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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Trade Balance climbed to 5.95B in September 2025
FMPMonthlyReleased October 2025
Singapore Trade Balance climbed to 5.95B in September 2025, released October 2025, up 0.96B from August's 4.99B reading.
Latest Release
5.948000
Actual
—
Consensus
4.990000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Trade Balance (Singapore) was reported at 5.95 billion in October 2025. The reading rose from the previous value of 4.99 billion. Trailing 12-month context per ETL data through October 2025.
WHY IT MATTERS
The trailing three releases averaged 6.91 billion, down from the prior three at 8.89 billion.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/SGD (Bearish USD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CPI YoY (Jun 23).
Auto-generated from current model state · Refreshes on each release · Last update October 2025.
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Trade Balance - SG
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About Trade Balance — Singapore
DEFINITION
Trade balance is a financial indicator that measures the difference between a country's exports and imports of goods and services. It is an important measure of a country's economic health and can indicate whether a country is a net importer or exporter. A positive trade balance indicates that a country is exporting more than it is importing, while a negative trade balance indicates the opposite. This indicator is closely monitored by economists and policymakers as it can impact a country's currency value, inflation, and overall economic growth.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2025): actual 5.948 B. Prior reading (Aug 2025): 5.078 B. Before that (Jun 2025): 9.708 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection.