Singapore's economy has experienced a noticeable setback in October as the country's non-oil exports dropped significantly. Latest figures indicate a month-over-month decline, with the current indicator reaching 9.30%, a sharp fall from the previous month's 13.10% reported in September 2025.
The shift marks a considerable 3.8 percentage point decrease, signaling potential challenges in sustaining the momentum witnessed in recent months. This development could be indicative of broader economic issues that might be influencing Singapore's trade performance on the global stage.
These statistics, updated on 17 November 2025, point to an altered trajectory for Singapore's export market, necessitating a close watch by economists and policymakers as they assess the underlying causes and consider measures to mitigate further losses. The month-over-month comparison highlights an urgent need for strategic adjustments to revitalize Singapore's non-oil export sector which is crucial for the country's economic health.
