Singapore's exports grew 4.8% in 2025, driven by electronics, despite slowing in December.

Singapore’s non-oil domestic exports rose 6.1% year-on-year in December 2025, slowing from earlier highs but still driving full-year growth to 4.8%, surpassing the 2.5% forecast. Electronics exports surged 24.9%, led by integrated circuits, disc media, and telecom equipment, while non-electronics rose 0.8%, boosted by gold and machinery. Exports to the U.S. and several major markets declined, though shipments to China, Taiwan, and Malaysia increased. Economists expect growth to moderate to 1–3% in 2026 due to U.S. tariffs and end of front-loading, though strong AI-driven demand and chip production may support momentum.