Singapore trade growth slows YoY in May’ 25

Singapore’s total trade rose by 1.0 per cent year-on-year in May 2025, decelerating from the sharp 14.7 per cent growth recorded in April, according to official figures published by Enterprise Singapore on Tuesday.

Total exports grew by 2.5 per cent in May, easing from the 22.1 per cent expansion seen the previous month. The increase was largely driven by a 9.9 per cent rise in non-oil domestic exports (NODX), while oil exports fell sharply by 26.5 per cent.

On the other hand, total imports slipped by 0.5 per cent year-on-year in May, reversing from a 6.9 per cent increase in April.

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama