FX.co ★ Singapore's Non-Oil Exports See Sharp Drop in Year-End Numbers

Singapore's non-oil exports experienced a notable decline as 2025 came to a close, dropping to 6.10% in December from 11.50% in the previous month, according to data updated on January 16, 2026. This year-over-year comparison showcases a significant slowing of growth from November, reflecting potential challenges in global trade dynamics.

The numbers indicate that, compared to December 2024, the growth rate of non-oil exports in December 2025 was almost halved. The previous month's figure marked an 11.50% increase from November 2024 to November 2025, but this momentum was not sustained through to the end of the year.

This downward shift highlights potential concerns over demand for Singapore's non-oil exports, as well as broader issues affecting international trade markets. Factors may include fluctuating global economic conditions, susceptibility to regional market disruptions, or evolving trade policies. Analysts and stakeholders will be keeping a close watch on upcoming data releases to assess the implications for Singapore's economy moving forward.