[SINGAPORE] The Republic’s key exports expanded by 22.2 per cent year on year in October, surpassing the forecasts of economists who had expected single-digit growth, data from Enterprise Singapore showed on Monday (Nov 17).

October’s expansion extends September’s upwardly revised 7 per cent growth. Private-sector economists had projected a 7.5 per cent year-on-year expansion, according to a Bloomberg poll.

Both electronics and non-electronics exports grew in October. This brings non-oil domestic exports (NODX) growth for the first 10 months of 2025 to 4.1 per cent year on year.

Electronics exports jumped 33.2 per cent on the year, extending the preceding month’s 30.4 per cent increase. Integrated circuits (40.9 per cent), PCs (77.7 per cent) and disk media products (31.4 per cent) contributed the most to the expansion in electronic NODX.

Meanwhile, non-electronics shipments rose 18.8 per cent, after September’s 0.5 per cent increase. The main growth drivers were non-monetary gold (176.8 per cent), specialised machinery (16.1 per cent) and pharmaceuticals (25.2 per cent).

In October, key exports to all but two of Singapore’s top 10 markets increased.