Overview

• Government data showed June non-oil domestic exports rose 13.0% year on year, more than double the 5.0% analysts had predicted.
• Electronics exports climbed as PCs jumped 53.8% and integrated circuits rose 17.5%, while non-monetary gold and specialised machinery surged 211.9% and 31.4%.
• Shipments to Hong Kong, Taiwan and South Korea recorded strong gains, contrasting with declines to Japan, Indonesia and the United States.
• Singapore’s economy expanded 4.3% in the second quarter, underscoring resilience amid global trade uncertainty.
• Trade Minister Gan Kim Yong warned that fading front-loading ahead of U.S. tariffs and an unchanged 10% baseline tariff could weigh on growth.