17 November 2025, 04:09 Singapore: NODX Rises the Most in Near 4 Years.
Singapore’s non-oil domestic exports (NODX) jumped 22.2% yoy in October 2025, accelerating sharply from an upwardly revised 7.0% rise in September. This marked the second consecutive month of NODX growth and the fastest pace since November 2021, boosted by a jump in both electronic and non-electronic exports. Electronic exports soared 33.2%, after a 30.4% surge in September, due to a jump in shipments of PCs (77.7%), ICs (40.9%), and disk media products (31.4%). Meanwhile, non-electronic exports surged 18.8% yoy, after a 0.5% growth in September, boosted by rises in non-monetary gold (176.8%), pharmaceuticals (25.2%), and specialised machinery (16.1%). Exports increased mainly to Thailand (91.1%), Hong Kong (66.9%), Taiwan (61.5%), South Korea (38.0%), and Malaysia (29.2%), while edging up to China (0.1%). By contrast, shipments to the US dropped (-12.5%), dampened by newly imposed American tariffs, while those to Japan inched down 0.1%.
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