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Financial News: Singapore Non-Oil Domestic Exports Jump 7% In January

Singapore Non-Oil Domestic Exports Jump 7% In January

02/16/2021 - 20:10:00 (RTTNews)

(RTTNews) - The value of non-oil domestic exports from Singapore climbed a seasonally adjusted 7.0 percent on month in January, Enterprise Singapore said on Wednesday - coming in at S$15.4 billion.

That beat expectations for an increase of 2.0 percent and was up from 4.8 percent in December, which had a value of S$14.4 billion.

On a yearly basis, non-oil domestic exports spiked 12.8 percent - far exceeding expectations for a gain of 5.4 percent and up from the 6.8 percent jump in the previous month.

The increase was mainly due to electronics, specialized machinery, non-monetary gold and petrochemicals, the bureau said.

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