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]

Core Viewpoint - Singapore's non-oil domestic exports (NODX) in July decreased by 4.6% year-on-year, significantly exceeding market expectations, primarily due to a decline in exports of non-electronic products such as pharmaceuticals [1] Group 1 - The decline in NODX is attributed to a drop in exports of non-electronic products, particularly in the pharmaceutical sector [1] - The 4.6% decrease in NODX is a notable figure compared to market forecasts, indicating a more severe contraction than anticipated [1]

Core Insights - Singapore's non-oil domestic exports (NODX) saw an increase of 12.4% year-on-year in April, indicating a significant growth trend [1] - For the first four months of this year, Singapore's NODX grew by 5.6%, reflecting a positive performance in the export sector [1]