Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Singapore’s non-oil domestic exports (NODX) jumped 6.9% in September 2025 compared to the same month last year, marking a surprising rebound led by strong electronics shipments, according to data released by Enterprise Singapore. The latest figures defied a Reuters forecast that predicted a 2.1% contraction and followed a revised 11.5% decline in August.
Electronics exports saw robust growth, reflecting rising global demand for semiconductors and related components. This sector has been a key driver in Singapore’s trade recovery amid an increasingly volatile global market. The strongest export gains were seen in shipments to Hong Kong, Taiwan, and China, while exports to the European Union, the United States, and Indonesia declined.
Shipments to the U.S. dropped 9.9% year-on-year in September, after plunging 29.1% in August, largely due to Washington’s imposition of a 10% tariff on Singaporean goods. The city-state had earlier accelerated exports and production to cushion the impact of the tariffs, helping its economy outperform expectations in the first half of the year. However, authorities have warned of a potential slowdown in the latter half as trade headwinds intensify.
Enterprise Singapore maintained its full-year forecast for non-oil export growth between 1% and 3%, anticipating softer demand in the second half of 2025. Meanwhile, the country is also preparing for additional sectoral tariffs, including one targeting pharmaceutical exports announced by U.S. President Donald Trump in September. Minister of State for Trade Gan Siow Huang stated that implementation of the new tariff has been delayed to give companies time to negotiate possible exemptions with U.S. authorities.
The latest export surge underscores Singapore’s resilience in navigating shifting trade dynamics and tariff challenges, as the nation continues to leverage its electronics strength and regional trade ties to sustain growth.
