
Core Viewpoint - DBS Group's research team anticipates that Singapore's non-oil domestic exports may decline for the second consecutive month in August, primarily due to a high base effect from the previous year [1] Summary by Relevant Categories Export Performance - Singapore's non-oil domestic exports are expected to decrease by 1.0% in August, an improvement from the 4.6% contraction observed in July [1] - The decline is partly attributed to last year's record high in electronic non-oil domestic exports in August, alongside the 10% tariffs imposed by the U.S. on its goods [1] External Factors - Increased tariffs on Singapore's trade partners by the U.S. may have impacted the supply chain, exerting pressure on external demand for other non-oil domestic export products [1]