SINGAPORE: Singapore’s non-oil domestic exports rose by 6.1 per cent in December from a year earlier, government data showed on Friday, led primarily by non-monetary gold and supported by electronic products such as integrated circuits and disk media products.
The export growth compared with a Reuters poll forecast of a 10 per cent increase and followed a revised rise of 11.5 per cent in November.
Among key markets, exports to China and Taiwan rose, while shipments to Japan and the US were lower than a year earlier, Enterprise Singapore said.
For the full year 2025, non-oil domestic exports grew 4.8 per cent, beating Enterprise Singapore’s November forecast of around 2.5 per cent, as it expected robust AI-related demand and high gold prices to provide some support to shipments in the fourth quarter.
In December, the Trade Ministry said annual economic growth for 2025 came in at 4.8 per cent, well ahead of its November forecast of around four per cent and a previous range of 1.5 to 2.5 per cent.
© New Straits Times Press (M) Bhd
