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.
I am Derek Black, an author of World Stock Market. I have a degree in creative writing and journalism from the University of Central Florida. I have a passion for writing and informing the public. I strive to be accurate and fair in my reporting, and to provide a voice for those who may not otherwise be heard.