\n<\/p>\n
NODX to Singapore\u2019s top 10 markets grew as a whole in Q2, with the biggest contributors being Taiwan, where exports jumped 90.4 per cent; South Korea, up 67.1 per cent; and the US, up 58.9 per cent.<\/p>\n
Electronics exports to those three markets recorded even sharper increases.<\/p>\n
Electronic NODX to the US surged 250.2 per cent, while shipments to Taiwan climbed 198.8 per cent and those to South Korea rose 178.8 per cent.<\/p>\n
EnterpriseSG said the global economy had remained more resilient than expected, supported by sustained AI-related demand and capital expenditure.<\/p>\n
NODX growth is expected to continue in the second half of the year, supported by sustained AI-related demand, favourable guidance from major electronics firms and firmer prices for key electronics products.<\/p>\n
Sentiment among manufacturers is also positive, particularly in the electronics and precision engineering clusters.<\/p>\n
However, EnterpriseSG said NODX growth was likely to moderate in the second half because of “high-base effects”.<\/p>\n
It also noted a prolonged conflict in the Middle East and higher US tariffs as downside risks.<\/p>\n
The trade figures were released on the same day that the Ministry of Trade and Industry raised Singapore\u2019s 2026 economic growth forecast to 4.5 per cent to 5.5 per cent, from 2 per cent to 4 per cent.<\/p>\n<\/div>\n
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NODX to Singapore\u2019s top 10 markets grew as a whole in Q2, with the biggest contributors being Taiwan, where exports jumped 90.4 per cent; South…<\/p>\n","protected":false},"author":1,"featured_media":75644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/dam.mediacorp.sg\/image\/upload\/s--W5mCkY0b--\/c_crop,h_576,w_1024,x_0,y_37\/c_fill,g_auto,h_676,w_1200\/fl_relative,g_south_east,l_mediacorp:cna:watermark:2023-11:afp_watermark_14112023,w_0.1\/f_auto,q_auto\/v1\/mediacorp\/cna\/image\/2026\/08\/11\/000_c2f36ke.jpg?itok=B7wgD_32","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[6233,5508,2360,4745,11879,1623,209,3985],"class_list":["post-75643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-news-sg-global","tag-boom","tag-demand","tag-electronics","tag-exports","tag-fuels","tag-key","tag-singapores","tag-surge","wpcat-2-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/75643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75643"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/75643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/75644"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}