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SINGAPORE: Exports Surge Ahead, Led by Electronics.

SINGAPORE
SingaporeGlobalEM BulletBulletAPACEmerging Market NewsRegion
  • Singapore non-oil domestic exports rose 10.7% in August .
  • The headline number was significantly lower than estimates of a 15% increase and down on July’s print of 15.7%.
  • Electronic exports however surged up 35.1% yoy for the month, the largest increase in 14 years.
  • Pharmaceuticals -31.6% y/y; petrochemicals +0.9% y/y.
  • The largest increases by country were shipments to Hong Kong, Taiwan and Korea. 
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  • Singapore non-oil domestic exports rose 10.7% in August .
  • The headline number was significantly lower than estimates of a 15% increase and down on July’s print of 15.7%.
  • Electronic exports however surged up 35.1% yoy for the month, the largest increase in 14 years.
  • Pharmaceuticals -31.6% y/y; petrochemicals +0.9% y/y.
  • The largest increases by country were shipments to Hong Kong, Taiwan and Korea.