A survey shows that Singapore's non-oil domestic exports in October may grow by 4.0% year-on-year. This growth rate will be higher than the 2.7% in September. However, Moody's analysis expects a possible decline in Singapore's non-oil domestic exports in October. Moody's economist Denise Cheok stated in an email that since 2024, Singapore's important electronics industry has been gaining momentum, but progress has been uneven. She mentioned that with the outcome of the USA presidential election, the export prospects for Singapore in 2025 have become more uncertain. Cheok added that the USA may impose tariffs on imported products, which would impact exports across Asia and hit export-dependent economies like Singapore. Singapore's non-oil domestic export data for October is scheduled to be released next Monday.