Singapore's external trade surged 14.7% in April 2025, powered by double-digit growth in non-oil exports and a spectacular 39.4% jump in re-exports.
KEY POINTS
IN SIMPLE TERMS
Singapore sold a lot more goods abroad in April 2025 than it did a year earlier. Electronics like computer chips and personal computers led the way, along with gold and machinery. The country's main trading partners in Asia — like Indonesia, Taiwan, and South Korea — bought much more than usual.
WHY IT MATTERS
WHERE DO YOU STAND?
Do you think Singapore can sustain this level of export growth through the rest of 2025?
👍 👎 Vote ↓Singapore external trade soared in April 2025, led by sharp gains in electronics and non-oil goods, with key export markets in Asia driving the growth.
According to Enterprise SG, Singapore’s external trade showed strong growth in April 2025.
Non-oil domestic exports (NODX) increased by 12.4% compared to the same month last year.
This was higher than the 5.4% growth in March 2025.
Both electronics and non-electronics contributed to the gains.
Non-oil re-exports (NORX) shot up by 39.4% in April 2025, building on a 5.4% increase in the previous month.
Oil exports, however, declined by 16.4%.
Growth came mainly from non-oil sectors.
NODX climbed sharply on a year-on-year basis.
The three-month moving average (3MMA) showed an 8.5% rise in April 2025, up from 3.3% in March.
Electronic NODX jumped by 23.5%.
This extended the 12.2% growth in March.
Non-electronic NODX increased by 9.3% year-on-year.
Non-monetary gold exports went up 80.4%.
Specialised machinery and structures of ships & boats also helped the gains.
| Product | April 2025 Y-O-Y Growth (%) |
|---|---|
| PCs | 124.3 |
| Integrated Circuits (ICs) | 23.3 |
| Disk Media Products | 33.0 |
| Non-monetary Gold | 80.4 |
| Specialised Machinery | 7.2 |
According to Enterprise SG, April 2025 saw strong growth in export markets like Indonesia, Taiwan, and South Korea.
NODX to Indonesia rose 111.2%, to Taiwan up 47.4%, and to South Korea up 38.1%.
These improvements were due to the rise in structures of ships & boats, non-monetary gold, and electronics (like PCs and ICs).
Exports to Hong Kong and the EU also increased, while exports to Malaysia decreased by 1.0% and to China by 17.0%.
Markets saw mixed results for electronics and non-electronics.
Non-oil re-exports (NORX) had a large jump this month.
NORX grew by 39.4% year-on-year in April 2025.
The three-month moving average showed 19.2% growth, up from 8.3% in March.
NORX to Taiwan expanded by a massive 414.0% in April 2025.
NORX to the US rose by 113.4%, and to Malaysia by 57.7%.
Strong gains in electronics made Taiwan and the US stand out as key growth markets.
Total trade in Singapore rose by 14.7% in April 2025.
Exports went up by 22.1% and imports grew 7.0%.
Oil exports fell by 16.4%, but this drop did not weigh down overall growth thanks to non-oil sectors.
This makes April 2025 a very strong month for Singapore trade.
The numbers confirm the continued strength of Singapore’s export markets for electronics and machinery.
Imports also went up, showing steady domestic demand and supply chain activity.
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