In August 2025, Singapore experienced a sharp downturn in its non-oil exports, reflecting a worrying trend for the city-state's trade performance. According to recent data updated on 17 September 2025, non-oil exports fell by -8.9% compared to July 2025. This decrease follows a -6.00% decline recorded in July, marking a consecutive month of negative performance for Singapore's export sector.
The month-over-month comparison highlights a deepening slump in Singapore's export-dependent economy, raising concerns among economists about the country's short-term growth prospects. The latest figures indicate a steeper decline than previously observed, and experts warn that sustained drops in exports could impact employment and economic recovery efforts.
Analysts are closely watching how Singapore will navigate this export turbulence, particularly as global trade dynamics remain volatile. The latest downturn underscores the need for diversified trade strategies and perhaps a reevaluation of existing policies to stabilize Singapore’s trade outputs amid uncertain global market conditions. As the situation develops, stakeholders will be keenly observing any government interventions or market adjustments aimed at reversing this negative trend.
