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Financial News: Singapore Exports Rise Unexpectedly

Singapore Exports Rise Unexpectedly

01/17/2020 - 00:21:00 (RTTNews)

(RTTNews) - Singapore's non-oil domestic exports increased unexpectedly in December, data from Enterprise Singapore showed on Friday.

Non-oil domestic exports increased 2.4 percent year-on-year in December, following a 5.9 percent decline in November. Economists had expected a 2.0 percent drop.

Electronic NODX declined sharply by 21.3 percent, while non-electronic NODX rose 11.5 percent.

On a monthly basis, NODX grew 1.1 percent in December, after a 5.8 percent rise in the previous month.

NODX to the majority of the top markets increased in December, except Hong Kong and Indonesia. The largest contributors to the annual growth were from China, Taiwan and the US.

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