Tuesday, June 3, 2025
29.3 C
Singapore

Singapore exports rise 3.4% in November, driven by 23.2% surge in electronics

- Advertisement -

SINGAPORE: Singapore’s key exports bounced back in November, driven mainly by a rise in electronic shipments.

The city-state’s non-oil domestic exports (NODX) increased by 3.4% in November compared to last year, recovering from a 4.7% decline in October, according to data from Enterprise Singapore (EnterpriseSG) on Dec 17.

According to The Business Times, the increase was largely due to a 23.2% year-on-year (YoY) rise in electronic exports, especially in integrated circuits and disk media products.

However, non-electronic exports fell by 1.6% YoY, mainly because of the volatile pharmaceutical sector, petrochemicals, and paper and paperboard.

- Advertisement -

NODX to half of Singapore’s top 10 markets grew in November, with Taiwan seeing the biggest jump at 42.7% YoY. Hong Kong followed closely with a 35.3% rise in shipments. On the other hand, shipments to the United States, China, and Japan recorded the largest declines.

On a monthly basis, NODX grew by 14.7% in November, reaching S$15.5 billion. This marked a strong recovery from the 7.5% drop in October. Total trade grew by 5% YoY in November compared to last year, with both exports and imports rising. /TISG

See also  China exports spike to highest in decades after Covid-19 hit

Featured image by Depositphotos (for illustration purposes only)

- Advertisement -

Hot this week

Bidding wars at the void deck: Are we pricing out the heart of our heartlands?

SINGAPORE: The void deck, once the cornerstone of neighbourhood...

Popular Categories