Singapore NODX Rises the Most in 11 Months
2025-07-17 00:39
By
Chusnul Chotimah
1 min. read
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.