Singapore's key exports beat expectations to jump 3.4% in November
Singapore's non-oil domestic exports beat analysts' expectations to rise by 3.4% in November, rebounding from October's 4.7% contraction. Electronics exports expanded by more than 23%, with demand for integrated circuits, disk media products and PCs seeing the most increase. Experts said this could be due to businesses ordering in advance and getting ready ahead of incoming President-elect Donald Trump's proposed tariffs on US imports. Meanwhile, non-electronic exports continued to decline by 1.6% in November. Exports to half of Singapore's top 10 markets — including the US, China, Japan, Thailand and the EU — also fell. CNA's Kate Low reports.
Singapore's non-oil domestic exports beat analysts' expectations to rise by 3.4% in November, rebounding from October's 4.7% contraction. Electronics exports expanded by more than 23%, with demand for integrated circuits, disk media products and PCs seeing the most increase. Experts said this could be due to businesses ordering in advance and getting ready ahead of incoming President-elect Donald Trump's proposed tariffs on US imports. Meanwhile, non-electronic exports continued to decline by 1.6% in November. Exports to half of Singapore's top 10 markets — including the US, China, Japan, Thailand and the EU — also fell. CNA's Kate Low reports.
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