Singapore · Regional expansion
How Singapore’s non-oil domestic export markets shifted
ASEAN accounted for 28.4% of Singapore’s non-oil domestic exports in 2025, up from 24.1% in 2020. The largest market grouping, China and the newly industrialised economies, was broadly unchanged at about 38%.
Sources checked
2020
Shared scale · 0% to 38.1%
2025
Shared scale · 0% to 38.1%
ASEAN gained 4.3 percentage points in the ministry’s five-year comparison.
ASEAN took a larger share
The six-group comparison puts ASEAN at 28.4% in 2025. That is 4.3 percentage points above its 2020 share. The United States share fell from 11.5% to 9.8%, while the EU-27 share fell from 8.6% to 6.1%. Source 1
A destination can grow in one year and lose share over five
Enterprise Singapore reported 2025 export growth of 12.2% to the EU-27 from 2024. The share comparison uses 2020 as its starting point and divides by all non-oil domestic exports in each year. The two results describe different time windows and measures. Source 2 Source 1
Taiwan and South Korea drove part of the 2025 rise
Enterprise Singapore reported nominal growth of 37.4% to Taiwan and 21.7% to South Korea in 2025. It found growth in both electronics and non-electronics for those markets. The market group chart aggregates individual destinations. Source 2
Nominal and real growth differ when prices change
The ministry puts 2025 national growth at 4.8% in nominal terms and 8.6% in real terms. It attributes the gap to softer export prices. The chart tracks each market group’s share of nominal export value. Source 1