Singapore exports surge as electronics boom continues

Singapore’s non-oil domestic exports (NODX) surged 24.2 per cent year-on-year in November, marking the biggest jump in nearly a decade and 12th straight month of growth. Both electronics and non-electronics exports grew, according to data released by Enterprise Singapore (ESG) on Friday (Dec 17).

On a month-on-month seasonally adjusted basis, NODX increase by 1.1 per cent in November, following the previous month’s increase of 4.1 per cent. Electronic exports continued to grow, recording a 29.2 per cent increase on a year-on-year basis, driven primarily by integrated circuits, personal computers and disk media products, said ESG. Shipments of non-electronic products grew by 22.7 per cent, led by specialised machinery, petrochemicals and primary chemicals. Read more here