Singapore key exports jump by higher-than-expected 68.4% in September, led by non-electronics
Electronics exports also continue to surge on AI-related demand
In September, Singapore's key exports rose by a remarkable 68.4% compared to the previous year, surpassing economists' expectations. This surge was largely fueled by non-electronics, which saw an 11.9% increase year-on-year. Non-electronics exports, which had previously expanded by 46.1% in August, continued their impressive momentum, extending their growth trend.
The non-electronics sector's expansion was primarily driven by structures of ships and boats, along with notable contributions from non-monetary gold and specialized machinery. Electronics exports also showed remarkable growth, jumping 107.6% year-on-year, primarily due to robust demand for AI-related products. Disk media products, integrated circuits, and PCs were the key contributors to this surge in electronics exports.
Despite the overall increase in key exports, India witnessed a decline in exports to the country, marking a shift from the 23.6% growth seen in August.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- India car sales jump 22% in September: SIAM economictimes.indiatimes.com
- Passenger vehicle dispatches rise 21.8% to 454K units in September: Siam business-standard.com
- U.S. retail sales rose 0.8% in September, boosted by gasoline station spending qz.com
