Singapore’s non-oil domestic exports (NODX) surged 6.9% yoy in September 2025, recovering sharply from an upwardly revised 11.5% decline in August, which was the steepest fall since March 2014. This marked the first growth in NODX in three months, driven by a rebound in both electronic and non-electronic exports. Electronic exports soared 30.4%, recovering from a 6.5% drop in August, due to a surge in shipments of ICs (34.9%), PCs (58.3%), and disk media products (42.9%). Meanwhile, non-electronic exports grew 0.4% yoy, rebounding from a 13.3% plunge in August, boosted by rises in non-monetary gold (82.7%) and specialised machinery (14.1%). Exports grew mainly to Hong Kong (56.3%), Taiwan (31.9%), Thailand (24.0%), China (10.1%), and Japan (8.2%). By contrast, shipments to the US fell (-9.9%), dampened by newly imposed American tariffs. Monthly, NODX jumped by 13.0%, rebounding sharply from an upwardly revised 9.1% drop in August, marking the first monthly increase in three months.