Import, export price indices fall YoY in July 2025

The decrease in non-oil indices was due to the Machinery and Transport Equipment index

The prices of imports and exports declined in July 2025 compared to a year ago, according to the Department of Statistics Singapore (SingStat).

The Import Price Index fell 6.1% year-on-year (YoY) in July, extending the 6.4% decrease in June 2025. The oil index fell 17.7%, mainly due to lower prices of petroleum and products amid the oversupply of oil production, while the non-oil indices fell 2.4%.

For the Export Price Index, data showed it fell by 8.0% in July 2025 compared to a year ago, following the 7.9% decrease in June 2025.

The oil and non-oil indices decreased 16.6% and 5.9%, respectively.

Among the non-oil sub-indices, the decrease was due to the Machinery and Transport Equipment index, attributed to lower prices of electrical machinery apparatus.