Singapore’s exports (excluding oil) rose faster than expected in June, driven by growth in electronic and non-electronic shipments, as well as strong expansion in exports to the US, China, Malaysia and Japan.
Non-oil exports from the trading hub of SE Asia rose 9% in June compared to the corresponding period of the previous year.
The increase was more than average estimates for 8%. In May, domestic non-oil exports rose 12% from a year earlier.
On a month-on-month basis, Singapore’s exports (excluding oil) in June rose 3.7% in seasonally adjusted terms, following a 2.8% rise in the previous month.
Electronics exports in June rose 4.1 percent from a year earlier, less than a 12.9 percent increase the previous month.
Exports excluding electronics rose 10.6% compared to an 11.7% increase in the previous month.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.