Singapore NODX falls 11.3% in August

Both non-electronics and electronics declined.

Singapore’s non-oil domestic exports (NODX) declined by 11.3% year-on-year (YoY) in August 2025, following a 4.7% drop in July.

Both electronics and non-electronics sectors contributed to the contraction, though NODX rose 1.6% in the first eight months of 2025.

On a YoY basis, electronic NODX fell 6.5% in August, reversing the 2.7% gain in July. Key contributors to the decline included disk media products (-28.1%), integrated circuits (ICs, -7.4%), and PC parts (-36.9%).

Non-electronic NODX contracted 13.0% in August, after a 6.7% decline in July. The largest declines came from specialised machinery (-29.1%), food preparations (-51.4%), and petrochemicals (-23.2%).

Exports to major markets showed mixed trends. NODX to the US, China, and Indonesia fell, while exports to the EU 27, South Korea, and Taiwan rose.

NODX to the US decreased 28.8% YoY in August, following a 42.8% drop in July, led by declines in food preparations (-97.1%), specialised machinery (-71.3%), and disk media products (-60%).

Exports to China also fell 21.5%, after a 12.3% drop in the previous month, driven by specialised machinery (-41.8%), non-monetary gold (-96.1%), and ICs (-36.8%).

NODX to Indonesia fell 39.6%, extending July’s 32.3% decline, due to non-monetary gold (-99%), petrochemicals (-37.1%), and electrical machinery (-83%).

Meanwhile, Singapore’s total trade grew 3% YoY in August, moderating from the 8.2% increase recorded in July.