Overview
- Enterprise Singapore reported a 22.2% year-on-year rise in October non-oil domestic exports, handily topping economists’ expectations of about 7.5%.
- Electronics shipments grew 33.2%, with personal computers up 77.7%, integrated circuits up 40.9% and disk media products up 31.4%.
- Non-electronics exports rose 18.8%, led by a 176.8% surge in non-monetary gold, a 25.2% increase in pharmaceuticals and a 16.1% gain in specialised machinery.
- By destination, exports jumped to Taiwan (61.5%), Thailand (91.1%) and Hong Kong (66.9%), while shipments fell to the United States (−12.5%) and edged down to Japan (−0.1%).
- September growth was revised to 7.0%, and October’s report also showed total trade up 23.2% year-on-year, with NODX rising 4.1% for the first 10 months of 2025.