 AM
Non-Oil Exports YoY
Aug -4.6%


Related Last Previous Unit Reference
Balance of Trade 6302.16 9638.58 SGD Million Jul 2025
Capital Flows 15826.50 30226.70 SGD Million Jun 2025
Current Account 34796.60 36604.30 SGD Million Jun 2025
Current Account to GDP 17.50 17.70 percent of GDP Dec 2024
Non-Oil Exports YoY -4.60 12.90 percent Jul 2025
Exports 61306.73 58674.18 SGD Million Jul 2025
External Debt 2972559.60 2977381.90 SGD Million Mar 2025
Foreign Direct Investment 55118.10 55828.70 SGD Million Jun 2025
Imports 55004.56 49035.60 SGD Million Jul 2025
Terms of Trade 98.60 99.09 points Jul 2025

Singapore Non-oil Domestic Exports (NODX) YoY
In Singapore, Non-oil Domestic Exports (NODX) can be divided in Electronic Products, such as ICs, Disk Media Products, PCs, Parts of PCs, and Diodes & Transistors; and Non-Electronic Products, particularly chemicals, such as petrochemicals and pharmaceuticals.
Actual Previous Highest Lowest Dates Unit Frequency
-4.60 12.90 70.00 -34.90 1977 - 2025 percent Monthly
Not Seasonally Adjusted

News Stream
Singapore NODX Drops the Most in 9 Months
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, primarily due to a drop in non-electronic exports, which declined 6.6% (vs 14.4% in June). The weakness was led by sharp falls in pharmaceuticals (-18.9%), petrochemicals (-23.4%), and food preparations (-26.3%). Electronic exports rose 2.8% yoy, slowing markedly from an 8.0% gain in June, supported by strong shipments of PCs (80.4%), ICs (25.8%), and PCBs (8.0%). By market, shipments plunged to the US (-42.7%)—weighed down by newly imposed American tariffs—and also fell to Indonesia (-32.2%), Thailand (-21.8%), China (-12.2%), Malaysia (-9.8%), and Japan (-3.3%). In contrast, exports rose to Taiwan (62.9%), South Korea (34.5%), and Hong Kong (20.8%). On a monthly basis, NODX declined 6.0% in July, reversing a downwardly revised 14.2% jump in June.
2025-08-18
Singapore NODX Rises the Most in 11 Months
Singapore’s non-oil domestic exports (NODX) surged 13% yoy in June 2025, rebounding sharply from an upwardly revised 3.9% decline in May and far exceeding expectations of 5.0% growth. This marked the strongest expansion in NODX since July 2024, driven by gains in both electronic and non-electronic exports, despite a 4.8% drop in shipments to the US, dampened by newly imposed American tariffs. Non-electronic exports jumped 14.5%, reversing a 5.8% fall in May, fueled by strong increases in non-monetary gold (211.9%), specialised machinery (31.4%), and other specialty chemicals (20.1%). Electronic exports rose 8.0%, accelerating from a 1.6% gain in May, supported by robust shipments of ICs (53.8%), PCs (17.5%), and PCBs (17.0%). Exports rose significantly to Hong Kong (54.4%), South Korea (33.0%), Taiwan (28.3%), and China (8.5%). Monthly, NODX climbed 14.3%, rebounding strongly from an upwardly revised 12.4% slump in May and marking the fastest pace of growth in seven months.
2025-07-17
Singapore NODX Unexpectedly Falls in May
Singapore’s non-oil domestic exports (NODX) unexpectedly slumped 3.5% yoy in May 2025, reversing a 12.4% jump in April and missing expectations of an 8.0% rise. This marked the first decline in non-oil domestic exports since January and the strongest contraction in seven months, amid the imposition of new US tariffs, with exports to the US plunging 20.6%. Electronic product shipments grew by 1.7%, easing sharply from a 23.4% surge in April, boosted by sales of PCs (50.9%), ICs (49.0%), and consumer electronics (4.3%). Additionally, non-electronic exports fell by 5.3%, reversing a 9.3% rise in April, weighed down by petrochemicals (-17.8%), non-monetary gold (-25.9%), and specialised machinery (-11.7%). Exports also shrank to Thailand (-17.0%), Malaysia (-7.6%), Japan (-7.4%), China (-3.0%), and the EU (-4.8%) while soaring to Taiwan (17.25%). Monthly, NODX plunged 12.0%, the steepest decline since May 2023, reversing a 10.4% surge in April, which was the fastest pace in five months.
2025-06-17