Singapore
SINGAPORE KEY EXPORTS SURPRISE WITH 13% REBOUND IN JUNE AMID TARIFF UNCERTAINTY
SINGAPORE – Singapore’s key exports enjoyed a surprisingly strong rebound in June, reversing the fall in May, on the back of growth in both electronics and non-electronics shipments. Non-oil domestic exports (Nodx) expanded 13 per cent in June from a year ago, after a revised 3.9 per cent decline in the previous month, data from Enterprise Singapore (EnterpriseSG) on July 17 showed. This beat the expectations of analysts polled by Reuters who forecast a rise of 5 per cent. For the first six months of 2025, exports rose 5.2 per cent. Growth was driven mainly by front-loading as companies raced to beat the original July 9 tariff reprieve deadline. EnterpriseSG said it is actively monitoring the evolving tariff situation and will adjust its 2025 Nodx forecast as necessary to reflect changing market conditions. The next forecast will be released in August. https://www.straitstimes.com/business/companies-markets/singapore-key-exports-surprise-with-13-rebound-in-june (ICE SINGAPORE)
Fonte notizia: The Straits Times, 17 July 2025
