Singapore’s exports rise unexpectedly in February

Singapore (VNA) – Singapore’s non-oil domestic export (NODX) rebounded in February with a year-on-year increase of 2.1 percent, compared with a 10.1 percent overall decline in January, the trade agency International Enterprise (IE) Singapore said on March 17.

The agency attributed the rise to growth in electronic and non-electronic exports.

Domestic exports of electronics rose 0.7 percent from a year earlier, while exports of non-electronic products increased by 2.7 percent.

The largest contributors to Singapore’s NODX expansion were the European Union, Hong Kong (China), and Japan, said IE Singapore.

Exports to China, Singapore's top overseas market, fell 1.2 percent in February from a year earlier, after a 25.2 percent slide in January.-VNA