Singapore exports up 5.4% in March

Taiwan, Indonesia, and South Korea are the top growth markets.

Singapore’s non-oil domestic exports (NODX) rose 5.4% year-on-year (YoY) in March 2025, easing from 7.6% growth in February, as per data from Enterprise Singapore. Both electronics and non-electronics contributed to the growth.

Overall, NODX grew by 3.3% in the first quarter of 2025.

Strong demand from key regional markets contributed to the March performance, with Taiwan, Indonesia, and South Korea emerging as the top growth destinations. However, exports to China registered a decline.

NODX to Taiwan surged 45.7%, driven by growth in specialised machinery (+92.5%), measuring instruments (+93.2%), and integrated circuits (+18.0%). Exports to Indonesia rebounded with a 63.0% increase, reversing a 5.4% drop in February, mainly due to ship structures, personal computers, and non-monetary gold. South Korea saw a 21.6% rise in NODX, supported by machinery (+28.2%), instruments (+220.1%), and ICs (+67.0%).

Non-oil re-exports (NORX) also rose 5.5% YoY in March, slowing from 12.7% growth in February, with both electronics and non-electronics posting gains.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia