Singapore's February Non-Oil Domestic Exports Up 7.6% on Strong Electronics, Non-Electronics Shipments

MT Newswires
03-17

Singapore's non-oil domestic exports rose 7.6% in February, reversing a 2.1% decline in January, driven by gains in both electronic and non-electronic shipments, according to government data released Monday.

Electronic exports rose 6.9%, led by disk media products up 40.6%, integrated circuits up 6.9%, and PCs up 28.5%.

Non-electronic exports climbed 7.8%, boosted by non-monetary gold up 106.9%, measuring instruments up 23.1%, and specialty chemicals up 37.5%.

Exports to Taiwan surged 77.9%, supported by specialized machinery and measuring instruments. Shipments to the US rose 21.5%, and exports to the EU gained 16.7%.

Total trade rose 4.6% after a 6.6% increase in January.

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