📊Executive Summary

Singapore's exports faced a significant downturn in August 2025, with a reported 11.3% decline in non-oil domestic exports (Nodx), influenced by US tariffs. Electronics exports specifically dropped by 6.5%, ending a streak of growth, primarily due to reduced shipments of disk media products and integrated circuits. Economists predict continued challenges for Singapore's trade outlook, particularly in the electronics sector, as tariffs impact demand and export volumes. The decline in exports to major markets, including a 28.8% drop to the US and a 21.5% decrease to China, highlights the ongoing effects of tariff policies on Singapore's economy and its electronics supply chain....