- Singapore’s non-oil domestic exports (NODX) rose by 12.4% in April 2025.
- Non-oil re-exports (NORX) surged 39.4% in the same month, driven by electronics and non-electronics.
- Total trade grew by 14.7%, with exports and imports both rising.
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.
Singapore External Trade Highlights
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.
- NODX growth hit 5.6% over the first four months of 2025.
- Total trade expanded by 14.7% in April 2025.
- Total exports jumped 22.1%; imports rose 7.0%.
Oil exports, however, declined by 16.4%.
Growth came mainly from non-oil sectors.
Non-oil Domestic Exports (NODX) Performance
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.
- PCs exports up 124.3%.
- Integrated circuits up 23.3%.
- Disk media products rose 33.0%.
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 |
NODX Performance by Export Markets
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%.
- NODX to Hong Kong up 26.4% (April 2025).
- NODX to the EU up 6.2%.
- NODX to Japan up 6.4%.
Markets saw mixed results for electronics and non-electronics.
Non-oil Re-exports (NORX) Performance
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.
- Electronic NORX climbed 58.5%, led by parts of PCs (+779.1%) and other computer parts (+474.2%).
- ICs exports up 6.9% for NORX.
- Non-electronic NORX went up 15.6%, thanks to non-electric engines & motors (+37.4%), non-monetary gold (+89.2%), and specialised machinery (+51.1%).
NORX Performance by Market
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 Overview
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.
Key Takeaways
- Singapore’s external trade saw a strong rebound in April 2025 after steady gains in March.
- Electronics and non-electronic goods like gold and machinery powered the growth in both exports and re-exports.
- Key Asian markets (Indonesia, Taiwan, South Korea) were the main drivers.
- Oil exports dropped, but non-oil growth overwhelmed the decline.
- Singapore maintains its role as a trusted trade hub for Asia and beyond.
Do you think Singapore can keep up this export growth through 2025? Click Agree or Disagree below!
