Singapore exports rise by 7.7% in August as electronics recover from year-ago low base

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SINGAPORE exports kept up their growth momentum in August, with both electronics and non-electronics shipments rising on a low base effect. Read more at The Business Times.

Otherwise, non-electronics NODX drove the headline growth with an increase of 8.3 per cent, up from 6.9 per cent in the month before.

Meanwhile, specialised machinery grew by 25.7 per cent and food preparations grew by 18.9 per cent - changes that were attributed by ESG to a low base in the year-ago period. Overall, exports to Singapore's top markets were expansionary, led by trade with China, the European Union, and the United States.

 

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