Singapore Exports Rise Unexpectedly In April

By | May 18, 2020
InstaForex
Singapore Exports Rise Unexpectedly In April

Singapore’s non-oil domestic exports increased unexpectedly in April, data from Enterprise Singapore showed on Monday.

Non-oil domestic exports increased 9.7 percent year-on-year in April, confounding expectations for a decline of 5 percent. Nonetheless, the pace of growth eased from 17.6 percent logged in March. Electronic NODX fell by 0.6 percent, while non-electronic NODX gained 12.8 percent.

On a monthly basis, NODX declined 5.8 percent in April, after a 12.8 percent rise in the previous month.

NODX to the top markets grew in April, though exports to China, Hong Kong, Malaysia, Indonesia and Thailand declined. The largest contributors to the growth were the US, the EU 27 and Japan, data showed.


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