Key exports jump 46.2% in August on electronics surge

Growth was also partly aided by a low base after NODX fell to $13.3b last year.

Singapore’s non-oil domestic exports (NODX) jumped 46.2% year-on-year in August, accelerating from a 24.1% increase in July, according to Enterprise Singapore (EnterpriseSG).

The growth was partly supported by a low base, as NODX in August 2025 was the lowest monthly level recorded that year at $13.3b.

Electronics exports led the increase, surging 131.8% after rising 112% in July. The growth was attributed to strong demand related to artificial intelligence.

Integrated circuit exports climbed 90.9%, whilst disk media products jumped 290.2% and personal computers (PCs) surged 237.9%.

The three categories contributed $1.9b, $1.4b and $1.3b, respectively, to the increase in electronic NODX.

Non-electronic NODX returned to growth, rising 12% in August after falling 2.4% last month.

Specialised machinery exports increased 57.7%, non-monetary gold rose 67%, and medical apparatus grew 22.1%. EnterpriseSG said all three categories grew from a low base a year earlier.

NODX increased 22.4% in the first eight months of the year.

Shipments to the US rose 91%, led by disk media products, PCs, and specialised machinery. Exports to South Korea grew 87.1%, driven by integrated circuits, specialised machinery, and PCs.

NODX to China climbed 70.3%, supported by non-monetary gold, specialised machinery and integrated circuits. Exports to Hong Kong also increased 62.9%, followed by Taiwan at 58.5% and Malaysia at 39.3%.

Exports to the European Union were the exception amongst the major markets cited by EnterpriseSG, declining 1.7%. This was narrower than the 36% contraction recorded in July.

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