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2025-12-17 14:06:03
[Singapore's Non-Oil Export Growth Faces Significant Pressure in 2026] 1. According to a recent report by United Overseas Bank (UOB), Singapore's non-oil domestic export growth is expected to slow significantly in 2026. The bank's economists predict that the export growth rate will drop sharply from 4.7% in 2025 to 1.2% in 2026. 2. The report points out that the slowdown is mainly affected by two factors: firstly, the lagged effects of US tariff policies are beginning to emerge; secondly, the high base effect, especially from the third quarter of 2026, will severely drag down the currently strong electronics exports. This year, driven by a surge in global capital expenditure on artificial intelligence, electronics exports have been the main growth driver.
