Trade

NEW GLOBAL ORDER

Asean+3, not the US, is now the world’s largest market

This structural shift has measurable consequences for how shocks propagate

EnterpriseSG says key exports growth will be supported in part by electronics amid strong AI-related demand.

Singapore upgrades 2026 key exports growth forecast to 2-4% as global outlook improves

OCBC raises its forecast to the same range; non-oil domestic exports up 4.8% in 2025

The upward revision of gross domestic product in 2025 comes as Q4 growth is adjusted upwards to 6.9%, from an advance estimate of 5.7%.

Singapore revises 2025 GDP growth to 5% from 4.8% earlier, bolstered by a strong Q4

MTI raises 2026 forecast economic expansion to 2% to 4%, compared to 1% to 3% previously

Among global carriers, Singapore is still favoured in terms of total bunkering cost, which factors in refuelling time, fuel quality risk and port connectivity.
THE BROAD VIEW

Hainan’s Free Trade Port: A partner, not a rival, to Singapore

Divergence between ports creates opportunities for businesses to collaborate and complement each other’s strengths

The value of Australia’s shipments to China of iron ore, coal and other goods dropped 2% last year.

Australia’s falling China trade surplus rings economic alarm

Australians are buying more and more from overseas, with the Asian nation now supplying more than a quarter of all imports

Indian Prime Minister Narendra Modi (left) and US President Donald Trump at the White House on Feb 13, 2025. The latest deal owes as much to the two leaders' relationship as to any systematic trade negotiation.

The US-India trade deal: Strategic reset or fragile truce?

The lack of details on the agreement makes it difficult to assess its true economic impact

Hundreds of consignments have been stranded at ports and border checkpoints since the roll-out of new inspection rules.

Damage done: Vietnam’s food-safety push creates bitter aftertaste for businesses despite U-turn 

The new inspection rules, now suspended for 70 days, are jamming border crossings, disrupting supply chains and could push near-term prices up

A corn field in Indiana in the US. Yield growth for the three main cereals – corn, rice and wheat – has nearly flatlined over the past five years.

World’s food security is facing a triple threat

Humanity’s risk of starvation is going up with falling crop yields, strained water supplies and restrictive food trade

Canada Prime Minister Mark Carney (left) with China President Xi Jinping in Beijing. On the first day of Carney’s trip to China on Jan 13, Canada agreed to deepen cooperation with the Asian country on both clean and conventional sources of energy.

Canada’s energy sector is its gateway to Asia

With economies like South Korea, Japan and Singapore importing almost all their oil and gas, Asia presents a huge opportunity for Ottawa