Singapore’s key exports growth eases to 6.1% in December as pharma drags
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Singapore's key exports grew by 6.1% year-on-year in December, lower than expected, primarily due to a decline in pharmaceuticals despite strong electronics shipments. This growth follows previous months of double-digit increases, with NODX rising 11.5% in November and 21.1% in October. Economists anticipate continued support for NODX growth from the electronics sector into 2026, prompting UOB to raise its full-year projections. The median estimate for December's growth was 10.1%, according to a Bloomberg poll.
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