Financial News: Singapore Non-Oil Domestic Exports Surge 9.0%

Singapore Non-Oil Domestic Exports Surge 9.0%

01/17/2025 - 01:53:00 (RTTNews)

(RTTNews) - Singapore's non-oil domestic exports rose for the second straight month in December, data from Enterprise Singapore showed Friday.

Non-oil domestic exports grew 9.0 percent year-over-year in November, much faster than the revised 3.4 percent rebound in the previous month. Economists were looking for an increase of 7.40 percent.

Exports of non-electronic products rose 6.6 percent in November from last year, in contrast to a 1.6 percent decline a month ago. Meanwhile, the annual growth in shipments of electronic products eased to 18.6 percent from 23.1 percent.

On a monthly basis, NODX increased 1.7 percent in November, well below the 14.5 percent expansion in the preceding month. Non-electronics grew while electronics decreased.

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